Strong wage growth gives Bank of England interest rate dilemma
Quick cuts unlikely because persistently high pay rises will probably be deemed inflationary UK pay growth rises 6% despite job loss warnings after Reeves’s budget Business live – latest updates There was a brief period when the Bank of England was poised to cut interest rates and cut
Read MoreUK pay growth rises 6% despite job loss warnings after Reeves’s budget
Unemployment rate unchanged in three months to December, while vacancies increased in January Business live – latest updates The pay of UK workers grew sharply in December and unemployment remained unchanged despite warnings from business that Rachel Reeves’s autumn budget would lead to job losses. Figures from the
Read MoreThe Guardian view on Rachel Reeves’s spending cuts: a choice, not an economic necessity | Editorial
The spring statement casts austerity as unavoidable, but Labour is clinging to economic myths while ignoring the tools of power The chancellor’s spring statement arrives with the sombre tone of inevitability. Britain, we’re told, must tighten its belt. Welfare payments for the sick and disabled will be shrunk.
Read MoreUK and US hit major milestone in development of hypersonic weapons
UK hypersonic research, which could see weapons travelling at several thousand miles per hour, has reached a landmark moment after successful completion of a major testing programme. HM GovernmentSource
Read MoreLabour’s economic strategy is outdated. I can fix that | Jagjit Chadha
The last thing we need from Wednesday’s spring statement are incremental changes to tax and spending. Let’s have a clear plan Jagjit Chadha is professor of economics at Cambridge University and a former academic adviser to HM Treasury, the Bank of England and the Treasury select committee Britain
Read MoreGovernment-branded merchandise and away days banned
Spending taxpayer money on unnecessary branded merchandise and staff ‘away days’ will be banned in the latest crackdown on wasteful spending across departments HM GovernmentSource
Read MoreHow to Protect Your Retirement Savings Now as Markets Plunge
Market gains historically have come in unpredictable spurts, so don’t think you can bail out of stocks now and then jump back in when the market stabilizes. Diane HarrisSource
Read MoreWith the Worst U.S. Stock Market In Years, Try Some Old-Fashioned Investments
People have avoided huge losses by holding old-fashioned, well-balanced investments, an approach our columnist is banking on for the future. Jeff SommerSource
Read MoreUK economy shrinks unexpectedly in blow to Rachel Reeves
ONS data showing 0.1% fall in GDP in January comes less than two weeks before chancellor’s spring statement Analysis: Shrinking economy an unhelpful backdrop for Reeves’s growth push Business live – latest updates The UK economy contracted by 0.1% in January, dealing a blow to Rachel Reeves before
Read MoreTop City watchdogs drop new diversity and inclusion rules for firms
FCA and Bank of England’s PRA join retreat from efforts to help underrepresented groups, citing ‘regulatory burdens’ Peers working for City firms dominate Lords scrutiny panel FCA scraps plan to ‘name and shame’ UK firms under investigation Business live – latest updates The City’s top two regulators have
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