Britain is winning back credibility in the gilt markets but this still needs to be followed through with stable policymaking, a senior Bank of England rate-setter has said.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Rishi Sunak tells Tory party: Unite or die
Rishi Sunak warned Conservative MPs to “unite or die” as he became the party’s third leader in two months.
Frasers builds 5% stake in Asos to become fourth-largest investor
Online fashion retailer Asos is poised to confirm that the billionaire retailer Mike Ashley has built up a stake of more than 5% in the company.
Former BoE governor Lord King thinks austerity could be more difficult this time round
Average earners, rather than the wealthy, will be required to pay significantly higher taxes to finance higher public spending in the UK, the former governor of the Bank of England said on Sunday.
Liverpool dock workers begin two-week strike after talks end in ‘chaos’
Hundreds of dock workers at one of the UK’s largest container ports are beginning a fresh two-week strike in a dispute over pay, which could further disrupt the country’s supply chains.
Sunak’s £520 million SME Help To Grow scheme set to be axed in cost cutting drive
Rishi Sunak’s £520 million scheme to improve the productivity of Britain’s small companies faces the chop as part of a review of business support in Whitehall to find cost savings.
Half of UK shoppers to cut back on spending for Christmas gifts
Almost half of shoppers plan to rein in their Christmas spending this year, with a sharp jump in the proportion of people worried about the impact on their finances, new research has found.
Consumers rein in spending as confidence falls to a record low
Consumer confidence has fallen to a record low as households cut back on leisure spending to save money amid soaring inflation.
Rishi Sunak set to make history as Boris Johnson quits race for No 10
Boris Johnson pulled out of the Conservative leadership contest yesterday, paving the way for Rishi Sunak to become Britain’s next prime minister.
Sales growth cools at Deliveroo as customers lose appetite for takeaways
Deliveroo gave warning that its sales growth would be at the lower end of previous guidance as rising prices prompt consumers to cut back on takeaways.
Almost 8m people in UK struggling to pay bills, says City watchdog
Millions of people in the UK are struggling to pay their bills, according to the City watchdog, which said a growing proportion of the population is having trouble making ends meet.
Zara enters resale market with pre-owned service
Zara is to help its UK shoppers resell, repair or donate clothing bought from the Spanish fashion chain in an effort to reduce its environmental impact.
Elon Musk ‘planning to fire’ 75% of Twitter workers as $44 billion takeover edges closer
Elon Musk is considering cutting Twitter’s workforce by almost 75 per cent, as the deadline for his $44 billion takeover of the social media group edges closer.
National Grid will pay households hundreds of pounds for putting washing on after 9pm
Households with smart meters could earn hundreds of pounds by using less electricity at peak times this winter as part of efforts to avoid blackouts.
Arrival, one of UK’s most exciting electric auto manufacturer to move to incentive friendly US
One of Britain’s most exciting automotive zero-emission start-ups is to quit the country for the United States, where it says incentives are better for industry.
















