Ring-fencing row puts Reeves in midst of Bank of England and City June 25, 2025 Rachel Reeves has found herself in the crosshairs of City chiefs and the Bank of England as she weighs whether to scrap ring-fencing rules. The Chancellor is facing pressure to rip up the rules imposed on British lenders after top banking chiefs branded the system “redundant”. Reeves said she is “open-minded” to ditching the 15-year-old [...]
Graduate jobs at ‘weakest level since 2018’ as Reeves’ taxes rattle firms June 25, 2025 Graduate jobs are now at their “weakest level since at least 2018”, fresh data has suggested, as Chancellor Reeves’ tax hikes on employers have made bosses avoid hiring junior workers. The UK government has made job creation a crucial part of its efforts to grow the economy and improve living standards for Brits after years [...]
Industrial strategy shows Labour has a long-term plan for growth June 25, 2025 One year into office, the Labour government faces a challenging economic landscape, but its new industrial strategy signals a serious, long-term commitment to addressing the UK’s productivity issues and unlocking economic growth through stronger partnerships with the private sector, says Claire Ainsley Next week will be one year of the Labour government, and it just [...]
Falling wage growth could usher interest rate cuts, Andrew Bailey suggests June 24, 2025 Bank of England Governor Andrew Bailey suggested interest rate cuts would be warranted as pay growth was set to decline in the coming months.
ONS appoints Bank of England data exec as new chief June 24, 2025 The Office for National Statistics (ONS) has appointed a Bank of England executive as its new director general at a time when the independent body is losing trust over its poor handling of key data. James Benford, who served as the Bank’s chief data officer and oversaw analytics, will join the ONS in early August [...]
Inflation ‘plateau’ could keep interest rates higher, Bank hawk warns June 24, 2025 Bank of England officials may avoid cutting interest rates as worries inflation will remain above three per cent over the coming months leave policymakers in an “uncomfortable place”, a Monetary Policy Committee member has warned. Speaking at an event hosted by the National Institute of Economic and Social Research, external member Megan Greene said the [...]
Don’t panic: What’s behind markets’ Iran-Israel indifference? June 23, 2025 Commentators have warned that an escalation in the Iran-Israel conflict could set off a chain of events that leads to the outbreak of World War 3. But markets have reacted as if the exchange of air attacks have barely happened at all. Ali Lyon digs into a puzzling few days of equities and oil trading. [...]
Fraud litigation surges in UK as businesses fight back June 23, 2025 The number of fraud claims issued to the High Court has increased as 'fraud in society' has surged, forcing British businesses to fight back
Chinese ‘super-embassy’ by Tower of London nears approval June 22, 2025 A Chinese mega-embassy near the Tower of London is set to be approved by ministers within weeks. The Planning Inspectorate, which decides on major infrastructure projects, has given the scheme the go-ahead in a report sent to Angela Rayner just under a fortnight ago, the Sunday Times reported. It is expected to be formally approved [...]
Most expensive sports teams: How Lakers, Celtics, Commanders and Chelsea smashed records June 21, 2025 Mark Walter’s planned takeover of the LA Lakers is poised to set a new record for the most expensive sports team sale, continuing the boom in the franchise market. Walter, who majority owns the LA Dodgers and is a part-owner of Chelsea, has agreed to increase his stake in the Lakers to a controlling one [...]