8 h. ago Bank of England must better address climate risk to tackle inflation, WWF says

The central bank is being urged to take a series of actions to better respond to environmental risks.

Economics

23 h. ago Bank ‘unlikely’ to cut interest rates but decision a close call, experts say

The Bank’s Monetary Policy Committee will make its next decision on interest rates on Thursday.

Politics

68 h. ago London Stocks Ease After Recent Rally; Focus Shifts to Budget, Bank of England

London Stocks Ease After Recent Rally; Focus Shifts to Budget, Bank of England  US News Money

Economics

2 d. ago Harrison Ford says Trump’s assault on climate policy ‘scares the shit out of me’

Indiana Jones star calls US president one of history’s greatest criminals for attacks on science and boosting of fossil fuelsHarrison Ford has said that Donald Trump’s assault upon measures to address the climate crisis “scares the shit out of me” and makes the US president among the worst criminals in history.In a blistering attack upon the president, Ford told the Guardian that Trump “doesn’t have any policies, he has whims. It scares the shit out of me. The ignorance, the hubris, the lies, the perfidy. [Trump] knows better, but he’s an instrument of the status quo and he’s making money, hand over fist, while the world goes to hell in a handbasket.” Continue reading...

Events

3 d. ago House price growth slips back amid subdued buyer confidence, Nationwide says

Nationwide said UK house price growth fell month-on-month in October to 0.3% from 0.5% in September.

Economics

3 d. ago New mortgage price war breaks out amid property market torpor

Some City analysts believe another rate cut from the Bank of England could come as soon as next week

Economics

3 d. ago Bank of England's £200bn gold bars will be left 'vulnerable' when security guards strike in pay row, union bosses say

Around 40 security guards represented by union Unite are set to walk out next month, leaving the Bank of England 'at risk'.

Economics

5 d. ago New Zealand beat England by five wickets in second men’s cricket one

Hosts secure series victory after win in second ODI Sign up to The Spin newsletter | And email Tom4th over: England 25-1 (Smith 13, Root 11) Jamie Smith clatters a pull shot to the midwicket fence for four and then picks up a single in the same region. Root continues his busy start with a single past point and Jamie Smith then plays a nonchalant flick for SIX onto the grass bank on the leg side.3rd over: England 13-1 (Smith 2, Root 10) Joe Root is the new batter. He whips Duffy off his pads for two and then times the next one even better for four. Root then pings a drive through cover for four more! Ten runs and the wicket of Duckett off the over. Continue reading...

Politics

5 d. ago Bank of England to hold rates this quarter and resume cutting early 2026

Bank of England to hold rates this quarter and resume cutting early 2026  Reuters

Politics

6 d. ago Mansion tax idea is incoherent, former Bank of England boss warns Reeves

Lord King, who ran the Bank of England for ten years, said problems will not be resolved by ‘just adding another wealth tax’

Events

9 d. ago Wall Street hits record highs after US inflation report fuels interest rate cut hopes – business live

US consumer prices rose by less than expected last month, as markets digest breakdown of trade talks with CanadaUS prices rose at a 3% annual rate in September, slightly beating forecastsNewsflash: Conditions appear to be improving in the UK economy this month.The latest poll of purchasing managers at British firms has found that growth is picking up after the lull in September, partly helped by the resumption of manufacturing at Jaguar Land Rover after its recent cyber attack.“October’s flash UK PMI survey brings hope that September was a low point for the economy from which business conditions are starting to improve.Output has picked up, with a particularly welcome return to growth for manufacturing for the first time in over a year accompanied by an upturn in demand for services, notably among consumers. Business confidence has also brightened slightly, job losses have moderated, and inflationary pressures are coming back to levels consistent with the Bank of England’s 2% target...

Economics

9 d. ago Rachel Reeves is in a desperate search for scapegoats for her own incompetence

At the City of London Regulators' dinner at the Mansion House, a deputy governor of the Bank of England was positively lyrical about how the UK was faring after cutting ties with Brussels.

Politics

9 d. ago Business conditions ‘starting to improve’ in UK economy as activity picks up – business live

Rolling coverage of the latest economic and financial newsNewsflash: Conditions appear to be improving in the UK economy this month.The latest poll of purchasing managers at British firms has found that growth is picking up after the lull in September, partly helped by the resumption of manufacturing at Jaguar Land Rover after its recent cyber attack.“October’s flash UK PMI survey brings hope that September was a low point for the economy from which business conditions are starting to improve.Output has picked up, with a particularly welcome return to growth for manufacturing for the first time in over a year accompanied by an upturn in demand for services, notably among consumers. Business confidence has also brightened slightly, job losses have moderated, and inflationary pressures are coming back to levels consistent with the Bank of England’s 2% target. Continue reading...

