Bank’s Ramsden: ‘More evidence’ needed that inflation has been tamed before rates can go down February 27, 2024 Markets expect the Bank of England to start cutting interest rates in the summer, with three cuts priced in for 2024.
FCA urges Brits to ‘make money work harder’ by shopping around for savings rates February 27, 2024 Banks came under intense pressure from politicians and regulators last year for failing to pass through the Bank of England's rate hikes into savings products.
UK green hydrogen plant plans unveiled by global giant Lhyfe February 27, 2024 Plans for a green hydrogen plant in the North East of England have been unveiled by global giant Lhyfe.
Why high rates affect the UK’s public debt more than other G7 countries February 27, 2024 As the Chancellor comes under pressure to cut taxes in the Spring Budget, he will be forced to consider the surge in the UK's public debt interest costs.
Grocery inflation hits lowest level in two years, but non-food items keep rising February 27, 2024 Shop price inflation or the rate at which these goods increase has slowed to 2.5 per cent in February, marking the lowest level recorded in close to two years. British Retail Consortium’s (BRC) latest reading showed food inflation also slowed to 5.0 per cent this month, down from 6.1 per cent in January and is [...]
Letter to the editor: Brits must break up with banks February 27, 2024 Re: More than £1trn languishing in low-interest savings accounts I’ve always struggled to understand why kids in the UK don’t learn about managing their finances at school.A lack of financial education means lots of millennials have had a long-term, one sided relationship with their bank. They’ve grown up to believe that the right thing to [...]
FTSE 100 today: London markets set for a cautious start following Wall Street slippage February 27, 2024 Asian markets echo Wall Street caution, with the dollar weakening and Bitcoin surpassing $57,000. Japan's core inflation declines. Investors await pivotal inflation data for market insights and investment decisions.
Budding economic recovery set to support sterling in weeks ahead, analysts argue February 26, 2024 A budding economic recovery and a later start to the Bank of England's interest rate cuts will support sterling over the coming weeks.
Britain needs to grow up – and have real conversations about the economy February 26, 2024 The UK’s economic problems clearly run deep, and tax cuts alone will not fix them, argues Julian Jessop
Fed’s preferred inflation measure to show persistent pressure in blow for rate cut hopes February 25, 2024 Persistent inflationary pressures are fuelling fears that the Fed will wait until the summer to start cutting interest rates.