Bank of England cuts interest rates but warns Budget will stoke inflation November 7, 2024 The Bank of England's rate decision comes just a week after the Budget.
Taylor Wimpey: Higher demand buoys sales as firm preps for planning reform November 7, 2024 After a tough start to the year, Taylor Wimpey has reported signs of improving customer demand as mortgage rates fall and affordability pressures ease. The housebuilder said it remained on track to deliver UK volumes in line with previous guidance of 9,500 to 10,000 homes and operating profit consistent with current market expectations. In the [...]
Bank of England and Fed to cut interest rates despite fiscal fears November 6, 2024 The Bank held rates at its last meeting in September, but signalled that further cuts were on the way if there continued to be progress on inflation.
Housebuilding woes ahead of Budget weigh on construction activity November 6, 2024 Having reached a 29-month high in September, S&P's construction purchasing managers' index (PMI) "slowed considerably" last month.
Column: The challenges facing Kemi Badenoch… November 6, 2024 Politicians, the public often decry, lack real-world experience. Whether it be running a business, working in healthcare, serving in the armed forces, anything that demonstrates their ‘feet on the ground’ credentials is a plus. It covers parents too. Just look at Keir Starmer’s oft-touted “toolmaker father”; Rishi Sunak, the “son of a pharmacist; and even [...]
Why the Budget complicates life for the Bank of England November 5, 2024 Just when it seemed that inflation was finally coming under control, the government has announced a big increase in public spending.
Reeves should be ‘thankful’ for avoiding Truss-style market crisis, analysts say November 4, 2024 Rachel Reeves should be “thankful” for avoiding the same fate as Liz Truss after the government's inaugural Budget triggered turmoil in the gilt market last week, analysts have said.
Bank of England set to lower interest rates as Budget dampens bets for 2025 November 3, 2024 The Bank of England is expected to lower interest rates this week, while markets are betting on fewer cuts next year after forecasts suggested the new government's first Budget will push up inflation.
Tax burden to rise to historic highs after Labour’s first Budget, OBR says October 30, 2024 "This budget delivers one of the largest increases in spending, tax and borrowing of any fiscal event in history," Richard Hughes, chair of the OBR said following the Budget.
Autumn Budget 2024: All the key announcements October 30, 2024 After weeks of speculation, Rachel Reeves has delivered her first Budget as Chancellor to the House of Commons. The Budget was the first from a Labour government in 14 years and the first one ever by a female Chancellor. The 77-minute address to MPs featured a wide range of announcements which City AM has summarized [...]