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.
How to fix the Bank of England: Economists have their say November 28, 2023 A stinging report has left the Bank of England in the spotlight - again. We asked the best and brightest how to turn the Old Lady around.
Metro Bank shareholders back rescue plan as lender reiterates branch commitment November 27, 2023 The deal was approved by over 90 per cent of shareholders, even though it will dilute their shareholding substantially.
Andrew Bailey concerned by UK’s lower ‘potential growth rates’ due to supply constraints November 27, 2023 Andrew Bailey, governor of the Bank of England, said the UK's worst performance on the supply side in recent years "concerns me a lot" as he warned that rates would not be cut any time soon.
Moving markets: What’s shaping the FTSE 100 today November 27, 2023 The FTSE 100 enjoyed a positive finish to the week - here's what's moving markets this Monday morning as trading begins
Bank of England to give UK GDP a ‘modest’ upgrade after Autumn Statement, analyst claims November 27, 2023 In last week's fiscal event, Chancellor Jeremy Hunt unveiled a fiscal loosening worth £18bn, the majority of which came from tax cuts.
Bank of England needs ‘pruning’ to deliver: Influential Lords Committee November 27, 2023 The Bank of England needs to face more Parliamentary scrutiny and have its remit "pruned" to ensure that independence works as effectively as possible, a new report argues.
Mortgage rates won’t dip below four per cent this year, experts say November 26, 2023 Mortgage rates are unlikely to dip below four per cent before the end of this year, industry experts told City A.M.
The Bank of England must put privacy and innovation at the heart of the digital pound November 25, 2023 Without being forward thinking, the Bank of England will fail to position the UK as the global hub for digital assets, says Varun Patel.
KPMG: Big four firm to freeze pay for 12,000 jobs as services slowdown continues November 24, 2023 Big four firm KPMG has announced it will freeze the pay of 12,000 staff, as the services sector continues to be hit by a major slowdown. The freeze was first reported by the FT, with staff only getting a pay boost if they get a formal promotion, ahead of the Christmas break. Partners at KPMG [...]