‘Realist’ Bailey says Bank of England is ‘getting sleeves rolled up’ to tackle inflation November 29, 2023 In an interview with the Daily Staffordshire, the Bank's governor said "we are not in a place now where we can discuss cutting interest rates."
US economy: Third-quarter growth revised up to 5.2 per cent – but momentum waned November 29, 2023 The economy grew at a 2.1 per cent pace in the April-June quarter and is expanding at a pace well above what Federal Reserve officials regard as the non-inflationary growth rate of around 1.8 per cent.
Mortgage approvals are up. Does this mean the housing market is finally recovering? November 29, 2023 The number of mortgage approvals ticked up in October, new data has revealed. Is this a sign the housing market is recovering?
Business closures surpass openings for the first time since 2010 as higher borrowing costs bite November 29, 2023 Business closures have overtaken openings for the first time since 2010, a report in the Financial Times analysis has suggested
E-scooter firm Tier to lay off 140 staff before Christmas in losing battle with profits November 29, 2023 Tier said it would be cutting around 22 per cent of its workforce, in a “number of countries”, making it a “difficult day at the end of a difficult year.
OECD: UK economy faces “urgent” challenges as growth downgraded and inflation remains high November 29, 2023 New forecasts from the Organisation for Economic Co-operation and Development (OECD) project the UK economy to grow at 0.7 per cent next year and 1.2 per cent in 2025.
Federal Reserve governor says inflation declines in coming months could warrant rate cuts November 29, 2023 A US Federal Reserve governor said he is "increasingly confident" the central bank's interest rate will prove adequate to lower inflation.
Supermarkets in focus of new CMA probe claiming loyalty schemes push up inflation November 29, 2023 It made the announcement following its latest findings from a two-year ongoing investigation of the groceries sector, and its impact on competition and inflationary pressures.
Motoring services drive growth for Halfords despite ‘slower than expected’ recovery November 29, 2023 Halfords made a profit during the interim period but gross profits at its retail business were hit by high inflation
If retail execs didn’t already know it, Black Friday is finally over November 29, 2023 We stole Black Friday from the US, and the Americanism is falling out of favour with Brits getting a few pennies off, writes Simon Neville