JP Morgan: UK policy credibility ‘coming under pressure’ January 14, 2025 Gilt yields, which reflect the cost of government borrowing, have increased significantly in recent weeks.
UK gilt auction oversubscribed as investors buy through market turmoil January 14, 2025 The auction comes ahead of crucial inflation data tomorrow.
Persimmon: FTSE 100 builder reaps benefit of higher house prices January 14, 2025 In a trading statement covering 2024, the firm delivered a total of 10,664 homes, up seven per cent on the previous year and slightly ahead of market expectations.
Don’t lose faith on UK interest rate cuts just yet January 14, 2025 What should we make of the outlook for inflation ahead of Wednesday's figures?
Pound sterling suffers as traders pare bets on Fed rate cuts January 13, 2025 The sell-off comes after a bruising week for UK assets last week, with sterling falling over three per cent and gilt yields picking up to the highest levels in decades.
Tax hikes on the cards as Rachel Reeves tries to save her fiscal rules January 13, 2025 “Public services now need to live within their means,” Rachel Reeves told a room full of business leaders at the CBI’s annual summit in November, “because I’m really clear, I’m not coming back with more borrowing or more taxes.” The Chancellor’s comments were designed to strike a reassuring tone to the private sector and settle [...]
UK CFOs set to cut hiring and slash investment following Budget January 13, 2025 Finance chiefs at UK businesses are focused on cutting costs in the wake of the Budget, with investment and hiring set to suffer as a result. Over half (52 per cent) of CFOs surveyed by Deloitte said cost reduction was a strong priority for their business in the wake of the Chancellor’s tax raid. The [...]
UK housebuilders to shed light on property market amid Government targets January 12, 2025 Some of the UK’s biggest housebuilders will say whether demand is picking up in the property market after a prolonged slump, as the Government prepares to overhaul planning rules. London-listed construction groups Persimmon, Vistry and Taylor Wimpey will all provide trading updates next week. Persimmon, which will give an update on its fourth-quarter trading on [...]
Half of people with housing costs ‘starting 2025 worried about home or finances’ January 11, 2025 The Advertising Standards Authority (ASA) upheld two complaints about the video, one saying it glamorised smoking and another about it not being clearly marked as an “ad”.
Rachel Reeves says fiscal rules ‘non-negotiable’ during bid to boost ties with China January 11, 2025 Rachel Reeves vowed to stand by her “non-negotiable” fiscal rules, as her mission to China was overshadowed by further turbulence in the gilt markets. Visiting bicycle-maker Brompton’s flagship Beijing store on Saturday, the Chancellor declined to give a running commentary on the financial markets in the UK, but said the rules she set for herself [...]