Markets doubt Bank of England’s cautious approach to interest rates September 30, 2024 The Bank of England held interest rates at five per cent last week, having cut rates for the first time since the pandemic back in August.
Adzuna: UK job-seekers face toughest market in three years September 30, 2024 Tony Wilson, director at the Institute for Employment Studies, said the figures would be a "bit disappointing" for those who had been looking for "greener shoots" in the labour market.
Clearbank eyes flurry of new products amid ‘huge demand’ for fintech September 30, 2024 ClearBank is eyeing up a string of new business lines after hitting profitability and taking its first steps towards international expansion.
Mervyn King warns against government changing way it measures debt September 29, 2024 Mervyn King has warned Rachel Reeves against altering how the government defines its debt in the upcoming Budget, and called for the fiscal rules to be assessed by parliamentary term. Speaking in an interview on BBC Radio Four’s Broadcasting House, the former governor of the Bank of England said that the way the government polices [...]
Harland & Wolff: Titanic shipbuilder calls in administrators September 27, 2024 Historic Titanic shipbuilder Harland and Wolff has called in administrators and said it was preparing to cut jobs today after falling into insolvency for the second time in five years. The administration process is confined to the 162-year-old holding company while its subsidiary firms, including its prized Belfast shipyard, will continue to trade under the [...]
Rising buyer confidence boosts UK residential property market September 27, 2024 HMRC data shows that residential property transactions increased due to buyer confience and more mortgage options
Ex-Bank of England chief economist warns on Labour’s non-dom crackdown September 26, 2024 Speaking on LBC, Andy Haldane warned that the government's measures might give overseas investors "cause for pause" before setting up businesses in the UK.
Bank of England mulls ‘further steps’ to boost City’s global competitiveness September 26, 2024 The UK's banking regulator is mulling "further steps" to boost the City's international competitiveness as one of its top brass hailed a "broadly welcoming" response to its softening of bank capital rules.
The Capitalist: Labour’s no-Party Conference; Rightmove’s drama Down Under; R.I.P. our dots September 26, 2024 Dispatches from Labour Party Conference, Rightmove's hopping executives, and more: catch up on the latest City gossip in The Capitalist.
Pound’s strength against the dollar risks ‘damage’ to UK’s competitiveness September 25, 2024 The pound reaching its highest level in over two years against the dollar risks damaging the international competitiveness of the UK, City analysts have warned. Sterling now sits at $1.34, its highest since February 2022 and far from its low point of $1.03 in the days after Liz Truss’ mini budget. However, while the strength [...]