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![]() Jack BarnettCity A.M. |
A fresh hawkish impetus was injected into the monetary policy committee’s (MPC) interest rate decision statement yesterday. (Photo by Henry Nicholls...
Are the monetary policy committee (MPC) poised to meet market expectations of a 25 basis point increase? (Photo by Dan Kitwood/Getty Images) As the...
Late last night, Fitch said it is less confident the US – the world’s largest economy with a debt pile of over $30 trillion – will make good on...
Central banks, though, as economist Mohamed El-Erian puts it, aren’t the “only game in town”. They are simply inflation stabilising vehicles...
Growth across the 20 countries that use the euro hit 0.3 per cent in the three months to June, according to the bloc’s statistics agency Eurostat ...
Some 61 per cent of 500 firms surveyed by consultancy BDO are embroiled in a tax dispute with HMRC More than half of British mid-sized firms are...
Research by the lobby group the Confederation of British Industry (CBI) has found that activity across the private sector – which generates most...
Members of the nine-strong monetary policy committee (MPC) are expected on Thursday to back a 25 basis point increase to the UK’s official interest...
The Treasury is forecast to inject hundreds of billions of pounds into the central bank’s balance sheet to make up for a shortfall in its...
It was the first time the Office for National Statistics’ calculations have undershot analysts’ forecasts since January’s numbers. It was also...
A snapshot of the eurozone’s respective economies showed high inflation and the European Central Bank’s (ECB) efforts to tame it with interest...
The capital’s premier index fell 0.14 per cent to 7,652.79 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with...
Prices are set to ease much slower than previously expected due to food and energy costs remaining elevated, according to consultancy EY Item Club ...
Consumer confidence has dropped for the first time since January, down six points to minus 30 in July, according to research from GfK which dates back...
Britain’s currency shed nearly one per cent against the US dollar, its largest fall in months, to buy $1.29. It was down a similar amount against...
Signs of sticky price pressures require further rate rises, experts claim (Photo by Dan Kitwood/Getty Images) The Bank of England should not yet let...
The rate of price growth fell to 7.9 per cent in June, down from 8.7 per cent in May, according to the Office for National Statistics Inflation has...
Threadneedle Street rewarded staff with a total of £25m in one-off handouts over the last year, up from £23m in the previous year, according to a...
House prices fell by 0.1% Few people in Britain draw as much scorn than landlords. It’s easy to understand why. Young people...
The rate of price growth in Britain is expected to have dropped to 8.2 per cent in June, down from 8.7 per cent in May, the City expects numbers from...
Asset values have collapsed by £2.1 trillion since early 2021, mainly driven by a sharp fall in bond prices in response to UK borrowing costs rising...
Despite the consumer price index falling to its lowest level in over two years, analysts still think the Federal Reserve will resume raising interest...
The capital’s premier index added 0.51 per cent to trade at 7,319.72 points, while the domestically-focused mid-cap FTSE 250 index, which is more...
Household finances will be corroded by rising living costs and elevated rates until at least May 2024, according to calculations by consultancy Retail...
At the start of the year, the index of Britain’s top companies raced out of the blocks. It powered far ahead of its Wall Street rivals the S&P 500,...
Company layoffs have pushed the volume of unemployed workers available for jobs to its highest level since December 2020, when the UK was in the teeth...
Pay growth is said to have “passed its peak” after raging for more than a year, fuelled by staff demanding wage increases to compensate for...
Analysis from the British Chambers of Commerce (BCC) found that companies are considering scaling back price rises in response to costs receding...
Inflation across the Group of Seven (G7) nations fell to 4.6 per cent in May, down from 5.4 per cent in April, according to the Organisation for...
A reduction in energy and transport bills caused by international gas markets and supply chains repairing from a series of shocks is being cancelled...
The capital’s premier index cratered 2.24 per cent, its biggest one day fall since March, to close at 7,275.60 points, while the...
Barrelling around in the piping of the UK economy so far this year has been a sustained pound sterling rally. Britain’s currency in 2023 has been...
Here’s a fun fact. If everyone in the UK worked for a year and gave all their earnings to the Treasury, the government could nearly repay the...
Back in November, the Bank of England took the highly unusual step of explicitly telling financial markets to calm their sky high bets on where...
A mix of factors are buffeting the UK economy right now. Spending power is being crushed by high inflation eroding family finances. House prices are...
Inflation is definitely on its way down, but no thanks to the Bank of England – well, yet. Most of the drop will be driven by energy price rises...
It’s worth remembering that Britain isn’t some sort of pariah in the rich world that’s undergoing a tough economic slump, which is threatening...
Remember the start of the year? “UK house prices have gone into sharp reverse over recent months. And we expect that elevated mortgage rates will...
This is the final act in central banks’ aggressive interest rate hike cycle. Well, so say most analysts. “There’s a growing sense that the...
People doubtless would’ve gasped at headlines last week about UK interest rates being on course for five per cent. Such a path looked...
“Hope is not a strategy,” Jordan Rochester, a wonk at Japanese investment bank Nomura, said last September, referring to politicians’ attempts...
Inflation is a pernicious beast that is plainly bad for people and businesses. It can ease governments’ debt burdens by (artificially) boosting...
There’s been reams and reams of wild predictions about whether we’re slipping into another financial crisis, triggered by the collapse of US tech...
City folk around in 2007 must have been getting very twitchy over the last week. Some of the market moves were reminiscent of the early stages of the...
Whisper it very, very softly, but the Bank of England (secretly) is trying to force you out of the job. That’s right. Governor Andrew Bailey wants...
It’s rare for consensus to emerge in economics. Quibbles about the role of the state in society, the level of taxation and where to spend...
The magic money tree is shedding its leaves. Over a decade of cheap cash propping up the global economy has been toppled by a once in a generation...
Bean counters are running the Treasury again. I’m imagining sheets of paper plastered with Jeremy Hunt’s current fiscal rules pinned up around...
There’s a war chest of nearly £200bn – which started to be built up during the pandemic and has grown ever since – that could save the UK from...
There’s a pretty wild variety of house price predictions doing the rounds. Capital Economics have forecast they could fall 12 per cent, while...