19 hours ago Wall Street hits record high after Scott Bessent nominated as US Treasury secretary – business live

Bonds rally and dollar dips as investors welcome choice of billionaire hedge fund manager Bessent as next Treasury secretaryNewsflash: A deputy governor at the Bank of England has warned that it is “too early to declare victory” in the fight against inflation.Clare Lombardelli has told a conference organised by King’s Business School this morning that inflation has fallen steeply over the past two years. But, she is concerned that there are signs that the process of “wage disinflation” may be slowing, which would keep the cost of living rising faster than the Bank’s target.The outlook for wages and services prices is unclear from here.We need to see more evidence that wage growth and services inflation will continue their journey down to target-consistent rates.The UK economy has made g...

Society

22 hours ago Wall Street heading for record high after Scott Bessent nominated as US Treasury secretary; Barclays fined £40m over 2008 Qatari deal – business live

Bonds rally and dollar dips as investors welcome choice of billionaire hedge fund manager Bessent as next Treasury secretaryNewsflash: A deputy governor at the Bank of England has warned that it is “too early to declare victory” in the fight against inflation.Clare Lombardelli has told a conference at the Bank this morning that inflation has fallen steeply over the past two years. But, she is concerned that there are signs that the process of “wage disinflation” may be slowing, which would keep the cost of living rising faster than the Bank’s target.The outlook for wages and services prices is unclear from here.We need to see more evidence that wage growth and services inflation will continue their journey down to target-consistent rates.The UK economy has made good progress on disinfla...

Economics

34 hours ago Tax expert used by BBC Verify to back its analysis of the inheritance tax row with farmers now says Labour's policy needs to change

Dan Neidle, who was quoted by the BBC's 'truth checking' unit, had criticised 'over-the-top coverage on the tax changes, but since said the Budget changes would hit farmers 'too hard'.

Events

34 hours ago Tax rises in Budget will ‘hit growth’ of UK companies, business chief will warn

CBI boss will say measures announced by government have made it harder for firms to ‘take a chance’ on hiring new people

Events

34 hours ago Labour's Budget tax bomb will hit growth, investment and jobs, business chiefs warn

The CBI says that the £25billion National Insurance raid has pushed industries such as retail and hospitality into 'crisis containment' while other sectors are now focusing on 'damage control'.

Events