Investors are not taking the Bank of England seriously February 11, 2025 The Bank is clearly far more nervous about inflation than many in the City.
Discounting helps retail sales post strong rebound in January February 11, 2025 The survey suggested that price cuts managed to entice consumers to the high street, as in-store sales rose at the fastest pace in nearly two years.
GDP figures to pile further pressure on Reeves as recession risks mount February 10, 2025 New figures set to be released on Thursday are expected to show that the UK economy shrunk 0.1 per cent in the three months to December.
Steel tariffs: UK ‘ready for all situations’, No10 says on Trump threats February 10, 2025 The UK is “ready for all situations” and ministers will “engage as appropriate”, No10 has said, in the wake of Donald Trump’s threat to impose tariffs on steel and aluminium imports into the US It follows a government minister saying Britain will have to “wait and see” if Donald Trump “gets more specific” about his [...]
Rachel Reeves to meet bank bosses as growth agenda stalls February 10, 2025 Chancellor Rachel Reeves is set to meet top bank bosses this week in the latest attempt to kickstart her growth agenda. The embattled Labour chancellor has reportedly called in top executives at Barclays, Lloyds Banking Group, NatWest and Nationwide, according to Sky News’ Mark Kleinman. This comes as the government’s growth strategy continues to falter. [...]
Labour market: Vacancies ‘tumble’ in January ahead of Labour’s tax raid February 10, 2025 Demand for staff fell at its greatest extent since August 2020, a new report from KPMG and the Recruitment and Employment Confederation (REC) said.
Super Bowl: Calls for London to host NFL tournament for economic growth February 8, 2025 London should host a future NFL Super Bowl in a bid to supercharge the capital’s economic growth, politicians and hospitality groups have urged. Ahead of Sunday’s showdown between the Kansas City Chiefs and Philadelphia Eagles in New Orleans, the climax to the NFL season, the potential future impact on the capital’s economy is being talked [...]
Shein set to slash target valuation for London Stock Exchange float February 7, 2025 Fast fashion giant Shein is poised to slash the target valuation for its planned float in London as it grapples with new trade barriers in the US and growing political concerns in the UK, according to reports. The Chinese founded retailer, which is expected to list in London later this year, is set to be [...]
‘Unproven’ green tech to have significant impact on energy bills, MPs warn February 7, 2025 Government investment into “unproven” carbon capture schemes is set to have a “very significant effect” on households’ energy bills, an influential group of MPs is warning. Ministers have backed investment into carbon capture, usage and storage (CCUS) schemes in a bid to achieve the UK’s legally mandated climate goals, including net zero by 2050. But [...]
‘Doing a day’s work seen as stressful’ by youth, Liz Kendall says February 7, 2025 The UK must avoid a situation where “doing a day’s work is in itself seen as stressful” by young people, Liz Kendall has warned. The work and pensions secretary has told ITV: “There is genuinely a problem with many young people, particularly the Covid generation, but we can’t have a situation where doing a day’s [...]