Misery for London retailers as they face £575m business rates bill November 27, 2023 Retail properties in London could be faced with an extra £575.55m in business rates next year as they are not eligible for support measures.
Andrew Bailey concerned by UK’s lower ‘potential growth rates’ due to supply constraints November 27, 2023 Andrew Bailey, governor of the Bank of England, said the UK's worst performance on the supply side in recent years "concerns me a lot" as he warned that rates would not be cut any time soon.
Santander boss says scrapping bonus cap is ‘good news’ for industry November 27, 2023 Santander boss Ana Botín has supported scrapping the bankers' bonus cap in Europe following the UK government's decision to do so in October.
Moving markets: What’s shaping the FTSE 100 today November 27, 2023 The FTSE 100 enjoyed a positive finish to the week - here's what's moving markets this Monday morning as trading begins
Bank of England to give UK GDP a ‘modest’ upgrade after Autumn Statement, analyst claims November 27, 2023 In last week's fiscal event, Chancellor Jeremy Hunt unveiled a fiscal loosening worth £18bn, the majority of which came from tax cuts.
Bank of England needs ‘pruning’ to deliver: Influential Lords Committee November 27, 2023 The Bank of England needs to face more Parliamentary scrutiny and have its remit "pruned" to ensure that independence works as effectively as possible, a new report argues.
Small business lobby calls on Ofgem for more support as winter bites November 27, 2023 The Federation of Small Businesses (FSB) has called on Ofgem to make changes as small businesses are still battling high utility bills despite the fall in October's energy price cap.
Businesses could ‘struggle to afford’ increase in living wage, experts warn November 27, 2023 Last week, the government announced that the National Living Wage will rise by almost 10 per cent next year, from £10.42 to £11.44 an hour.
Mortgage rates won’t dip below four per cent this year, experts say November 26, 2023 Mortgage rates are unlikely to dip below four per cent before the end of this year, industry experts told City A.M.
Central banks to stress higher for longer rates narrative as traders bet on cuts November 26, 2023 A range of prominent central bankers will be speaking this week as markets look for clues on the future path of interest rates.