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Metro Bank has learned ‘the hard way’ about costly branches, analysts say November 30, 2023 Metro Bank today announced a shift in strategy as it prepares to lay off 20 per cent of staff, considers cutting opening times and tries to simplify its business model to become more cost-efficient.
Interest rates to remain ‘higher for longer’ if ‘experimental’ data turns out to be true November 30, 2023 The figures were published by the Office for National Statistics (ONS) last month and are based on the earliest indicators from the Transformed Labour Force Survey, which the ONS hopes to roll out next March.
Alistair Darling dies aged 70: Heartfelt tributes paid to ‘one of the great chancellors’ November 30, 2023 Former Labour Chancellor Alistair Darling has died aged 70, his family have confirmed.
Bank of England finance panel suggests wage growth won’t budge next year, but inflation will fall November 30, 2023 "Expected output price inflation has been gradually falling over the year," the survey noted.
Metro Bank to cut 20 per cent of staff, review opening hours after £925m rescue November 30, 2023 Metro Bank said today its turnaround plan would require a great deal more cost surgery than previously anticipated.
‘Realist’ Bailey says Bank of England is ‘getting sleeves rolled up’ to tackle inflation November 29, 2023 In an interview with the Daily Staffordshire, the Bank's governor said "we are not in a place now where we can discuss cutting interest rates."
Mortgage approvals are up. Does this mean the housing market is finally recovering? November 29, 2023 The number of mortgage approvals ticked up in October, new data has revealed. Is this a sign the housing market is recovering?
Household borrowing dips as higher rates ‘percolate’ through UK economy November 29, 2023 Consumer borrowing fell in October in the latest indication that higher interest rates are weighing down on demand in the economy.
England cricket chief says sport finally waking up to investment opportunities November 28, 2023 England cricket chief Richard Gould insists the domestic game is realising the huge “investment opportunity” that awaits the sport as private equity rumours circle The Hundred. Recent talks surrounding The Hundred, English cricket’s unique competition, have centred on expanding it from eight teams to 10 and welcome private investment from the likes of India and [...]
Hawkish Bank officials warn hot labour market means ‘higher rates for longer’ November 28, 2023 Markets think that the Bank will start to unwind its historic run of interest rate rises next summer.