Labour pledges ‘fiscal lock’ to protect UK economy, says Rachel Reeves October 9, 2023 A Labour government would deliver a “new fiscal lock” to legally guarantee significant tax and spending changes must be reviewed by economic experts, Rachel Reeves has vowed. The shadow chancellor said a government led by Sir Keir Starmer would “put forward a new charter for budget responsibility” in the wake of the chaos wrought by [...]
Recruitment firms’ profits expected to suffer amid jobs gloom October 9, 2023 Analysts expect recruitment firms to report a sharp fall in profits this week as an uncertain economic environment impacts the jobs market. Hays, PageGroup and Robert Walters will update investors on their performance over the coming days, with profits predicted to fall sharply. According to a consensus cited by AJ Bell, Robert Walters is expected [...]
Think of the fans: Why stadium experience matters as much as TV production October 9, 2023 It feels like we’re at a new low point for customer experience. After Covid, the services we used to rely on seem like they’re getting worse. Of course, it’s understandable how shutting the world down for two years is going to have an impact on fragile supply systems but the pandemic has also reset our [...]
What would a Labour government mean for financial services? October 9, 2023 Keir Starmer wants the City to help him deliver his vision for Britain and sees the financial sector as a key partner in the transition to net zero and delivering the much-desired growth, writes Alice Perry
We need to tackle financial exclusion and give everyone the opportunity to safeguard their future October 9, 2023 With a plan to make credit more accessible and financial education part of the primary school curriculum, the Lord Mayor of the City of London wants everyone to experience economic stability
Metro Bank: Natwest, Lloyds and Santander UK consider buying parts of lender – report October 8, 2023 The Bank of England has reportedly been canvassing some of the UK’s most high profile banks to gauge their interest in purchasing Metro Bank.
Metro Bank: Bank of England approached UK lenders to gauge interest in troubled bank October 8, 2023 The Bank of England's Prudential Regulation Authority approached a number of big UK lenders this week to see if they had any interest in taking over British lender Metro Bank, the Financial Times reported.
De La Rue: British banknote maker lifts profit expectations as currency demand recovers October 6, 2023 British banknote maker De La Rue has bumped up its profit expectations for the first half of the year after it reported seeing signs of recovery in its currency business. The Basingstoke-based firm said it now expects adjusted operating profit to be “marginally ahead of previous guidance” given in June. Shares in the company, which [...]
FTSE 100 close: London ends week higher after US jobs growth smashes forecasts October 6, 2023 London markets opened higher this morning despite a fall in house prices for the sixth consecutive month in a row.
London house prices slump again as high interest rates pile pain on mortgage holders October 6, 2023 London house prices cratered again in September as the Bank of England’s interest rate hikes continue to pile pain on mortgage holders and weigh on the housing market. House prices in the capital have fallen 4.8 per cent over the last year, the biggest fall of any region in cash terms at an average of [...]