Interest rates nearing peak as inflation set for ‘quite marked’ fall this year, Bailey says September 6, 2023 The Bank of England is nearing the end of its monetary tightening cycle, the Bank's governor suggested today, adding that there will be a "quite marked" fall in inflation by the end of the year.
Rachel Reeves preferred to Jeremy Hunt for Chancellor by voters, poll finds September 6, 2023 Pollsters found 21 per cent of the public opted for Reeves, versus just 14 per cent for the former health secretary.
Barratt Developments: Housebuilder blames mortgage misery for plummeting profits September 6, 2023 The number of homes the company built also declined 3.9 per cent during the term to 17,206, as a series of interest rate hikes by the Bank of England made buyers cautious.
Britain to narrowly avoid recession – but meagre growth will make it ‘feel a lot like one’ anyway September 6, 2023 Britain will narrowly avoid a recession this year – but people and businesses will still feel the pain akin to the 2008 financial crash, according to an influential business network. The UK economy is on course to eke out growth of 0.4 per cent over 2023, the British Chambers of Commerce (BCC) predicted in its [...]
Rising rates will see wealthy receive £60bn in savings windfall, analysis shows September 6, 2023 Rising interest rates will create a windfall for the wealthy, new analysis shows, with household savings accumulating tens of millions more than in recent years.
Chancellor to set out Autumn Statement on November 22 September 5, 2023 Jeremy Hunt will set out an Autumn Statement on November 22, the Chancellor has told MPs.
The Notebook: Victoria Scholar on the economy, Ryanair, and Spoons September 5, 2023 Do you want the good news or the bad news first? I’ll start with the good.
Haldane: Bank of England printed money for too long, and recession’s 50:50 September 4, 2023 Bank of England's former chief economist says Bank persisted 'too long' with quantitative easing - helping to fuel inflation
Bank unlikely to pause rate hikes despite 28,000 insolvencies forecast for 2024 September 4, 2023 Over 28,000 firms could go under next year due to the burden of higher interest rates, a top think tank has warned.
Exclusive: Women’s rugby set for invitational Champions Cup final September 4, 2023 This year’s Champions Cup rugby finals weekend is set to include an invitational women’s fixture for the first time as European chiefs look to take advantage of the growth in the game, City A.M. can reveal. Gloucester-Hartpury, champions of England, and Stade Bordelais, champions of France, could play each other under plans proposed by European [...]