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Economics

  • ‘Wealth the new work’: Wealth inequality ‘undermining capitalism’

    November 27, 2024

    “For most, your house has outvalued you this century – making wealth the new work," Parth Patel, associate director of at the IPPR, said.

  • Labour survey failing because Brits don’t answer phones anymore, Bank official says

    November 26, 2024

    The Bank of England’s chief economist has warned that improving official statistics might prove to be a “formidable” challenge due a distinctively British characteristic. For months policymakers have struggled with unreliable data from the Office for National Statistics (ONS), which has made it very difficult to get a clear picture of the UK’s labour market. [...]

  • Why Donald Trump’s love affair with tariffs will only end badly

    November 26, 2024

    A lot of ink has been spilled trying to work out what impact this will have on the global economy. To cut a long story short, nobody knows exactly what will happen - but it is not going to be good.

  • Inheritance changes for farmers ‘risks missing the target’ on tax avoidance

    November 25, 2024

    "The Budget proposal doesn’t go far enough to stop avoidance, but goes too far in how it applies to actual farms," Dan Niedle, founder of the think tank said

  • Bank of England’s Lombardelli supports ‘gradual’ interest rate cuts

    November 25, 2024

    In her first speech as one of the Bank's deputy governors, Lombardelli said she supported a "gradual removal" of monetary policy restriction.

  • Labour’s Budget will ‘hit growth’, CBI boss warns

    November 25, 2024

    In a speech set to be delivered at the CBI's annual conference later today, Newton-Smith will warn about the impact of the Budget on businesses.

  • Jobs market gets Christmas boost from seasonal hiring

    November 25, 2024

    In October, there were 0.64 per cent more vacancies than there were six months ago, the first time the six-monthly reading has been positive in 2024.

  • AJ Bell: Inheritance tax changes risk ‘fundamentally undermining’ pensions system

    November 24, 2024

    AJ Bell's boss said the changes were “arguably the most complex and costly way of raising tax from unused pensions on death”.

  • Eurozone inflation to take centre stage as growth worries resurface

    November 24, 2024

    Economists expect the headline rate will climb to 2.3 per cent in November, up from 2.0 per cent in October.

  • MPs flag ‘major concerns’ over errors in labour survey

    November 21, 2024

    An influential group of MPs has taken aim at the UK’s national numbers body today amid fears that errors in its labour survey are hamstringing “accurate” economic policy making. The chair of the Treasury Select Committee, Meg Hillier – a Labour MP – wrote to the boss of the UK Statistics Authority, Professor Sir Ian [...]

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