London (Parliament Politics Magazine) – The BoE has decided to keep interest rates at 4.75%, highlighting the economic conditions and inflation concerns following Chancellor Rachel’s budget and global trade uncertainties. The Bank of England monetary policy committee maintained interest rates at 4.75%
London (Parliament Politics Magazine) – UK inflation saw a rise to 2.6% in November, the highest increase since March, driven by rising costs in clothing, fuel and ticket prices. The Consumer Prices Index (CPI) hit 2.6% in November from 2.3% in October,
London (Parliament Politics Magazine) – The British government has accepted Czech billionaire Daniel Křetínský’s £3.6bn acquisition of Royal Mail’s parent company, making it the first time the historic postal service will be owned by a foreign investor. The deal was approved by
London (Parliament Politics Magazine) – Job vacancies in the UK declined in November, marking the steepest fall since the pandemic, with business confidence dropping to its lowest in nearly two years. The new monthly report from KPMG and the REC reveals a
London (Parliament Politics Magazine) – UK house prices hit a record high of £298,083 in November, with a 1.3% monthly increase, marking the fifth consecutive increase, although affordability remains a concern for many buyers, especially first-time purchasers. According to the UK’s biggest
London (Parliament Politics Magazine) – CBI warns of negative growth expectations for the first time in 2024, with firms forecasting declines across sectors after the government’s recent budget and tax hikes. According to the CBI’s latest Growth Indicator, the private business sector
London (Parliament Politics Magazine) – The Bank of England highlighted rising trade barriers and financial uncertainty as threats to growth and inflation, though UK banks are well-capable. Starting in 2025, stress tests will be conducted every two years to focus on broader
London (Parliament Politics Magazine) – ONS data reveals UK net migration hit a record 906,000 in 2023, revised figures show, with stricter visa rules under Rishi Sunak causing a sharp decline. Britain’s net migration hit a record 906,000 last year in June
London (Parliament Politics Magazine) – Nationwide revealed a £2.3bn gain from its Virgin Money Purchase, with the bank’s assets now worth £5.1bn, exceeding expectations. However, the deal proved profitable, but Nationwide’s profit dropped to 43%. Nationwide Building Society reported on Monday that
London (Parliament Politics Magazine) – The Financial Conduct Authority (FCA) fined Macquarie Bank £13m for serious control failures that allowed a junior trader to record over 400 fake trades, costing the bank £46m to resolve. Macquarie Bank’s London office has been fined