Economics

9 d. ago Business condition ‘starting to improve’ in UK economy as activity picks up – business live

Rolling coverage of the latest economic and financial newsNewsflash: Conditions appear to be improving in the UK economy this month.The latest poll of purchasing managers at British firms has found that growth is picking up after the lull in September, partly helped by the resumption of manufacturing at Jaguar Land Rover after its recent cyber attack.“October’s flash UK PMI survey brings hope that September was a low point for the economy from which business conditions are starting to improve.Output has picked up, with a particularly welcome return to growth for manufacturing for the first time in over a year accompanied by an upturn in demand for services, notably among consumers. Business confidence has also brightened slightly, job losses have moderated, and inflationary pressures are coming back to levels consistent with the Bank of England’s 2% target. Continue reading...

Economics

1 week ago Bank of England’s finance chief Afua Kyei named most influential black Briton

Ms Kyei said she was ‘delighted that someone in the public sector and financial services is being recognised in this way’.

Economics

1 week ago UK manufacturers hit by largest drop in orders since 2020; FTSE 100 hits record high – business live

Shares in oil companies jump after US sanctions Russian energy firms, while manufacturers see weak prospects aheadYesterday’s weaker-than-expected UK inflation report has sparked chat that the Bank of England could cut interest rates sooner than expected.Deutsche Bank say there is now an “interesting debate” on whether there may be enough ammunition for the Bank’s monetary policy committee to cut borrowing costs as soon as its next meeting in early November.What’s the case for November? Relative to the Bank’s projections, growth has surprised to the downside, private sector AWE growth has surprised to the downside, unemployment has risen in line with Bank expectations, and inflation now sits a healthy amount below the Bank’s projections. Indeed, one could make the argument that the ingredients for a November rate cut are there.So, why not November? We think three things will be important for the MPC to see before dialling down restrictive policy again. One, the MPC may want to see s...

Economics

1 week ago UK manufacturers hit by largest drop in orders since 2020; FTSE 100 hits fresh record high – business live

Shares in oil companies jump after US sanctions Russian energy firms, while manufacturers see weak prospects aheadYesterday’s weaker-than-expected UK inflation report has sparked chat that the Bank of England could cut interest rates sooner than expected.Deutsche Bank say there is now an “interesting debate” on whether there may be enough ammunition for the Bank’s monetary policy committee to cut borrowing costs as soon as its next meeting in early November.What’s the case for November? Relative to the Bank’s projections, growth has surprised to the downside, private sector AWE growth has surprised to the downside, unemployment has risen in line with Bank expectations, and inflation now sits a healthy amount below the Bank’s projections. Indeed, one could make the argument that the ingredients for a November rate cut are there.So, why not November? We think three things will be important for the MPC to see before dialling down restrictive policy again. One, the MPC may want to see s...

Economics

1 week ago UK manufacturers hit by largest drop in orders since 2020; Oil price jumps after Rosneft and Lukoil sanctioned – business live

British manufacturers see the weakest prospects for orders since Covid-19 pandemic, CBI reports, after demand weakened in last three monthsYesterday’s weaker-than-expected UK inflation report has sparked chat that the Bank of England could cut interest rates sooner than expected.Deutsche Bank say there is now an “interesting debate” on whether there may be enough ammunition for the Bank’s monetary policy committee to cut borrowing costs as soon as its next meeting in early November.What’s the case for November? Relative to the Bank’s projections, growth has surprised to the downside, private sector AWE growth has surprised to the downside, unemployment has risen in line with Bank expectations, and inflation now sits a healthy amount below the Bank’s projections. Indeed, one could make the argument that the ingredients for a November rate cut are there.So, why not November? We think three things will be important for the MPC to see before dialling down restrictive policy again. One, ...

Economics

1 week ago Bank watchdog boss says ‘plenty to worry about’ including AI bubble risk

Sam Woods also told City bosses and top bankers that potential US banking reforms would be ‘highly risky’.

Economics

1 week ago UK inflation unexpectedly holds steady and bolsters hopes of November rate cut

Inflation in the U.K. has unexpectedly held steady in the year to September, according to official figures released Wednesday

Economics