Budget will force majority of firms to hike prices, survey suggests January 8, 2025 A majority of businesses will lift prices in the next six months due to the government's national insurance hike, a new survey suggests.
Resurgent inflation fears drive global sell-off in government debt January 8, 2025 Government bonds suffered a major sell-off on Tuesday as fears about the potential persistence of inflation continued to build.
UK hotel sector warns on inflation despite pre-Christmas boost January 8, 2025 Occupancy rates at UK hotels rose last November in a pre-Christmas boost, but higher prices have again raised fears about inflation. The average occupancy rate of UK hotels rose from 76.6 per cent to 79.1 per cent in November year-on-year, while London also saw an increase from 79.6 per cent to 82.8 per cent in [...]
We’re only building 100,000 new homes a year – that’s nowhere near enough January 8, 2025 High interest rates and slow planning processes mean new home delivery has likely fallen to just 100,000 in the last 12 months. We need to be building four times that many a year to fulfil our moral duty of getting people on the housing ladder, says Brandon Lewis We need to build more homes. It [...]
UK long-term borrowing costs hit highest level since 1998 January 7, 2025 The price of long-term government debt jumped to its highest level since 1998 on Tuesday as investors grew nervy about the UK’s economic prospects. The yield on the 30-year gilt, which reflects the price of government borrowing, hit 5.28 per cent on Tuesday in the wake of an gilt auction conducted by the Debt Management [...]
Eurozone inflation increases amid debate over pace of interest rate cuts January 7, 2025 'Flash' figures from Eurostat show that the headline rate of inflation increased to 2.4 per cent last month, up from 2.2 per cent the month before.
Keir Starmer less popular among UK voters than Donald Trump January 7, 2025 Keir Starmer is less popular among UK voters than Donald Trump, according to new polling. The first of a new monthly City AM/Freshwater Strategy poll found the Prime Minister had the lowest approval of all figures tested, with a majority of voters having an unfavourable view. Starmer has the lowest net approval rating of -36 [...]
Next: FTSE 100 retailer hikes profit guidance but warns on costs January 7, 2025 Retail industry bellwether Next has upgraded its profit outlook for the year after sales and growth exceeded expectations during the Golden Quarter. The FTSE 100 company hiked its expected profit by five per cent as sales jumped six per cent in the nine weeks to 28 December, nearly double its previous guidance of 3.5 per cent. [...]
Profit stalls at iconic motorcycle maker Triumph January 7, 2025 Profit has stalled at iconic motorcycle brand Triumph as an economic downturn in China and a fall in the value of sterling impacted its sales. The Derbyshire-headquartered business, which is owned by billionaire John Bloor, has reported a pre-tax profit of £72.6m for the year to 30 June, 2024, up slightly from the £72.3m it [...]
Porsche 911 Carrera 2025 review: Sensible sports car still sparkles January 7, 2025 For 40 years, the entry-level Porsche 911 has been called ‘Carrera’. Back in 1984, a 911 3.2 Carrera developed 231hp, accelerated to 62mph in 5.6 seconds and cost £31,950. For comparison, the new 911 Carrera driven here serves up 394hp, blasts to 62mph in 3.9 seconds and has a list price of £99,800. According to [...]