Atom Bank notches first annual pretax profit after jump in mortgage lending June 18, 2024 Atom Bank has become the latest UK digital lender to swing to its first annual profit, with the group benefiting from higher interest rates and a jump in mortgage lending.
Bank of England set for August interest rate cut – but general election means doubts linger June 18, 2024 While the Bank is widely expected to hold rates this week, focus now turns to its August meeting. Chris Dorrell explains that while all signs are pointing towards a cut in just under two months, the outcome is far from certain
FTSE 100 today: London markets to open higher amid firm global cues June 18, 2024 Asian stocks mirrored Wall Street's gains. Focus on US retail sales, Fed officials' speeches, UK inflation, and Bank of England decision.
Cuts, NHS reform and no net zero: Five things we learned from Reform’s manifesto launch June 17, 2024 Nigel Farage positioned Reform as the main opposition force to Labour as he unveiled a manifesto that included big cuts to tax and spending. Here are five things we learnt from the launch.
Rightmove: House prices remain stable despite soaring mortgage rates June 17, 2024 Confidence in the UK housing market has slipped ahead of a general election, despite signs of improvement in recent months.
Big banks hike small business lending for first time in nearly two years as UK economy improves June 17, 2024 Big banks' lending to UK small and medium-sized enterprises (SMEs) has seen its first notable rise for almost two years, according to quarterly data, amid an improving outlook for the domestic economy.
Demand for workers remains strong despite loosening labour market June 17, 2024 "The number of active job adverts remains above 1.7m which shows steady demand for workers despite slow progress in the wider economy," Neil Carberry, chief executive of the REC said.
Renting remains cheaper than buying in UK as mortgage rates soar June 17, 2024 The financial burden is greatest in London, where buying a house costs an additional £775 per month, or £9,300 annually, compared to renting.
National Wealth Fund will help create 650,000 jobs over five years, Reeves says June 17, 2024 Earlier this year the Shadow Chancellor announced the creation of a taskforce of experts to provide advice on crowding in private sector investment.
Who will bang the drum for free enterprise? June 17, 2024 For all their warm words for business, Starmer and Reeves share a bone deep belief that is the state the creates wealth and grows the economy, says Eliot Wilson When the result of a general election seems as certain as the outcome of this one, it is understandable that the private sector proceeds cautiously but [...]