Labour will drive away wealth creators July 31, 2024 Labour have talked a good game on growth, but all their early actions seem precision calculated to deter investors, says James Price I’m not sure if Rachel Reeves is a fan of musical theatre, but going into her economic statement on Monday, she would have done well to heed the words of George Washington in [...]
The real ‘black hole’ in the public finances is the debt July 31, 2024 The Chancellor is right, the public deserve to know just how bad the economy is – so she should be honest about the millions of pounds a day that are added to the national debt, says John O’Connell Reeves’ tone was one of righteous fury on Monday as she bellowed at the opposite benches for [...]
Yellow fever: Central banks and private investors keep demand for gold buoyant July 30, 2024 Private investors and consistent demand from central banks where the two dominant behind the second quarter's consecutive all-time highs in the gold price an industry report has found.
Why the Bank of England will cut interest rates on Thursday July 30, 2024 For the first time in months, there is genuine uncertainty about whether the Bank of England will cut or hold interest rates. But signs are pointing towards a cut, Chris Dorrell argues
Look behind you! Rachel Reeves’ political pantomime July 30, 2024 Rachel Reeves is shocked – shocked she tells you – at the state of the public finances. Never mind that everyone passingly familiar with spreadsheets, including City A.M., had warned her – the chancellor has now discovered what was hiding in plain sight: Britain is poor. Incoming governments promising one thing to get elected and [...]
We’re (not) lovin’ it: McDonald’s posts first sales drop since 2020 July 29, 2024 Fast-food giant McDonalds posted a global sales drop of one per cent year on year in the three months to the end of June.
Junior doctors ‘offered 22 per cent pay rise’ to end strikes July 29, 2024 Junior doctors in England are understood to have been offered a 22 per cent pay rise over two years in a bid to resolve their long-running pay dispute with the Government. The Times is reporting that the British Medical Association’s (BMA) junior doctors committee has recommended an offer to members. It is understood to include [...]
Liquid gold? Olive oil fraud cases hit record high in EU July 29, 2024 The number of cases of fraudulent olive oil referred to the EU hit a record high this year after inflationary pressures fuelled black market activity. The price of olive oil has more than doubled in the last five years on climate-related supply pressures and environmental shocks. There were 50 reports to the European Union of [...]
Rally to save Bethnal Green Working Men’s Club from closure as thousands sign petition July 29, 2024 Over a hundred Londoners gathered in Bethnal Green this lunchtime to protest against the closure of the Bethnal Green Working Men’s Club, one of the capital’s most important nightlife venues. It is facing closure after owners voted to stop events being run on the premises, which has for the last twenty years established itself as [...]
Mortgage market treads water before of Bank of England interest rate decision July 29, 2024 Bank of England data showed that the number of mortgage approvals, which indicate future borrowing, remained broadly steady in June at just under 60,000.