Labour’s insistence on talking Britain down will only spur on further decline September 24, 2024 In economics, the "animal spirits" of human emotion matter. So why is Labour determined to talk Britain down, asks Emma Revell.
London edges closer to New York in battle for financial centre top spot September 24, 2024 London is closing in on New York for the title of the world's top financial centre, according to a survey by an influential think tank, as the capital pulled away from its European rivals.
UK economy: Growth continues but budget concerns ‘jangling nerves’ September 23, 2024 PMIs, which measure business activity in the private sector, are closely watched for clues about the economy’s performance.
Oliver Bonas creates hundreds of jobs as new stores help sales surge September 23, 2024 Oliver Bonas created almost 200 jobs as the opening of new stores helped its sales jump by over £20m during its latest financial year. The Chessington-headquartered company has reported a turnover of £135.7m for 2023, up from the £115m it achieved in 2022. Newly-filed accounts with Companies House also show its headcount increased from 1,357 [...]
Pubs face ‘double whammy’ of tax hikes as hundreds call last orders for good September 23, 2024 Around 50 pubs per month ‘vanished’ from England and Wales in the first half of the year as hospitality struggled with costs and tax rates. The overall number of pubs in England and Wales, including those vacant and being offered to let, fell to 39,096 at the end of the first half of 2024, down [...]
Interest rates heading lower after historic week for central banks September 23, 2024 For many central bankers, concerns about sluggish growth and the health of the labour market are now as prominent - if not more so - than fears about inflation, paving the way for an extended period of rate cuts.
Misery index gives cause for hope September 23, 2024 There is an unmistakable inverse correlation between emiserating factors like unemployment, wages and house prices and consumer confidence, but new analysis suggests things may be looking up, says James Sproule The cost-of-living crisis may be difficult to define or quantify, but it is easy enough to feel – and misery has been felt not just [...]
US Fed’s preferred inflation metric set to validate jumbo rate cut September 22, 2024 Crucial US inflation data is poised to back up the Federal Reserve's jumbo interest rate cut as investors question where other central banks will follow in its footsteps.
IFS: Clumsy capital gains reform could ‘harm government’s growth mission’ September 21, 2024 The influential think tank said the levy was "crying out for reform", but warned that poorly designed measures could do more harm than good.
UK economy: After a busy week, the foundations look solid September 20, 2024 With inflation low and further rate cuts to come the UK economy remains on relatively solid foundations.