Britain to narrowly avoid recession – but meagre growth will make it ‘feel a lot like one’ anyway September 6, 2023 Britain will narrowly avoid a recession this year – but people and businesses will still feel the pain akin to the 2008 financial crash, according to an influential business network. The UK economy is on course to eke out growth of 0.4 per cent over 2023, the British Chambers of Commerce (BCC) predicted in its [...]
Rising rates will see wealthy receive £60bn in savings windfall, analysis shows September 6, 2023 Rising interest rates will create a windfall for the wealthy, new analysis shows, with household savings accumulating tens of millions more than in recent years.
Chancellor to set out Autumn Statement on November 22 September 5, 2023 Jeremy Hunt will set out an Autumn Statement on November 22, the Chancellor has told MPs.
The Notebook: Victoria Scholar on the economy, Ryanair, and Spoons September 5, 2023 Do you want the good news or the bad news first? I’ll start with the good.
Haldane: Bank of England printed money for too long, and recession’s 50:50 September 4, 2023 Bank of England's former chief economist says Bank persisted 'too long' with quantitative easing - helping to fuel inflation
Bank unlikely to pause rate hikes despite 28,000 insolvencies forecast for 2024 September 4, 2023 Over 28,000 firms could go under next year due to the burden of higher interest rates, a top think tank has warned.
Exclusive: Women’s rugby set for invitational Champions Cup final September 4, 2023 This year’s Champions Cup rugby finals weekend is set to include an invitational women’s fixture for the first time as European chiefs look to take advantage of the growth in the game, City A.M. can reveal. Gloucester-Hartpury, champions of England, and Stade Bordelais, champions of France, could play each other under plans proposed by European [...]
Bank of England to leave interest rates higher for longer as inflation becomes embedded September 3, 2023 Economists are warning that interest rates will have to stay higher for longer as inflation remains persistently above the Bank of England’s two per cent target. Although the headline rate of inflation in the UK is starting to fall, core inflation increased month-on-month in July indicating that inflation is becoming increasingly embedded in the UK [...]
Vistry, Barratt and Berkley: Housebuilders to report as investors nervous on rates, mortgages and rule changes September 1, 2023 After their shares soared on the Government’s decision to relax environmental rules, three housebuilders are preparing to update shareholders next week. Vistry, Barratt Developments and Berkeley Group will all update shareholders during the week, as nervous investors will be looking for more indications of what is happening in the mortgage market. Vistry has already said [...]
FTSE 100 close: London ends week flat after house price slump and US payroll figures September 1, 2023 London's FTSE 100 index started Friday in the green on a quiet results day, as investors look to US payroll figures after lunch for signals of more rate hikes.