Reeves told to improve investment incentives by industry bosses February 19, 2025 Rachel Reeves has been told by top global financial firms she needs to ease investment taxes, sources told Reuters. In a meeting with executives from JPMorgan, BlackRock, Goldman Sachs, Morgan Stanley, Citi, Fidelity, Schroders and abrdn on Wednesday, Reeves was told to improve tax incentives for UK consumers. The latest summit in Reeves’ bid for [...]
How will inflation impact Bank of England interest rate decisions February 19, 2025 The first inflation figures of the year confirmed what many had already known: Inflation will rise significantly in 2025.
Growth is now near impossible. Here are 7 pleas for Reeves’ Spring Budget February 19, 2025 Growth is impossible if we continue on as we are but the Spring Budget is a chance for change, writes Steve Rigby.
Reeves calls in top investment bankers for growth talks February 18, 2025 Rachel Reeves’ mission for growth continues with a fresh round of talks with top investment bankers and asset managers this week. Executives from Abrdn, BlackRock, Citi, Goldman Sachs, JP Morgan, Morgan Stanley and Schroders are set to meet with the Chancellor on Wednesday morning, according to Sky News’ Mark Kleinman. This marks the latest in [...]
GDP grows 0.1 per cent as UK economy skirts recession February 13, 2025 Chancellor Rachel Reeves received a small boost after the economy unexpectedly grew at the end of last year, ensuring the UK does not face an imminent recession. Output expanded 0.1 per cent in the final three months of the year, according to the Office for National Statistics (ONS), after GDP rose 0.4 per cent in [...]
Is Rachel Reeves heading for her own black Wednesday moment? February 13, 2025 If the OBR downgrades growth forecasts and the Chancellor breaks one of her own fiscal rules, it could be the beginning of the end for Rachel Reeves just as Black Wednesday was for Norman Lamont and the Major government, says Malcom Gooderham Within months of winning the 1992 general election John Major’s administration suffered a [...]
BoE’s Greene backs ‘cautious’ interest rate cuts despite ‘uncomfortable’ growth performance February 12, 2025 A rate-setter at the Bank of England backed a “cautious” approach to cutting interest rates despite the “uncomfortable” recent performance of the economy. “The macroeconomic news over recent months has been uncomfortable,” Megan Greene, an external member of the Monetary Policy Committee (MPC) said. “GDP has roughly flatlined since Spring of last year and expectations [...]
Week in Business: Growth hammer blow means Reeves must change course February 7, 2025 If the Chancellor was still on a high from last week’s big growth-focused speech, the Bank of England has just pulled her back down to earth and, for good measure, poured a bucket of cold water over her. This is a time for hard truths and none harder than the hammer-blow fact that the Bank [...]
House prices hit record high in January ahead of stamp duty deadline February 7, 2025 According to new data, the average UK house price hit a record high of £299,138 in January ahead of the loss of first-time buyer stamp duty relief in April. House prices rose 0.7 per month on month and three per cent year on year, with London retaining the highest average house price in the UK [...]
Is Reeves heading for a fiscal car crash? February 6, 2025 Rachel Reeves has a deep respect for officialdom and institutions and was aghast at the way Liz Truss simply ignored the Office for Budget Responsibility when putting together her doomed ‘mini Budget.’ Cast your mind back to the early days of the Truss administration (which, as it turned out, weren’t very far from the final [...]