Bank of England’s Mann signals support for interest rate hike after warning on ‘inflation persistence’ September 11, 2023 Speaking at the Canadian Association for Business Economics, Mann said "the risk of tightening too little is more salient" than tightening too much.
Pension bosses under fire for ‘overconfident’ account of Truss-triggered LDI crisis September 11, 2023 Pension bosses have come under fire from experts today after giving an “overconfident” assessment of their role in tackling the crisis that engulfed the sector in the wake of Liz Truss’s disastrous mini-budget last year.
Jeremy Hunt: No tax cuts on the cards before next general election September 11, 2023 Jeremy Hunt has hinted that tax cuts are unlikely to be on offer before the next general election after warning that inflation had proved “stickier than was forecast”. The Chancellor told Bloomberg that he did not expect to have more fiscal headroom at the Autumn Statement — compared with the spring Budget — and “debt [...]
City regulators urged to review Hong Kong’s ties to the London Metal Exchange September 11, 2023 City regulators must scrutinise the Hong Kong government's ties to the London Metal Exchange following China’s breaches of human rights and diplomatic agreements with the UK, a human rights group has demanded.
Labour market beginning to slow in boost for Bank of England September 11, 2023 The labour market is beginning to slow down as rising interest rates take their toll on hiring activity, new data out today shows.
Recession: Experts divided on whether UK economy will avoid dreaded R word September 11, 2023 The UK economy has avoided a recession so far this year, to the surprise of many analysts, but that does not mean it is out of the woods yet.
England complete ODI rescue mission as Livingstone shines September 10, 2023 England recovered from a sloppy start with the bat yesterday to beat New Zealand by 79 runs in Southampton as Liam Livingstone starred at the crease. Jos Buttler’s side fell to 8-3 and 55-5 inside 13 overs with Jonny Bairstow, Harry Brook, Joe Root and Ben Stokes dispatched for six, two, zero and one respectively. [...]
Rugby World Cup: Takeaways after England beat Argentina September 10, 2023 Some have dubbed it the “Miracle of Marseille”; for others it was the minimum England needed to show. But in Saturday night’s 27-10 win over Argentina in their opening match of the Rugby World Cup only one thing mattered: the result. It had been a long time coming and in the south of France England [...]
FTSE 100 live: London rallies at end of week after mixed bag for European and US markets September 8, 2023 The FTSE 100 rallied at the end of the week to finish up by half a percent, after a mixed bag in Europe and US markets weighed down sentiment earlier on. London’s premier bluechip index was at 7,478.19 points by close, finishing 0.49 per cent up after hovering between being under marginally up and down [...]
Berkeley: Housebuilder warns of plummeting sales value amid property market volatility September 8, 2023 Berkeley has warned its value of private sales reservations has fallen 35 per cent on last year, reflecting the challenges facing the housing market. The housebuilder said the drop echoed the “elevated macroeconomic and political volatility”. It comes after house prices in August were revealed to be 4.6 per cent lower than the same month [...]