4 d. ago BoE economist: Interest rates may not fall as much as forecast as prices rise

Interest rates may not fall as quickly or as steeply as expected, Bank of England economist Huw Pill has warned on amid signs of resurgent inflation.

Economics

3 w. ago Former EastEnders star Martine McCutcheon is declared bankrupt less than a year after split from husband

It has been revealed that the former EastEnders actress has filed a petition for insolvency due to a debt she owes to a finance company

Politics

3 w. ago EastEnders star Martine McCutcheon is declared BANKRUPT... 11 months after ending her marriage

The 49 year old actress - who also appeared in Love Actually - filed a petition for her insolvency over a debt to a finance company, official public records reveal.

Politics

3 w. ago Company insolvencies fall in England and Wales, in ‘glimmer of relief’; Trump blasts Fed board – business live

Rolling coverage of the latest economic and financial newsBusinesses are still in “tough” times, despite the drop in insolvencies in June, cautions David Hudson, restructuring advisory partner at FRP.Hudson says:“The slight fall in insolvencies this month offers a glimmer of relief – especially for hospitality and retail businesses, which are now reaping the benefits of record hot weather. However, we’re still in tough territory. Consumer confidence remains stubbornly low, growth is stuttering – with GDP dipping again in May. June’s unexpected jump in inflation will only serve to continue eroding profit margins and consumer demand.“This environment is forcing businesses to fight on multiple fronts. Many will likely only be experiencing breathing space after dramatically paring back costs. Until demand shows a more sustained recovery and input costs ease further, there’s a risk that this reprieve is just a pause rather than a turning point.” Continue reading...

Politics

3 w. ago 'Climate change doesn't exist,' says Reform UK mayor Andrea Jenkyns despite third heatwave of summer

Her comments came as the East and West Midlands became the latest areas of England to fall into drought as the country struggles with the driest start to the year since 1976

Society

3 w. ago Trump offers regulatory relief for coal, iron ore and chemical industries

President Donald Trump is granting two years of regulatory relief to coal-fired power plants, chemical manufacturers and other industries as he seeks to reverse Biden-era regulations he considers overly burdensome

Politics

last month Bank of England governor says jobs slowdown could prompt rate cut; European markets fall after Trump tariff threat – business live

Rolling coverage of the latest economic and financial news, as Andrew Bailey insists: “I think the path [for interest rates] is down”.Donald Trump’s threat to impose a 30% on European Union imports from next month is weighing on European stock markets this morning.Most of Europe’s markets have dropped at the start of trading, pulling the pan-European Stoxx 600 index down by 0.6%.Inadvertently or otherwise the President is testing the market’s patience. At a time when investors had seemingly brushed aside the likelihood of the base line of tariffs settling at 10%, the new pronouncements suggest a level of between 15% and 20% being the norm, with additionally punitive numbers on the likes of Canada at 35% adding to the uncertainty.The so-called “TACO” trade will therefore be tested again, with markets drifting in the US on Friday and futures currently suggesting a similar fall today. In addition, and as the new 1 August extension approaches, nerves are likely to jangle. Continue readi...

Economics