Tag: Economics
over 1 year ago
cityam.com

ECB hikes interest rates to highest level since financial crisis, ignoring market turmoil centred...

The European Central Bank (ECB) today hiked interest rates 50 basis points despite concerns about Credit Suisse’s fin...

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over 1 year ago
cityam.com

Jeremy Hunt tax hikes and weak economy to swipe £10k from Britons while wealthy reap pension rewards

Britons are poised to miss out on £10,000 of income over the coming years after Chancellor Jeremy Hunt lifted taxes t...

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over 1 year ago
cityam.com

FTSE 100 live: Credit Suisse share price shoots up 30 per cent as HSBC and Lloyds climb in London

London’s FTSE 100 today partly clawed back yesterday’s losses that saw it clock its worst day in over a year as the i...

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over 1 year ago
cityam.com

Blackrock boss Larry Fink: SVB collapse may signal 'dominoes are starting to fall'

The collapse of Silicon Valley Bank could signal the “dominoes are starting to fall” after an abrupt end to the era o...

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over 1 year ago
cityam.com

Budget: Why Jeremy Hunt needs you back at work to prevent a recession

This was a budget for the workforce. It showed signs of sparking the supply side revolution that Liz Truss championed...

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over 1 year ago
cityam.com

Budget: OBR says UK to avoid recession and is on course to grow every year after short blip in bo...

Britain will avoid a much-tipped recession this year and will grow every year until 2027 after a short blip, a massiv...

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over 1 year ago
cityam.com

FTSE 100 live: London index muted ahead of Jeremy Hunt March budget

London’s FTSE 100 edged lower this morning as investors brace for Chancellor Jeremy Hunt’s first budget around 12.30p...

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over 1 year ago
cityam.com

US inflation tumbles to lowest level since September 2021 but price pressures complicate Fed rate...

US inflation has dropped to the lowest level since September 2021, but underlying price pressures are still sticking ...

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over 1 year ago
cityam.com

FTSE 100 live: London index calmer after Silicon Valley Bank contagion fears ease

London’s FTSE 100 nudged lower today, arresting the sharp declines notched yesterday as it was caught up in a global ...

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over 1 year ago
cityam.com

Budget: Why a high-tax country is still dealing with fraying public services

Britain is on course to shoulder a tax burden that has “never been sustained before in its history” but is still grap...

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over 1 year ago
cityam.com

Why does the Bank of England (secretly) want to sack you? To hose down the inflation fire

Whisper it very, very softly, but the Bank of England (secretly) is trying to force you out of the job. That’s right....

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over 1 year ago
cityam.com

US Federal Reserve to refrain from rate hike later this month after Silicon Valley Bank collapse,...

Speculation is growing among traders that the US Federal Reserve could refrain from hiking interest rates later this ...

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over 1 year ago
cityam.com

FTSE 100 live: Silicon Valley Bank collapse drags London index into red despite HSBC sale

London’s FTSE 100 was dragged down into a global market sell off today driven by fears over how far the effects of th...

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over 1 year ago
cityam.com

London economy steams ahead to top UK growth league and on track to avoid recession

London’s economy is racing ahead of the rest of the UK and is on track to power the country’s GDP out of its current ...

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over 1 year ago
cityam.com

UK pay on track to trail inflation for 15th month in a row as cost of living crisis bites

Wages are on track to trail inflation for the 15th month in a row, underscoring how much pressure the cost of living ...

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over 1 year ago
cityam.com

Recession kicked into long grass as UK steams ahead of Europe and US

A recession hitting the UK economy is looking like an increasingly far flung prospect after yet more data today shows...

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over 1 year ago
cityam.com

Week ahead: ECB Lagarde to sign off on another 50 point interest rate hike and Deliveroo updates ...

Topping City traders’ minds this week will be what is tipped to be another 50 basis point interest rate hike by the E...

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over 1 year ago
cityam.com

UK economy ‘bounces back’ in another signal a recession is off the table but experts warn of stag...

The UK economy “bounced back” from a sharp contraction over Christmas and is holding up better than feared in another...

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over 1 year ago
cityam.com

Jeremy Hunt readies placeholder budget that will let a lot of people down

Jeremy Hunt is going to let a lot of people down at his budget next Wednesday. Businesses. Families. Even former Prim...

