Inflation set to drop to lowest level in two years as energy prices continue falling November 13, 2023 Inflation is set to fall below five per cent for the first time in two years, but the job is far from over for the Bank of England.
ONS considering bigger cash rewards to address drop in survey response rate November 12, 2023 The Office for National Statistics (ONS) is offering bigger cash incentives for participants in its surveys as it seeks to address the declining response rate.
Metro Bank added to FCA’s financial crime watchlist November 12, 2023 Metro Bank has been added to the City regulator's financial crime watchlist, the lender confirmed, posing another headache for the bank as it looks to rebuild after securing a major refinancing deal.
FTSE 100 close: London ends week deep in the red as Diageo shares crash after GDP flat November 10, 2023 No firms on the FTSE 100 rose by more than one per cent after the open on a sluggish morning with few corporate results, as Diageo' share price plummeted by more than nine per cent.
Bank of England says lenders to be put through mini budget-style shock tests November 10, 2023 It is intended to replicate some of the chaos and more which was unleashed on markets last autumn after Liz Truss and Kwasi Kwarteng revealed their budget and other moments of turmoil.
GDP: When is no growth in the economy a good thing? November 10, 2023 Ministers may have breathed a sigh of relief today as the UK economy narrowly dodged recession in the third quarter of the year after eeking out minor growth in September and August.
Jeremy Hunt: Inflation is ‘single greatest barrier to growth’ as UK economy flatlines November 10, 2023 Chancellor Hunt is due to give his Autumn statement on 22 November, with business groups saying he should take action to reduce inactivity in the workforce.
UK economy avoids recession edge as GDP shows no growth November 10, 2023 The ONS said services fell by -0.1% per cent, construction grew by 0.1 per cent and production was flat at 0.0 per cent, as the UK economy appeared to remain stagnant.
Lloyds tells Big Tech to do more to tackle surge in crypto scams November 10, 2023 Lloyds Bank has issued an "urgent warning" over a surge in cryptocurrency scams and called on Big Tech companies like Meta to do more to tackle the issue.
Monetarists warn of ‘severe recession’ and risk of deflation as money supply falls November 9, 2023 Monetarists are warning that the UK is facing a "severe recession" as the money supply falls sharply in the face of the Bank of England's interest rate hikes.