Surprise fall in inflation leaves Bank of England rates decision on knife-edge September 20, 2023 Inflation fell unexpectedly in August as falling food inflation helped offset rising energy costs, official data out today shows. According to figures from the Office for National Statistics (ONS) the consumer price index (CPI) came in at 6.7 per cent in August, down marginally from 6.8 per cent in July and lower than the roughly [...]
Pay growth slows again even as public sector awards hit record annual levels September 20, 2023 "This month’s data reinforces the XpertHR view that we have reached the peak of higher pay awards, and for the remainder of the year we can expect settlements and increases in pay to slowly begin to fall," Sheila Attwood, XpertHR senior content manager, said.
The Notebook: Neil Bennett on why the ONS needs a shake-up, why the CBI’s future is shaky once more, and a new history of the Barclay Brothers September 20, 2023 The ONS is in need of a shake-up When I became a CEO some 13 years ago, I was taught one rule very quickly; hit your forecasts. Boards and bosses can be quite forgiving on many fronts, but if you don’t deliver the numbers without a really good reason, it quickly becomes a career terminating [...]
London house prices are falling – these are the boroughs where prices are down the most September 19, 2023 London’s housing market is gearing up for “key selling season” with a reduction in prices, before an uptick in activity is anticipated during the autumn months. Fresh data in Rightmove’s House Price Index shows there has been an overall monthly seller asking price rise by 0.4 per cent this month, which is 0.2 percent lower [...]
Eurozone inflation revised slightly down – but it’s still twice the ECB’s target September 19, 2023 Eurozone consumer inflation in August was slightly lower than initially estimated, the European Union’s statistics office Eurostat said on Tuesday, but still remained more than twice the European Central Bank’s target. Eurostat said inflation in the 20 countries sharing the euro was 0.5 per cent month-on-month in August and 5.2 per cent year-on-year, lower than [...]
FTSE 100 close: Strong results from Hargreaves Lansdown and Ocado tip index into green September 19, 2023 Strong performances from Hargreaves Lansdown and Ocado helped tip the FTSE 100 into the green despite concerns around inflation.
The Notebook: What Andrew Bailey and Liz Truss have learnt from football managers September 19, 2023 Today editor Andy Silvester on communication problems, the rugby world cup and a new worry for the insurance sector
Liz Truss: Bank of England mandate should be reviewed after inflation failures September 18, 2023 Former Prime Minister Liz Truss reiterated her claim that the Bank of England should have its mandated reviewed due to its failures to get a grip on inflation.
FTSE 100 close: London markets fall as central banks take centre stage again September 18, 2023 Markets were in a watchful mood as traders anticipated decisions from the US Federal Reserve, Bank of England and Bank of Japan later this week.
Interest rates: Three things the Bank will consider for the next rate decision September 18, 2023 The Bank of England's rate-setters will meet next week and they will have no shortage of topics to discuss.