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Economy expected to return to growth in November – but risk of recession remains
A resilient retail sector and the return of colder weather will have helped the UK economy return to growth in November, new figures out this week are expected to show. GDP figures for November will...
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Job hunters still set for pay hikes despite ‘looser’ job market: new data
The UK’s labour market continued loosening in December, albeit at a slower pace than the month before, as a poor economic outlook dented hiring activity across the economy. According to KPMG and REC’s...
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Moving markets: Five things shaping the FTSE 100 today
Moving Markets Today: Asian Markets Surge Amid Weaker Dollar, Gold and Oil Prices Climb, Bitcoin Surges, United Uncovers Loose Bolts on Multiple 737 MAX, Eyes on U.S. Inflation and JPMorgan...
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Interest rates tug of war may leave markets, and consumers, disappointed
The path of the economy in 2024 will be defined by the trajectory of interest rates. But unlike 2023, when the interest rates also dominated the conversion, the question this time will not be how high...
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A stronger pound and ‘bond vigilantes’: What should markets expect ahead of...
With elections in both the US and UK this year, 2024 could turn out to be a volatile year for markets. Historically, London markets put in a strong showing around elections. According to AJ Bell...
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Don’t be fooled by data quirks, sky high interest rates are hurting Brits
Higher interest rates are good news for some, but we should not let that distract from the overwhelming reality, writes Kevin Ferriter The Resolution Foundation think tank released research last week...
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A look at Germany shows the UK’s growth problem is not a Brexit phenomenon
Mired in strikes and ailing output, Germany is struggling; but its discontent is emblematic of a problem the whole of Western Europe must address, writes Paul Ormerod We English are notoriously bad at...
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World Bank: How the global economy can avoid ‘a decade of wasted opportunity’
Global growth is expected to slow for the third year in a row in 2024, as the higher cost of borrowing and geopolitical tensions weigh on the global economy. The slow performance this year means the...
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Bailey: Household finances ‘nowhere near as stressed’ as during financial crisis
The UK economy is withstanding the pressure from higher interest rates to a far greater degree than expected, Andrew Bailey, governor of the Bank of England said today. Speaking in the Treasury...
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Moving markets: Five things shaping the FTSE 100 today
Moving Markets Today: Global Stocks Surge, Japan’s Nikkei Breaks 35,000, Oil Prices Rise; SEC Approves First Spot Bitcoin ETFs; All Eyes on Inflation and Earnings U.S. stocks closed higher, led by a...
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US inflation rises faster than expected on higher gas prices and housing costs
US inflation increased faster than expected in December, driven by rising shelter costs, putting pressure on the market view that rate cuts are imminent. Figures from the Bureau of Labor Statistics...
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Evasion clampdown: Treasury to make £12.7bn from new global minimum...
The Treasury expects that it will make nearly £13bn from the new global minimum corporation tax, which went live at the beginning of the year. Over the first six years of the tax’s introduction,...
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Oil prices soar two per cent following US-UK military strikes on Houthi...
Oil prices surged by over 2% on Friday due to military strikes conducted by the United States and Britain against Houthi military targets in Yemen. This retaliation was prompted by the Iran-backed...
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Moving markets: What’s shaping the FTSE 100 today
Moving Markets Today: Asian Shares Mixed, Oil Surges on US-UK Yemen Strikes, Gold Shines on Growing Safe-Haven Appeal, Attention Turns to UK Factory and GDP Data U.S. stocks closed with minimal...
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UK economy: GDP rebounds in November but still on recession knife-edge
The UK economy grew 0.3 per cent in November but the UK remains on a recession knife-edge. The strong showing in November was not enough to turn around the more closely-watched three-month measure of...
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“Stumbling from lamppost to lamppost”: Making sense of the UK’s GDP figures
New GDP figures out this morning showed a better than expected economic performance in November – but it’s more complicated than that. The figures showed a 0.3 per cent uptick in economic activity in...
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‘Urgent’ action required as London jobs market falls at steepest rate since...
The jobs market in London has stalled, prompting calls for “urgent” action by the government to help boost growth in the capital ahead of the March Budget. Calls comes as a new study shows the number...
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London sees output boom as demand picks up in December
Private sector activity in London climbed to its highest level in seven months in December with firms in the capital reporting a sharp increase in new orders at the end of the year, according to a new...
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The Notebook: George Lagarias on why we’ve all been asking the wrong question...
Where the City’s movers and shakers get a few things off their chest. Today, George Lagarias, chief economist at Mazars, takes the pen to talk inflation, films and Winter Wonderland. 2024: The year...
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City’s jobs market slows at fastest rate since 2008, survey suggests
The number of jobs posted by City finance firms dropped at its fastest pace since the financial crisis in 2023, a new survey suggests. According to recruitment firm Morgan McKinley, there were 42 per...
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