How do the latest borrowing figures impact Hunt’s tax cut calculations? December 21, 2023 The Treasury borrowed £14.3bn in November, which was nearly £1bn less than this time last year but comfortably higher than economists had expected.
Government borrowing higher than expected as interest payments hit November record December 21, 2023 With interest rates rising, the government had to pay £7.7bn on central government debt, the highest November total since monthly records began.
Autumn Statement fails to lift mood in the capital ahead of Christmas, survey suggests December 21, 2023 Business confidence in the capital fell sharply approaching Christmas, as confidence in the wider economy took a big knock despite the measures announced in the Autumn Statement.
It’s Quiz-mas! How will you score in Deloitte’s big economics quiz of the year? December 20, 2023 The answers and a brief explanation of the factors at work are at the end of this note. Obviously, our readers won't be cheating....
Surprise inflation fall casts doubt on Bank of England’s interest rate path December 20, 2023 According to new figures out this morning, the headline rate of inflation fell to 3.9 per cent, its lowest level in two years.
Inflation falls to 3.9 per cent as lower food and petrol prices ease pressure on Bank of England December 20, 2023 The data comes amid continuing debate about when the Bank of England will start cutting interest rates.
Wage growth expected to continue in 2024 as employees hold all the cards December 20, 2023 Looking ahead into next year, Sheila Attwood, XpertHR senior content manager, data and HR insights, said wage growth would ease - but only slightly.
Risk of high inflation ‘clearly more costly’ than squeezing demand, Bank MPC member warns December 19, 2023 "Given what we know now, I can say that it will be important for monetary policy to be restrictive for an extended period in order to return inflation sustainably to the two per cent target in the medium-term," she said.
Bank of England to work more closely with regulator to promote key objectives December 19, 2023 "The shared aim of this MoU is to enable closer working between the parties, including the exchange of appropriate information, to assist them in discharging their statutory functions," the document said.
Pimco boss: UK risks ‘hard landing’ as consumers feel the pinch from higher rates December 19, 2023 UK faces a "higher probability of more significant economic deterioration" than US