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London's FTSE 100 and FTSE 250 indexes climbed, led by precious metal miners. Gold prices hit record highs as investors anticipate potential US interest rate cuts, while UK inflation expectations fell to a three-year low.
Britain's financial sector remains disconnected from domestic businesses, echoing concerns from 1929. Recent reforms aim to bridge this gap, but deep-rooted issues in the UK's economic structure pose challenges.
Bank of England likely to maintain 5. 0% interest rate amid mixed economic signals. Quantitative tightening program decision draws attention, with potential fiscal implications for the UK government.
U. S. wholesale prices rose modestly in August, indicating cooling inflation. This trend may prompt the Federal Reserve to consider interest rate cuts, aligning with actions of other central banks globally.
The Bank of England announces updated capital requirements for UK banks, aiming to balance financial stability with commercial interests. The changes, set to take effect in 2026, are expected to have minimal impact on lenders.
British property surveyors report positive house price balance for the first time in nearly two years. Despite improved market sentiment, affordability remains a challenge, particularly in the rental sector.
Conservative leader Pierre Poilievre urges NDP to support motion against Liberal government. NDP's Jagmeet Singh remains non-committal, emphasizing decisions based on Canadians' interests.
British banks intensify lobbying efforts against possible tax increases in the upcoming Labour government budget. Finance Minister Rachel Reeves seeks to address a £22 billion fiscal gap amid high bank profits.
London's FTSE indices show modest gains, with mining stocks leading. Investors cautiously await U.S. inflation data as UK economy stagnates. Rentokil plans job cuts, while WH Smith reports revenue growth.
Britain's economy showed no growth in July 2024, disappointing economists who predicted expansion. Services sector slightly grew, while manufacturing and construction declined, reflecting ongoing economic challenges.
London's FTSE 100 fell 0. 8% due to healthcare and energy sector declines. UK wage growth cooled to a two-year low, potentially influencing future Bank of England rate decisions. Precious metal miners saw significant gains.
London's FTSE 100 bounced back after six days of losses, led by travel and leisure stocks. Investors anticipate crucial labour market data, seeking insights into potential Bank of England policy shifts.
FTSE 100 falls 0. 4%, while FTSE 250 edges up 0.1%. Investors await U.S. employment data for Fed rate cut insights. UK housing prices show fastest annual growth since late 2022, economy needs substantial investment.
British house prices rose 4. 3% annually in August, the highest since November 2022. The increase, linked to recent interest rate cuts, signals renewed momentum in the property market.
British home prices expected to outpace inflation in next two years. Lower interest rates likely to enhance affordability for first-time buyers, despite challenges in the rental market.
British factories recorded their strongest performance in over two years this August, driven by robust domestic demand. The manufacturing sector's growth offsets export declines, signaling economic momentum.
Prime Minister Keir Starmer pledges to build 1. 5 million homes, but faces challenges from skeptical investors and economic constraints. Government intervention may be necessary to meet ambitious targets.
Prime Minister Keir Starmer outlines plans for unpopular decisions to tackle Britain's problems, including potential tax increases on the wealthy. He emphasizes the need for short-term sacrifices to achieve long-term improvements.
British economic indicators show accelerated business activity and reduced cost pressures in August 2024, signaling steady growth. The S&P Global Composite PMI reached 53.4, the highest since April.
UK's July 2023 public sector borrowing reached £3. 101 billion, exceeding economists' forecasts. Increased social benefits and government wages contribute to the highest July borrowing since the pandemic.
British employers reduced pay awards in the three months to July 2024, with median basic pay settlements at 4. 5%. This trend aligns with the Bank of England's efforts to control inflation.
British estate agents report increased buyer interest after the Bank of England's recent interest rate reduction. Rightmove data shows a 19% rise in buyer enquiries compared to last year, signaling improved market sentiment.
Alan Taylor, an expert in international economics and financial crises, has been appointed to the Bank of England's Monetary Policy Committee. The British-born Columbia University professor will start his role on September 2, 2024.
UK's GDP increased by 0. 6% in Q2 2024, following 0.7% growth in Q1. Service sector, particularly technology and research, drove growth despite challenges in retail and film production.
British average weekly earnings rose 5. 4% in Q2 2024, matching forecasts. The Bank of England closely watches wage growth as it balances interest rates and inflation targets.
British employers anticipate a 3% pay increase over the next year, the lowest in two years. This development may alleviate concerns at the Bank of England, which recently cut interest rates for the first time since 2020.
Britain's housing sector shows signs of revival following interest rate cut and government focus. RICS survey indicates increased sales expectations, while rental market faces supply challenges.
Recent survey shows UK job market cooling with slower pay increases. Permanent hiring continues to decline, while temporary staff see weakest pay growth in years. BoE closely monitors trends for inflation assessment.
British house prices saw a significant rise in July, with a 2. 3% annual increase and 0.8% monthly growth. Experts anticipate continued upward trends despite affordability challenges and limited property availability.
Britain's statistics agency announces major update to grocery price data collection, set to launch in 2025. The new system will analyze over 1 billion sales units monthly, covering half the grocery market.