4 h. ago Top Bank of England economist dents hopes of interest rate cuts due to 'stubborn' inflation

Chief economist Huw Pill said rates will probably need to be cut more slowly. The warning came with inflation in the UK the highest in the G7 at 3.8 per cent.

Economics

5 h. ago Bank of England’s top economist calls for ‘more cautious’ interest rate cuts

Huw Pill, chief economist at the Bank, said in a speech in London that he ‘would expect further cuts’ in the coming year.

Economics

40 h. ago Reeves faces Budget ‘groundhog day’ without bold action, says IFS

The think tank said it expects the Chancellor will need to find at least £22 billion next month.

Politics

3 d. ago ‘Rising’ risk UK economy will fall into negative growth, says Bank’s Taylor

The rate-setter said he thinks the likelihood of a ‘soft landing’ following the recent uptick in inflation is now receding.

Economics

3 d. ago Wage growth slips back as jobless rate hits highest since 2021 – ONS

The ONS said there were signs of the jobs market downturn ‘levelling off’, with a rise in UK workers on payrolls, up 10,000 between July and August.

Events

4 d. ago Fresh fears for homeowners and buyers as mortgage rates creep back up

Average two and five-year fixed mortgage rates have risen for the first time in months

Economics

4 d. ago Global financial system susceptible to shocks, Bailey warns G20

Andrew Bailey, chairman of the Financial Stability Board, the fiscal risk watchdog for the G20, urged greater multilateral co-operation.

Events

4 d. ago Worry for homeowners as average mortgage rates rise for first time since February

Higher than expected inflation has dashed hopes of a series of interest rate cuts from the Bank of England

Politics

4 d. ago Average mortgage rates rise for the first time since February

Higher than expected inflation has dashed hopes of a series of interest rate cuts from the Bank of England

Politics

7 d. ago Rare £5 Bank of England note goes on sale – its value is staggering

The rare Bank of England note, thought to date back to around 1892, is thought to have come from a branch in the West Midlands

Economics

7 d. ago Rare £5 Bank of England note goes up for sale and the valuation is jaw

The 133-year-old five pound note, that dates back to May 5, 1892, has now gone up for sale for a staggering £25,000 - 5,000 times more than its original worth

Economics

7 d. ago Klarna boss says AI has let it cut workforce in half and boost staff pay

Sebastian Siemiatkowski said there is a ‘massive shift’ coming to society as a result of AI.

Economics

7 d. ago Watch out for black swans: The trigger for financial crashes rarely is predicted by watchdogs, says ALEX BRUMMER

These are tense days for capital markets with warnings from the Bank of England and International Monetary Fund over inflated AI valuations.

Events

7 d. ago Reeves tells summit she has always felt she has ‘something to prove’ as a woman

The Chancellor told the Women in Work Summit in London she was determined to improve the lives of women through her work in Government.

Politics

8 d. ago Higher interest rates will strengthen household spending, Bank policymaker says

Catherine Mann said interest rates need to stay higher for longer in order to tackle elevated inflation in the UK.

Economics

8 d. ago Footsie and gold soar to record highs as investors shrug off Bank of England's AI 'correction' warning

On a record-breaking day on financial markets, the FTSE 100 rose 0.7%, or 65.29 points to an all-time high of 9548.87, while bullion hit $4,059 an ounce.

Events

8 d. ago Fed officials were cautious about inflation as they agreed rate cuts

Minutes from US central bank’s September meeting showed lingering concern about price pressures

Politics

8 d. ago ALEX BRUMMER: The signs of a global financial crash are everywhere. Gold's hit record prices... we'd be wise to prepare for catastrophe

About a quarter of a century ago, when I was researching a profile of the Bank of England, I was invited to tour its vast vaults.

Events

8 d. ago Inflation target provides clear benchmark, says Bank of England chief economist

The target has helped to anchor longer-term inflation expectations, Huw Pill said in a speech.

Economics

9 d. ago Bank of England warns of risk of AI market correction; gold hits new $4,000 an ounce record – business live

Soaring tech valuations could drop amid potentially ‘disappointing’ progress on AI, central bank says; gold has doubled in two years and extends 50% rally so far this yearPeter Hargreaves, the billionaire co-founder of Hargreaves Lansdown, is retiring from the UK’s largest personal investment site, seven months after its £5.4bn acquisition by private equity firms. Hargreaves, 79, who set up the business in 1981 in the back bedroom of his house in Clifton with Stephen Lansdown, is handing his board position to his son Robert and said this “marks a proud new chapter in the family legacy”. His firm pioneered “DIY” investments, allowing people to invest directly in shares via its website without costly financial advisers.The Bristol-based company said he had rejoined the board earlier this year to “provide continuity and support through a period of change” following its takeover by a private equity consortium of Jersey-based buyout giant CVC Capital Partners, Sweden’s Nordic Capital and...

Events