Early Easter boosts retail as Brits splash out on food and homeware before summer April 9, 2024 Retail leaders also issued warnings about impending costs such as the rise in minimum wage and business rate hikes, urging the government and Labour to take more action ahead of the General Election.
S&U channels Marcus Aurelius as motor finance lender says it will ‘wrestle on’ April 9, 2024 The specialist auto and property lender has posted a fall in annual profit and lowered its dividend as the firm grapples with higher costs and regulatory pressures.
Forecasts by the Bank of England and the OBR are drifting apart. Is it a problem? April 9, 2024 Economic forecasts by the Bank of England and the Office for Budget Responsibility are drifting further apart. Chris Dorrell explains why this could be a problem
IMF warns central banks should be wary of leaving interest rates on hold for too long April 8, 2024 In a chapter from its latest World Economic Outlook, the IMF noted that different economies have experienced different effects from higher interest rates.
Aviva and the UK Infrastructure Bank unveil £100m plan to help power London red buses’ electric shift April 8, 2024 A group of investors have will pump in £100m to electrify hundreds of UK buses as the sector looks to shift away from diesel.
UK economy: Business output at highest level since May 2022 as recovery continues April 8, 2024 Economic output climbed to its highest level since May 2022 in March, according to the BDO Business Trends report.
Bank of England should ‘loosen its grip on growth’ as labour market slack grows April 8, 2024 Starting salary inflation for permanent roles increased at its weakest rate in over three years, according to KPMG and the Recruitment and Employment Confederation's (REC) report on jobs.
Ignoring market expectations on rate cuts would be Bailey’s final straw April 8, 2024 It may, perhaps, seem odd that the Bank of England’s decision on interest rates should be effectively made by the market. But that is the case over the coming ten weeks, through the May and June rate decision. To fail to meet market expectations would, now, represent the final nail in the credibility of Andrew [...]
Are house prices going to fall? Is this the end of buy-to-let? What’s going on in the housing market? April 7, 2024 The UK property market confounded expectations last year, only falling by two per cent. With rate cults looking likely, will it rally again?
Should you buy NS&I’s British Savings Bonds or Premium Bonds? April 6, 2024 As the government launches its much-touted British Savings Bonds, City A.M. asks whether the product is worth investing in over Premium Bonds.