Card spending jumps in 2023 as Brits splash out on travel and booze December 29, 2023 Debit and credit card spending jumped this year despite inflation and higher household bills, as Brits forked out on holidays and booze.
Which banks were the winners and losers of 2023? December 29, 2023 After a year of big headlines, which UK banks pressed ahead and which fell behind in 2023?
Sterling could climb to $1.35 despite Bank of England interest rate cuts December 28, 2023 Lower rate expectations tend to hit currencies as it suggests investors will receive a lower rate of return on their investments, but this morning the pound climbed above $1.28 - its highest level since early August.
Inflation to fall fast in 2024 helping UK economy to ‘turn a page’, PwC predicts December 28, 2023 Barret Kupelian, chief economist at PwC said 2024 will be "the year the UK turns a page" thanks to falling inflation.
Exclusive: Top economists forecast Bank of England to cut rates as soon as March December 28, 2023 The Bank of England is tipped to start cutting interest rates as soon as March, according to a City A.M. poll of top economists, as the central bank faces mounting criticism for being too hawkish in its monetary policy.
In memoriam: Two chancellors, Parky, Sir Bobby, business leaders and celebs we lost in 2023 December 26, 2023 As City A.M. looks ahead to the next 12 months, we reflect on those who have departed this year, and the impact they continue to have.
Borthwick must look overseas for next crop of England rugby players December 25, 2023 If you stood on an English beach in the south east and looked over the Channel, towards France, you may be able to see the faint outline of Jack Willis or Henry Arundell charging around a sports stadium. Because a huge number of England’s top rugby talent have migrated overseas and into the Top14, beyond [...]
New laws ‘guarantee’ privacy for digital pound users amid Britcoin concerns December 22, 2023 The Treasury and Bank of England are attempting to smooth concerns over snooping on digital pound spending, with upcoming legislation set to protect user privacy.
Revolut finally publishes 2022 accounts but UK banking licence remains elusive December 22, 2023 The fintech company has filed its long-awaited accounts for 2022, but a UK banking lisence remains out of reach.
Falling UK debt interest may allow room for tax cuts, Jeremy Hunt says December 22, 2023 Lower levels of UK debt interest may allow room for the government to cut taxes, UK Chancellor Jeremy Hunt has said.