CMA publishes final report on Spreadex / Sporting Index deal
Independent CMA panel found Spreadex’s purchase of Sporting Index would reduce specialist betting providers from 2 to 1. HM GovernmentSource
Read MoreUK inflation holds steady at 3.8% as fuel prices offset falling air fares
Annual August rate released as Bank of England considers holding interest rate at 4% to tackle rising prices Business live – updates UK inflation held steady in August, official figures show, maintaining pressure on households as the Bank of England prepares to keep borrowing costs at elevated levels.
Read MoreLabour must rethink growth strategy to curb rise of far right, says top economist
Former Bank chief economist Andy Haldane says left-behind communities need investment to stem populist tide Defeating far-right populism will require Labour to radically overhaul its “arid” approach to raising living standards in left-behind communities, the former Bank of England chief economist has said. Andy Haldane warned that Labour’s
Read MoreUK businesses cut jobs at fastest pace in four years over summer, Bank of England finds
Companies say increase in employer national insurance contributions has forced them to cut jobs and raise prices UK businesses cut jobs at the fastest pace in four years over the summer, according to a Bank of England survey highlighting the impact from tax rises on employers. The monthly
Read MoreLabour should beware Nigel Farage weaponising its part in the cost of living crisis | Richard Partington
Autumn budget must address pain of high inflation on hard-pressed UK households as food prices rise “These prices are disgusting” is the common retort from shoppers browsing the supermarket shelves. To say that the cost of everything from a pint of milk to a loaf of bread has
Read MoreWhat is quantitative tightening and how has it affected UK finances?
The Bank of England’s disposal of the bonds it bought after the 2008 financial crisis is being slowed down The Bank of England has announced that it will scale back its multibillion-pound “quantitative tightening” programme. The process is significant for the UK economy and the public finances. But
Read MoreBank of England urged to slow bond-selling plan to help cut record UK borrowing costs
Ex-MPC members say ‘quantitative tightening’ should be scaled back or halted entirely, saving the Treasury up to £10bn a year Andrew Bailey has been urged by former Bank of England policymakers to ease pressure on the government’s borrowing costs by cutting back its bond-selling plans. In a crunch
Read MoreBank of England show to remember lost splendours of Sir John Soane building
Exhibition explores Bank’s former grandeur and its rebuilding under Sir Herbert Baker that began 100 years ago A century ago the wrecking ball demolished the halls, courtyards, arches and domes of one of London’s best-loved buildings in what the architectural historian Nikolaus Pevsner would decry as “the greatest
Read MoreBank’s interest rate vote and bond plans are little help to Reeves before budget
Holding borrowing rates and continuing bond sell-offs were widely expected but an alternative was available Business live – latest updates “Gradual” and “predictable” are the watchwords at the Bank of England. But for Rachel Reeves, preparing for a tough autumn budget, a more activist approach from Threadneedle Street
Read MoreBank’s interest rate vote and bond plans are little help to Reeves ahead of budget
Holding borrowing rates and continuing bond sell-offs was widely expected but could be costly for chancellor Business live – latest updates “Gradual” and “predictable” are the watchwords at the Bank of England. But for Rachel Reeves, preparing for a tough autumn budget, a more activist approach from Threadneedle
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