Andrew Bailey, Christine Lagarde and Jerome Powell warn inflation fight not yet done June 28, 2023 Andrew Bailey and the cream of the global central banking crop today warned they may need to keep heaping pressure on the global economy before they can declare victory over high inflation. Speaking at the European Central Bank’s (ECB) annual monetary policy conference in Sintra, Portugal, the chiefs of the Bank of England, Federal Reserve [...]
NHS bosses urged to ‘get a grip’ as report finds health service falling behind peers June 26, 2023 NHS leaders have been urged to “get a grip on budgets” as researchers suggested Britain’s health service was falling behind comparable nations. Health think tank the King’s Fund found the UK had “below-average health spending per person” and “lags behind other countries in its capital investment”. And hospitals have “substantially fewer key physical resources” like [...]
What we were able to change with the Financial Services and Markets Bill – part one June 26, 2023 In the first of a three part series, Lord Holmes of Richmond highlights improvements to the Financial Services and Markets Bill.
Wall Street drifts after Bank of England hikes interest rates again June 23, 2023 Stocks drifted to a mixed finish on Wall Street on Thursday as central banks around the world keep cranking interest rates higher in their fight against inflation. The S&P 500 rose 16.20 points, or 0.4per cent , to 4,381.89, even though the majority of stocks fell. A rebound for technology stocks helped to overshadow losses [...]
FTSE 100 close: Bank of England interest hike piles more pain on markets June 22, 2023 The much scrutinised Bank of England’s interest rate hike by half a point to five percentage points today, piled the pressure on London markets. London opened far lower in anticipation of the rate hike and continued in the red following the announcement, which marked the 13th straight rise from the bank and took interest rates [...]
The Notebook: Kate Willard on how building connections is the key to business June 22, 2023 The notebook is a place where interesting people say interesting things. Today it’s Kate Willard, envoy for the Thames Estuary. The best partnerships are forged in person Ploughing through three feet of snow through downtown Detroit one bitterly cold February morning wasn’t perhaps the classic route to a new world of business opportunity. For one [...]
Oil prices rebound as the Fed commits to inflation battle June 22, 2023 Oil prices are rising amid a sustained hawkish approach from the Federal Reserve raising hopes of an economic revival in the US.
Barriers to business require urgent action from government June 21, 2023 Per the business secretary, Britain’s trade problem is that we don’t think we can. Apparently our ‘sardonic’ sense of humour holds us back from sailing the seven seas like mercantile Brits of old. Even by the standards of recent years, it’s an absurd statement. It sums up a wider dereliction of duty in Westminster towards [...]
Bank of England to raise interest rates for 13th time in a row this week to tame persistent inflation June 19, 2023 The Bank of England is nailed on to raise interest rates for the thirteenth meeting in a row this Thursday, but markets think there’s an outside chance Governor Andrew Bailey and co will revert to an outsized rise to tame what is emerging as the worst inflation problem in the rich world. Markets reckon the [...]
Farmers set for public funds to drive UK’s nature recovery June 19, 2023 Farmers will gain fresh access to public funds to invest in restoring nature, as the government targets the recovery of lost natural habitats.