Sterling hits lowest level since July as Trump victory dents the pound November 14, 2024 "The FX market tends to concentrate on one theme at a time, and right now that is dollar dominance," Kathleen Brooks, research director at XTB said.
Reeves eyes £80bn investment with pension ‘megafunds’ November 14, 2024 The Chancellor Rachel Reeves will unveil plans to consolidate the UK’s sprawling £400bn local authority pension schemes today in a bid to unlock a wave of investment into the UK. In her first Mansion House speech in the City, Reeves is expected to announce a new Pension Schemes Bill to be introduced next year, aiming [...]
Consumers will pay for Starmer’s green targets November 14, 2024 It’s easy to be cynical about a climate conference that sees plutocrats flying their private jets to a petrostate claiming they’re going to save the world. That’s certainly the position of Greta Thunberg, who has dismissed COP29 as an exercise in greenwashing Azerbaijan’s human rights violations, a view shared – in Morning Wire recently – [...]
Fresh data reveals ‘more complex picture of economic welfare’ November 13, 2024 Many advanced economies have suffered from a slowdown in GDP growth since the financial crisis.
Working mothers will pay for Labour’s tax rises November 13, 2024 Employers’ national insurance hikes will increase the cost of childcare and put nurseries out of business, making life for working mothers even harder than it already is, says Alys Denby Governments are notoriously bad at picking winners, but Britain is about to find out what happens when leaders are more interested in picking losers. From [...]
UK could negotiate exemption from Trump tariffs, former Senator says November 12, 2024 Many analysts have suggested that the threat of tariffs might be used as a negotiating technique.
Strong governments must be prepared to upset the markets (a bit) November 12, 2024 The bond markets are a potent opposition, but governments must be prepared to take risks if they are ever to reap rewards, says Charles White-Thomson With a large majority and an election years away, the Prime Minister and Chancellor likely don’t feel the need to worry too much about what the electorate think. But one [...]
Business groups warn of jobs market slowdown following Budget November 12, 2024 Alexandra Hall-Chen, principal policy adviser for employment at the Institute for Directors (IoD) said the figures point to a "concerning trend" in the labour market.
Wage growth comes in ahead of expectations despite loosening labour market November 12, 2024 Bank of England rate-setters received a mixed picture from the latest labour market figures, with progress on wage growth stalling even as unemployment crept up. According to the Office for National Statistics (ONS), pay growth excluding bonuses eased to 4.8 per cent in the three months to September, down from 4.9 per cent previously but [...]
US election shows voters care more about inflation than growth November 12, 2024 Donald Trump's re-election as President has raised fundamental questions for Labour's economic and political agenda, writes Chris Dorrell