After voting 8-1 to not change monetary policy, the Bank of England held interest rates at 5%. The nine-strong monetary committee announced that it would adopt a “gradual” approach to
Economy42- Page
787Articles
According to the shadow monetary committee, Bank of England’s interest rate should remain unchanged at 5% this month. It also needs to accelerate its gilt sales. The shadow MPC, which
According to a report on Britain’s missing workers, the UK workforce is shrinking faster than it has in the past 40 years, costing £25 billion annually and adding $£16 to
After the annual inflation rate in the UK remained at 2.2% in August, it is expected that Bank of England will keep interest rates unchanged on Thursday. Official figures reveal
US consumer spending was unexpectedly high in August despite a slowdown on the labour market.The US Department of Commerce Census Bureau reported that retail sales rose by 0.1 percent after
A left-of centre think-tank said that the government should invest £15bn per year in a radical reform programme designed to improve national prosperity and wellbeing. The Institute for Public Policy
Kingfisher, the owner of B&Q, has increased its forecast for its lower end despite a weaker demand for high-ticket items. Its French business is also still struggling. As a result
AllSaints has achieved another record-breaking year in terms of revenue and profit. The fashion retailer’s sales and John Varvatos (its American subsidiary brand) rose by 0.6 percent to £459.5 in
According to a new analysis, the Bank of England’s decision of selling back bonds to investors to reduce its balance sheet quickly could cost the government as much as £96
Rachel Reeves was warned that closing the private equity loophole, which would raise at least PS500m, could lead to a mass exodus of rich individuals and reduce the revenue that
The European Central Bank has cut interest rates a second year in a row amid growing concerns over a possible recession in the Eurozone. The 20 central banks that use
John Lewis Partnership said that it was on track to grow profits “significantly” this year, after recovering the “buzz”, and cutting losses while refocusing on its core business. The employee-owned
Spread-betting specialist IG Group has reported a 15% increase in revenue for its first quarter. This was driven by increased trading activity, as customers tried to take advantage the market
Mountain Warehouse is planning to open 50 new stores in the UK next year, despite fears that the high street will die. Outdoor clothing chain, The Outdoor Clothing Company, has
A report claims that the online gambling industry, worth billions of pounds, has had “negative impacts” on the UK’s economy. The report was commissioned by Campaign for Fairer Gaming, and
The concrete test track in Bedfordshire is a circular swath through lush countryside. It’s usually the place where high-performance vehicles are tested, but last weekend it was a less frantic
