City Voices: A grand genture is needed from the Chancellor in the Autumn Statement
Other prospective bidders, Andrew Bailey said, either never submitted a firm offer or attached terms the Bank couldn’t agree to
City Comment: We’re never more than a day away from a fresh bout of panic
The quarter-point rise comes amid growing talk in the City that rates are now near their peak
The announcement came as the bank announced it would raise interest rates to 4.25%
To hike or not to hike: the US central bank’s dilemma as interest rates bite into banks but its inflation fight is not yet over
Investors are looking ahead to a brace of potentially explosive interest rate decisions later in the week
The clearing bank is the first confirmed bidder for the UK arm of the collapsed Silicon Valley Bank
The UK building sector had its worst month in almost a year, but there may be signs of greater resilience in the London housing market
42% of Londoners think they are underpaid, but only 30% will ask for more money, a survey has found
The amount of people aged between 16 and 24 who are not in employment, education or training was up to 11.5%
Monetary Policy Committee member Catherine L Mann added that the longer inflation persists, the harder it will be to fight
However, salary increases could be slowing more quickly than price rises
UK is also ranked ninth of 20 European countries in graduate finance salaries
Recent research on the rise of so-called ‘necessity entrepreneurs’ in the UK has shown that around 50% of under 35’s now have side hustles, writes Professor Stefan Allesch-Taylor
Data based on spending by Revolut card users found “in-store spending remained flat”
City Comment: Hunt’s good fortune may well turn out to be more for Keir Starmer’s benefit than Rishi Sunak’s
February private-sector output was up for the first time since July 2022, according to S&P; Global
City Comment: London may finally be recovering its pre-Brexit poise
The latest deal is the third pay rise negotiated by union Usdaw for Tesco workers in the space of 10 months
A delegation from Western Australia is coming to the capital to recruit police officers, nurses and a range of other workers
City Comment: It’s too soon to let remuneration rip
City Comment: CEO Chris O’Shea will have to divert his energies towards restoring British Gas’s reputation before he can turn his attention to his day job
Revenue and profit both grew in 2022 thanks to strong performances for its money and travel arms
City Comment: We’re far from the high-water mark of labour unrest when union bosses made the country close to ungovernable
UK companies are preparing the biggest pay rise in years as they struggle to fill open roles
City Voices: Effective public policy can ensure that emerging technologies improve productivity and working conditions, not replace workers
Is it a problem that nobody can hold down the Business Minister position for long?
The digital currency would be issued by the Bank of England and could be used by households and businesses for everyday payments in-store and online
Catherine L. Mann said the risk of being too cautious in raising rates is greater than the risk of being too aggressive.
The capital’s economy took a harder hit from Covid than any other region when its lifeblood of daily commuters and tourists dried up
City comment: Economic crime ultimately hits all of us through higher prices and insurance premiums
The firm said vacancy rates for warehousing fell to near-historic lows, as businesses scrambled for extra storage space to hold their swelling inventory levels after a drop-off in consumer demand
Bankers are paid to dream up clever ways to make money, and occasionally one of their schemes breaks cover, as we saw earlier this month with the derivatives bought by pension funds
Britain’s new prime minister needs to be fiscally conservative, provide targeted support for the very poorest, and implement radical supply side reforms.
