Bank of England’s Pill: Summer interest rate cuts ‘not unreasonable’ but ‘still some work to do’ May 14, 2024 Speaking at an event run by the Institute of Chartered Accountants in England and Wales (ICAEW), Pill stressed that the Bank's focus would be on the persistent components of inflation in the weeks ahead.
Confidence in ONS statistics remains high but data issues might pose problems May 14, 2024 “Now more than ever it is vitally important that citizens know where to find reliable, impartial statistics." Professor Sir Ian Diamond, National Statistician, said.
Bank of England interest rate cuts on a knife edge as wage growth comes in hot May 14, 2024 The figures are the first in a series of data releases that will determine whether the Bank of England is able to cut interest rates in June.
The UK is out of recession – but it’s far too soon to celebrate May 14, 2024 While the UK's exit from recession is welcome news, structural problems will continue to stymie economic growth for years to come if they are not addressed soon, Chris Dorrell writes
FTSE 100 today: London markets to open higher on weaker UK jobs report May 14, 2024 Asia markets mixed after lackluster Wall Street. Focus on UK jobs report, Fed Chair Jerome Powell speech, and Vodafone's earnings.
Higher wage growth has not fuelled inflation – but it will if productivity does not improve May 13, 2024 Despite stronger real wage growth, productivity - which measures workers' output per hour - has actually deteriorated in the past year.
Britain’s bad bosses finally show some signs of improvement May 13, 2024 "Bad managers are an area in which Britain stands out," the Resolution Foundation said in its Ending Stagnation report.
Number of new homes built in 2024 plunges by a fifth in blow to government house building targets May 13, 2024 "Rises in the Bank of England's base rate have driven mortgage rates higher, leading to a drop in new home purchases and a slowdown in house price growth," Steve Wood, chief executive of the NHBC said.
London’s strength suggests economic recovery has further to run May 13, 2024 "The sharp and quicker expansion in the capital also supported growth in activity across the UK as a whole," Catherine van Weenen, territory head of commercial mid market at NatWest, noted.
China’s economic rollercoaster: Consumer prices inch up in April amid lingering factory deflation May 13, 2024 China's consumer prices rose for the third month in April, while producer prices continued to fall, highlighting ongoing economic challenges.
