Investors are not taking the Bank of England seriously February 11, 2025 The Bank is clearly far more nervous about inflation than many in the City.
‘Bitter pill’: MPs set to be on almost £94k after above inflation pay rise February 10, 2025 Plans for MPs to earn almost £94,000 after an above inflation pay rise have been criticised as a “bitter pill to swallow”. Members of Parliament (MPs) are in line for a 2.8 per cent pay increase which would put their annual salaries at £93,904, up from £91,346. It comes after the body in charge of [...]
GDP figures to pile further pressure on Reeves as recession risks mount February 10, 2025 New figures set to be released on Thursday are expected to show that the UK economy shrunk 0.1 per cent in the three months to December.
Rachel Reeves to meet bank bosses as growth agenda stalls February 10, 2025 Chancellor Rachel Reeves is set to meet top bank bosses this week in the latest attempt to kickstart her growth agenda. The embattled Labour chancellor has reportedly called in top executives at Barclays, Lloyds Banking Group, NatWest and Nationwide, according to Sky News’ Mark Kleinman. This comes as the government’s growth strategy continues to falter. [...]
As tariffs loom, the UK-India trade deal is all the more important February 10, 2025 Tariffs are the road to ruin. But the UK still has many opportunities with trade partners like India, writes Lord Mayor Alastair King.
Bank shareholders eye returns as Barclays and Natwest report February 9, 2025 Shareholders in two of the UK’s biggest banks will be hoping for further returns next week as they shed light on recent trading amid an uncertain economic backdrop. Barclays and NatWest will lead a raft of annual results updates by UK banks, after a recent positive period for the sector. Shares in both firms have [...]
CMA and ASA probe Chelsea-linked Vivid Seats over ticket touting February 7, 2025 Consumer group FanFair Alliance has reported Vivid Seats, a company part-owned by Chelsea chair Todd Boehly, to watchdogs for alleged illegal ticket touting. Chelsea fans have described the involvement of Boehly, the highest-profile member of the club’s US ownership group, as a “breach of trust” after it emerged this week. Vivid Seats offers tickets to [...]
Bank of England Chief Economist: Job on inflation not done yet February 7, 2025 "I think that is a reason for caution, for carefulness in the way we proceed with removing monetary policy restriction and cutting bank rate," Pill said.
Week in Business: Growth hammer blow means Reeves must change course February 7, 2025 If the Chancellor was still on a high from last week’s big growth-focused speech, the Bank of England has just pulled her back down to earth and, for good measure, poured a bucket of cold water over her. This is a time for hard truths and none harder than the hammer-blow fact that the Bank [...]
City split following Bank of England’s interest rate decision February 7, 2025 Analysts are divided about how far and how fast the Bank of England is likely to cut interest rates in the remainder of this year following yesterday’s decision. Rate-setters backed a third 25 basis point rate reduction, which brought the Bank Rate down to an 18-month low of 4.5 per cent. Every member of the [...]