Jupiter warns of ‘challenging’ landscape as assets fall and outflows tick up October 17, 2023 Funds group Jupiter warned economic uncertainty was continuing to weigh on investors’ appetite today as it reported a dip in its managed assets in the third quarter of the year.
Wage growth ‘past its peak’ in boost for Bank of England’s attempts to contain inflation October 17, 2023 The rate of pay rises slowed from record levels in a boost for the Bank of England, but remained at elevated levels, official figures show. According to figures from the Office for National Statistics (ONS), average wage growth excluding bonuses was 7.8 per cent between June and August, down slightly from last month and in [...]
Higher debt interest payments means government will have ‘no room’ for tax cuts, IFS says October 17, 2023 The government will have "no room" for tax cuts as rising interest payments and slowing growth puts politicians in an increasingly tight fiscal space, the Institute for Fiscal Studies (IFS) has said.
With no wiggle room to cut or raise taxes, it’s time to sweat the small stuff October 17, 2023 When you have no room to make sweeping cuts, every change to taxes becomes hyper-political - like VAT on private schools or inheritance tax, writes Tim Sarson.
We can’t tax our way to net zero, but we can nudge Brits towards it October 17, 2023 Brits have pushed back against mass spending on net zero, but that doesn't mean minister should throw their arms up and give up on nudging them towards a green transition, writes Laura Hinton
Gold prices slide as investors await further clues in volatile markets October 16, 2023 Gold prices dipped in today's trading as investors braced for future market signals amid the ongoing Israel-Hamas war.
UK law firms see billable hours fall as sector struggles with inflation October 16, 2023 The UK’s biggest law firms are concerned by a fall in billable hours this year as they struggle to cover cost pressures from inflation through pricing, according to a survey obtained by the Financial Times. PwC’s annual law firm survey, which City A.M. understands will be published on Tuesday, reportedly notes a slowdown in mergers [...]
FTSE 100 close: London markets lifted by higher oil and gas prices October 16, 2023 Geopolitical uncertainty has impacted markets over the past week.
Bank of England’s Huw Pill: Interest rates must remain high to tackle ‘persistent’ inflation October 16, 2023 Markets doubt whether a further rate hike will be necessary, but Pill reiterated that the Bank "still has some work to do in order to get back to two per cent".
Trump wants to give evidence in London court over ‘Steele dossier’ October 16, 2023 Donald Trump wants to give evidence in a London court to attempt to prove claims Russia supported his 2016 election campaign are false, the former US president’s lawyers said on Monday as he tried to continue his case against a British private investigations firm. Trump, front-runner for the 2024 Republican presidential nomination, is suing Orbis [...]