Bank of England’s dovish pivot on interest rates poses a number of questions March 21, 2024 Andrew Bailey, governor of the Bank of England, gave as precise a summary as it is possible to give. "Things are moving in the right direction".
Bank of England holds interest rates again but Bailey says ‘things are moving in the right direction’ March 21, 2024 The Bank of England voted to leave interest rates on hold for the fifth consecutive meeting.
State pension triple lock will reportedly be in Conservative manifesto March 21, 2024 The state pension triple lock will be in the Conservative manifesto for a general election, according to multiple reports.
Wickes chief gets inflation-busting pay rise after ‘proving himself’ March 21, 2024 The chief executive of Wickes has been handed an inflation-busting pay rise after 'proving himself' in the role.
UK economy sees another ‘robust expansion’ in March as manufacturing sector improves March 21, 2024 The recovery of the UK economy looks set to roll on as business activity continued expanding in March, a closely watch survey suggests.
Direct Line brings back dividend but warns there’s still work to be done March 21, 2024 Insurer Direct Line has posted an annual operating loss of £189.5m as it battles claims inflation, while looking to achieve £100m in annualised cost savings by the end of 2025.
Government borrows more than expected in February, but on track for lowest annual total in four years March 21, 2024 The borrowing figures are the first since Jeremy Hunt's Spring Budget, in which he cut National Insurance by a further 2p.
Fed holds interest rates – but warns on inflation – ahead of Bank of England decision March 21, 2024 The Fed's decision comes as markets grow increasingly nervy about the persistence of inflation after two consecutive overshoots.
The Monetary Policy Committee can fight rate setting unease with greater coherence March 21, 2024 Andrew Bailey did not have a lot of luck when he came to the table as the new Governor of the Bank of England, stepping into the job about the same time as a flu-like virus from a Chinese city nobody had heard of arrived at Heathrow. He has since played a bad hand badly, [...]
What if the OBR is too optimistic about growth? March 21, 2024 Chancellors preparing for Budgets fret over their fiscal headroom, but what matters in the long-term is the trend rate of growth. And if the OBR has it’s projections wrong, there will be big consequence for the next government, says Paul Ormerod The Office for Budget Responsibility (OBR) published its economic and fiscal outlook document in [...]