Inflation won’t disappear on its own. It’ll take a recession
City voices: Without economic pain, nothing changes
Bank of England and lenders are pulling in the opposite direction
City comment: As long as the Government keeps applying pressure to lower borrowing costs, bank shares are a clear sell
Bank holidays and good weather help UK retail sales grow again in May
That’s well ahead of the 0.2% decline predicted by economists
Bank of England: When will interest rates go down?
The Bank of England confirmed an increase in the base rate to its highest level since 2008
What if all this interest rate pain brings no gain on inflation?
City comment: Most rate-setters don’t have mortgages. How hard it is to pay one might be passing them by.
Bank of England mulls interest rate ‘jumbo hike’ amid inflation spiral
With inflation stuck at 8.7%, economists said a jump straight to 5% interest rates might be needed
Maybe a house price crash is just what our society needs
City Comment: Perhaps this shock to the market is overdue
Public expects inflation to fall to just 3.5% by next May
Inflation expectations were down from 3.9% in the previous survey
Fundamentals need fixing to save the IPO revival
City comment: Global confidence in UK capital markets remains low
ECB ups inflation forecasts as it hikes rates by quarter point
It now expects inflation to be even higher than previously thought.
Enjoy the weather this week - we can look at economic forecasts later
City Comment: There’s a summer to enjoy
Interest rate hikes have only begun to hit households, economist says
“Higher interest rates will soon bite harder”
Mortgage panic leads purchases to fall through as HSBC pulls loans
Yesterday afternoon HSBC became the latest top player to pull its loans
Eurozone entered mild recession over winter, revised figures show
GDP dipped by 0.1% in back-to-back quarters, which is the shallowest recession possible
Homebuilding decline will only make London’s housing crisis worse
City comment: The sharp decline in residential building is a relief to homeowners… but a big problem for those trying to get on the property ladder
Interest rate fears drive fastest housebuilding decline in three years
The data “will send a chill down the spine of the UK economy”, economist Dr John Glen said
It’s still too much of a man’s world leading business
City comment: progress on gender diversity appears to be glacially slow
The sorry state of the Bank of England’s battle with price hikes
City comment: At least the Bank’s old approach was consistent
Interest rates: Consumers drowning in debt as inflation bites
Mortgage, credit card, student loans and other debt has rocketed since Covid ended
Weakening consumer finances show the need for investment not subsidies
Policy subsidies, take up a great deal of government time and obscure the underlying issue which is making us collectively poorer
Retail sales rebound as high street defies ‘cataclysmic predictions’,
Growth was ahead of expectations at 0.5%, according to today’s official figures
How giant pieces of spyware are shaping our views and our world
City Voices: We deserve the right to live our digital lives on our own terms
Average UK household has lost £5,455 to inflation over past two years
The UK’s inflation rate has been stuck above 10% for each of the last seven months
No politics, just economics— an economist’s stance on migration
Some thoughts on migration with a difference — no politics, just economics
If we don’t build more and secure TfL funding, London will fall behind
City voices: London has always bounced back, but it needs a new vision to do so, John Dickie writes
Home repossessions are up 50%. Should we be worried?
City Comment: It’s not the Nineties again, but repossessions tell us a lot about the level of serious debt pain in the economy
Pocket money beats inflation, rising to £6.42 per week
Six-year-olds saw the biggest rise in their pocket money, receiving £3.94 per week
Bank of England governor: We couldn’t have pre-empted inflation crisis
Bailey said the only way to have prevented soaring inflation would have been to hike rates “well into double-digits” at the height of the pandemic
What is the ‘tourism tax’ affecting London and how might it change?
Businesses are urging the prime minister to reinstate tax-free shopping for tourists
Cooling in jobs market reduces Bank of England rate hike pressure
The unemployment rate for the January to March quarter rose 0.1% to 3.9%
Supermarkets investigated over food and fuel prices
The findings will likely trigger further claims that big companies are profiting off the cost-of-living crisis via ‘greedflation’
Economy might be stalling, but be thankful for our strong job market
City Comment: The GDP graph is now barely flickering, but remarkably few people are involuntarily out of work
UK office occupancy hits highest level since lockdown
Occupancy picked up steam in the post-Easter period
Deutsche Bank to buy Numis for £410m to get closer to top London firms
Some jobs could be lost in the deal, but Deutsche said these losses are “not expected to be material”.