Bank of England’s Mann signals support for interest rate hike after warning on ‘inflation persistence’ September 11, 2023 Speaking at the Canadian Association for Business Economics, Mann said "the risk of tightening too little is more salient" than tightening too much.
Jeremy Hunt: No tax cuts on the cards before next general election September 11, 2023 Jeremy Hunt has hinted that tax cuts are unlikely to be on offer before the next general election after warning that inflation had proved “stickier than was forecast”. The Chancellor told Bloomberg that he did not expect to have more fiscal headroom at the Autumn Statement — compared with the spring Budget — and “debt [...]
Rishi Sunak dodges commitment to pensions ‘triple lock’ in Tory manifesto September 11, 2023 Rishi Sunak has dodged a commitment to include the pensions ‘triple lock’ in the next Tory election manifesto. The Prime Minister now risks a backlash from his own MPs who will worry about turning off older voters in the general election. It comes amid reports ministers could consider a cut to benefits ahead of voters [...]
Could Argentina be next to adopt Bitcoin as legal tender? September 11, 2023 Nigel Green casts an eye over Argentina's financial situation and believes the nation has a strong case for adopting Bitcoin.
FTSE 100 close: London markets given a lift as hopes rise for Chinese recovery September 11, 2023 A return to inflation will be welcomed by policymakers in the Chinese communist party, who are attempting to reignite growth in China's stumbling economy.
Labour market beginning to slow in boost for Bank of England September 11, 2023 The labour market is beginning to slow down as rising interest rates take their toll on hiring activity, new data out today shows.
Recession: Experts divided on whether UK economy will avoid dreaded R word September 11, 2023 The UK economy has avoided a recession so far this year, to the surprise of many analysts, but that does not mean it is out of the woods yet.
Qatari’s £4bn climate tech plans shows UK’s appeal – but there’s more to do, think tank warns September 11, 2023 A £4bn Qatari splurge on UK climate tech could boost the UK’s green ambitions, but Sunak must get the policy right, a think tank has warned.
‘If Elon Musk was born a Brit he wouldn’t have raised a penny’: Why Tevva Motors is shunning the UK for the US September 11, 2023 The executive chair of electric truck supplier Tevva Motors has bemoaned London markets as “risk averse" as the firm heads across the pond.
Vodafone boss: Social media’s a good thing – it tells us what’s happening September 11, 2023 Vodafone's UK boss on immediate feedback, the merger with Three, and his cycling summer holiday