ECB cuts interest rates again as inflation continues to ease September 12, 2024 Despite the cut, interest rates remain in restrictive territory in the eurozone, meaning monetary policy is still bearing down on inflation and slowing growth.
Bank of England makes ‘substantial amendments’ to proposed banking overhaul September 12, 2024 "The bottom line is that we have made substantial amendments to our proposals in response to consultation feedback and evidence," Phil Evans, director of prudential policy, said in a speech published on Thursday.
Wage growth slows ‘markedly’ in a boost for the Bank of England September 10, 2024 Strong wage growth has been a concern for policymakers at the Bank of England due to fears that it could keep cost pressures elevated, particularly in the labour-intensive services sector.
Pay pressures continue to ease in weakening labour market, survey shows September 9, 2024 Neil Carberry, chief executive of the REC said, weaker pay growth should "reassure" the Bank that its decision to cut interest rates last month was "the right call".
‘Heavy discounting’ sparks new electric car sales surge September 5, 2024 New electric vehicle (EV) registrations jumped in August as “heavy discounting” by manufacturers and a raft of new models tempted consumers to make the switch. The latest figures from the Society of Motor Manufacturers and Traders (SMMT) reveal a 10.8 per cent increase in battery electric vehicle (BEV) registrations in the last month. BEVs now [...]
UK retail sales ticked up in August in a summertime boost September 3, 2024 UK retail sales ticked up in August, according to fresh data, after consumer confidence was boosted by good weather.
Uptick in money laundering cases reaching UK courts, KPMG data shows August 28, 2024 There has been an increase in money laundering cases being heard in front of the Crown Courts across the country, despite the backlog in the criminal justice system
What will Labour do about green taxes? August 27, 2024 With net zero a key plank of the new government’s agenda, what can we expect on environmental taxes in the Budget? Asks Sharon Baynham We have a £22bn black hole in the public finances. Who knew! Well, anyone who dared to look according to the Institute for Fiscal Studies. The blame game has already started [...]
KPMG wins £223m UK government contract despite drive to cut spend on consultants August 26, 2024 The UK government has awarded KPMG a contract worth up to £223m to train civil servants despite promising to slash the amount the state spends on external consultants.
Ofgem’s energy price cap to increase by 10 per cent from October August 23, 2024 Households will pay £12 a month more for their gas and electricity bills starting in October after Ofgem announced it would lift its price cap. The energy price cap for the final quarter of 2024 will rise 10 per cent to £1,717 for a typical household in the UK, the energy regulator confirmed today. That [...]