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over 1 year ago
cityam.com

UK dodges recession but economy still poised to be below pre-Covid-19 size until end of 2024, BCC...

The UK is poised to avoid a recession this year but suffer a slow burning economic slump that will leave GDP below it...

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over 1 year ago
cityam.com

Bank of England risks tipping UK economy into recession with further interest rate hikes, MPC’s D...

The Bank of England risks tipping the UK economy into recession if it raises interest rates too aggressively and wors...

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over 1 year ago
cityam.com

FTSE 100 live: Wall Street sell off spreads to London after Powell rate warning

London’s FTSE 100 was pulled into a sell off that gathered pace in Wall Street last night after US Federal Reserve ch...

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over 1 year ago
cityam.com

London businesses shelve hiring plans amid UK recession uncertainty

London businesses are the most reluctant to take on new staff in the UK due to uncertainty over whether the country w...

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over 1 year ago
cityam.com

Business groups question Bank of England Mann’s ‘greedflation’ claim

Business groups yesterday said many firms had no choice but to raise prices to offset high costs in response to a Ban...

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over 1 year ago
cityam.com

Federal Reserve chair Powell warns of ‘higher than expected’ rate peak and steep hikes to stun in...

The US Federal Reserve is prepared to heap more pressure on the world’s largest economy by returning to steep interes...

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over 1 year ago
cityam.com

FTSE 100 live: Interest rate jitters keep London index muted as house prices rebound

London’s FTSE 100 was muted today as investors sweat over whether central banks globally will punish their economies ...

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over 1 year ago
cityam.com

Jeremy Hunt is at sharp end of economic consensus on childcare revolution

It’s rare for consensus to emerge in economics. Quibbles about the role of the state in society, the level of taxatio...

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over 1 year ago
cityam.com

Chancellor to face 'tough choices' in delivering Spring Budget despite having to borrow £30bn less

Jeremy Hunt will be forced to make tough decisions in his upcoming Budget, experts have warned, despite the Chancello...

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over 1 year ago
cityam.com

Inflation in Europe rises to record high, raising spectre of steep ECB interest rate hikes

European inflation is running at record levels, piling pressure on the European Central Bank (ECB) to keep hiking int...

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over 1 year ago
cityam.com

FTSE 100 live: HSBC leads London index lower after MPs challenge shoddy saving rates

London’s FTSE 100 was roped into a European wide sell off today, dragged lower by Britain’s largest banks after polic...

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over 1 year ago
cityam.com

London must be given power to direct its economy to arrest historic productivity decline, study u...

London must be given greater power to direct its economy by central government to arrest a historic productivity decl...

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over 1 year ago
cityam.com

British factories on the mend as recession u-turn gathers pace

British factories are performing better than expected in another sign the economy is on course to perform a screechin...

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over 1 year ago
cityam.com

Cost of living crisis has forced families to take on £1.1bn debt and dig into savings, says Bank ...

Families are saving far less than they did over the course of the Covid-19 pandemic and maxing on credit cards to mai...

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over 1 year ago
cityam.com

Bank of England Governor Andrew Bailey warns interest rates may have to rise again to tackle infl...

Governor of the Bank of England Andrew Bailey has today warned interest rates may need to rise even higher to tame in...

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over 1 year ago
cityam.com

FTSE 100 live: Anglo American and Antofagasta receive China boost but Barratt drops after house p...

London’s FTSE 100 sprung higher today, propelled by investors piling into commodity giants after a batch of better th...

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over 1 year ago
cityam.com

More data points to UK economy avoiding recession but experts urge Hunt to prevent investment cli...

The prospect of the UK avoiding a recession after a batch of better than expected recent data has propelled business ...

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over 1 year ago
cityam.com

Rishi Sunak and Jeremy Hunt must help families with soaring childcare bills to strengthen UK econ...

Rishi Sunak and Jeremy Hunt should help young families with the cost of childcare to tackle worker shortages that are...

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over 1 year ago
cityam.com

ECB expected to hike rates to a record four per cent as central bank struggles to tame inflation

The European Central Bank (ECB) will hike interest rates to their highest level since the monetary authority of the g...

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over 1 year ago
cityam.com

FTSE 100 live: Ocado drags London premier index into red as pound strengthens after Sunak clinche...

London’s FTSE 100 lost ground today, held lower by middle class favourite and online supermarket Ocado tumbling after...

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