Mortgage costs slip for first time since May as Bank of England rate bets cool on inflation drop July 20, 2023 Mortgage rates have dropped for the first time in two months, sparked by banks passing on a reduction in interest rate bets after yesterday’s better than feared inflation figures. The average rate on two-year mortgages fell to 6.79 per cent yesterday from 6.81 per cent, according to financial data provider Moneyfacts. It is the first [...]
Sunak and Starmer have both realised just how close they are to an election July 20, 2023 Political cunning and policy gimmicks won't distract voters if their lives haven't improved, Will Cooling writes, on Sunak's war on universities and Starmer's U-turn on the two child welfare cap.
Siesta! As even Sicilian sun-seekers complain, we need to change our working hours July 18, 2023 As a heatwave sweeps across Europe, we should be thinking of the impact these temperatures have on workers and productivity - and adapt before it reaches London too, writes Elena Siniscalco
FCA set for clampdown on ‘wild west’ of social media ‘finfluencers’ July 17, 2023 The FCA is set to target 'finfluencers' and firms flogging financial products online with illegal or misleading adverts.
Plans to shelve buy-now pay-later rules ‘incredibly concerning’, says Which? July 17, 2023 A top campaign group has sounded the alarm today after it emerged that the government is preparing to shelve plans to clampdown on the buy-now pay-later (BNPL) sector.
Easyjet: Can the budget airline quell investors’ fear of strikes and cancellations? July 16, 2023 EasyJet shareholders will be looking ahead with bated breath this week, with the budget airline set to unveil its third quarter trading performance on Thursday. EasyJet shares have plateaued following a flying start to the year, with concerns peaking amid an announcement earlier this week that nearly 2,000 of its flights would be cancelled over [...]
Heathrow: UK-US flights power summer travel surge – but it’s STILL 200,000 behind pre-pandemic levels July 11, 2023 Heathrow Airport reported seven million passengers passed through the hub last month thanks to UK-US flights, a massive uptick on last year but still 200,000 behind pre-pandemic levels. The figure, which comes as airports and airlines are in full swing with summer travel, still falls short of the equivalent month pre-pandemic – but marks a [...]
The FTSE 100 has done us all dirty… again July 11, 2023 The FTSE 100 has done us all dirty yet – again. Over and over it marches us up a hill only to send us back down again. Former Bank of England governor Mark Carney is often referred to as the “unreliable boyfriend” of monetary policy making for his comments signalling he and the MPC would [...]
City Pages: The 10 books that should be on your list this summer July 10, 2023 From classic to contemporary, thriller or Booker prize winner, the City A.M. team picks the 10 top books that should be on your list this summer. 1. Victory City by Salman Rushdie It’s Rushdie, so you know it’s gonna be good, but this is really good. Framed as a translation of a 15th Century Sanskrit [...]
Stubborn inflation in UK might finally be set to give way July 7, 2023 It's all about the workforce and yes, Brexit.