Scale of tax and mortgage bombshell on London and south east “eye-watering” May 22, 2024 The government has been criticised for a so-called “mortgage bombshell” hitting workers in the commuter belt after it emerged households are facing almost £9m in extra payments.
FTSE 100 today: London markets set to open higher if UK inflation falls in line with expectations May 22, 2024 Asian indices mixed despite Wall Street's record highs; RBNZ kept rates steady. Investors await UK CPI, Fed minutes, and Nvidia earnings.
IMF upgrades growth forecasts for UK economy but warns of ‘tough choices’ ahead May 21, 2024 "With growth recovering faster than expected, the UK economy is approaching a soft landing, following a mild technical recession in 2023," the IMF said.
Tax from UK’s financial sector pays for the country’s entire education budget May 21, 2024 "Financial and related professional services are a significant and consistent source of tax revenue for the government," Miles Celic, chief executive at TheCityUK, said.
Londoners the cleverest people in the world: Latest Oxford Economics study May 21, 2024 Although London lost out to New York in the overall score, the UK's capital came top on the human capital score, beating Tokyo and Riyadh in second and third place.
FTSE 100 today: British blue-chip index set for subdued start amid cautious US Fed comments May 21, 2024 Asian markets dipped. Oil prices fell, gold stayed near highs, and Australia's BHP Group surged. Focus on Fedspeak and BOE's Andrew Bailey.
London Stock Exchange chief takes aim at ‘pernicious’ stamp duty on shares May 20, 2024 The boss of the London Stock Exchange described the effect of a stamp duty on shares as “pernicious” today as she claimed the gloomy “public narrative” surrounding the City was beginning to lift.
City helps UK pull ahead of rivals to be Europe’s top destination for investment in financial services May 20, 2024 The UK has extended its lead as Europe's top destination for investment into financial services despite the impact of Brexit, according to a new survey from EY.
Easyjet founder Stelios: UK startup eco-system ‘far better’ than Europe May 20, 2024 Sir Stelios Haji-Ioannou told City PM there's always money out there for startups.
FTSE 100 today: London markets set to open higher, echoing global trends May 20, 2024 Asian markets rose with Wall Street, but an Iranian president's helicopter crash shook oil prices. Investors awaited Nvidia's Q1 earnings.
