Tariffs unlikely to spark persistent inflation, Bank of England rate-setter says February 26, 2025 Swati Dhingra, a rate-setter at the Bank of England, said Donald Trump’s tariffs would likely push down on domestic inflation as global exporters slashed prices to maintain market share. Dhingra warned that the UK was “particularly sensitive” to changes in imported costs due to its openness, but suggested that the danger of tariff-induced inflation was [...]
‘Delicate time’ for US economy as growth fears build February 26, 2025 The world's largest economy has been the standout global performer for the past couple of years, with growth far outstripping other advanced economies.
The power of compounding when it comes to reaching your financial goals February 26, 2025 interactive investor is the UK’s second largest platform for private investors I’ve been re-reading the brilliant best-selling book Atomic Habits by James Clear – which, if you’re unfamiliar with it, outlines the small, but ‘stackable’ behavioural changes we can make to turn big goals into actionable and sustainable daily habits. Clear explains that this can [...]
Pets at Home shares surge on takeover and watchdog rumours February 26, 2025 Pets at Home shares surged more than 14 per cent this morning as evidence grows that the UK’s competition watchdog is moving toward a positive conclusion for the industry, as well as speculation that private equity firm BC Partners was preparing a bid. A series of bidcos were registered on 24 February with pug in [...]
Workers’ rights? Labour’s employment bill gives workers a worse deal February 26, 2025 Punishing employers doesn't help workers. Left as it is, Labour's new employment bill will only damage the labour market, writes James Reed.
Nine in ten six-figure earners say they are not wealthy February 26, 2025 An annual income of £213,000 has been declared the benchmark for ‘wealth‘ according to new research from HSBC. HSBC UK’s new report ‘Your Money’s Worth: Defining Wealth in 2025’ revealed nine in 10 high earners do not consider themselves wealthy, with only one per cent of the population identifying as so. The top four per [...]
Getting Brits to invest will take more than tweaking ISAs February 25, 2025 Rachel Reeves is considering reducing the tax-free limit on cash ISAs to encourage people to invest in stock and shares, but she should go even further, says Emma Revell It is one of the most popular and best understood savings tools available for Brits, but there could be a big shake up coming for the [...]
Axe the EU’s import tax to save consumers money February 25, 2025 More than five years on from Brexit we are still sticking to EU rules that see Brits paying over the odds for branded goods that manufacturers are happy to sell cheaper elsewhere, says Martin Howe KC This month we have seen rising inflation and the threat that the Bank of England will have to defer [...]
Cash ISAs: Will Rachel Reeves bring in a ‘tax on savings’? February 24, 2025 The financial industry has split over whether Chancellor Rachel Reeves should be cracking down on cash ISAs to encourage investment. While Reeves has ruled out scrapping cash ISAs completely, the Treasury is currently mulling whether to bring the limit for them down to just £4,000 a year. Currently, investors have a tax-free allowance of £20,000 [...]
National Grid to sell US renewables business to Brookfield February 24, 2025 National Grid has agreed to sell its US renewables business to Canada’s Brookfield Asset Management in a deal worth £1.4bn. The UK’s energy operator said the transaction would be an “important step” in long-running plans to slim down the business. National Grid sold both its Electricty System Operator (ESO) and its holdings in National Gas [...]