Economic News
BoE's Bailey flags risks of energy inflation becoming more embedded
A slower decline in energy prices than was expected up to just a few months ago risked embedding them for longer in overall inflation pressures, the Governor of the Bank of England said.
US housing starts unexpectedly rise in December
US housing starts unexpectedly rose in December and building permits surged, according to figures released on Wednesday by the Commerce Department.
Oil supply set to overtake demand - IEA
Oil supply is on track to outstrip demand, the International Energy Agency forecast on Wednesday, with the Omicron variant having only a "muted" impact on demand.
Covid Plan B to end in England
The latest Covid-19 restrictions will end in England from 26 January, the prime minister announced on Wednesday.
House prices jump in November - ONS
House prices jumped in November, official data showed on Wednesday, as growth picked up again following the end of the stamp duty holiday.
FRC fines KPMG, partner over Conviviality audit failures
The Financial Reporting Council has imposed sanctions against KPMG and audit partner Nicola Quayle, it announced on Wednesday, over the company’s audits of failed drinks business Conviviality for the 2017 and 2018 financial years.
German inflation hits highest level since 1993
German consumer prices hit their highest level in almost three decades during 2021, the statistics office Destatis said on Wednesday.
UK inflation hits highest level in nearly three decades
UK inflation jumped to its highest level in nearly three decades in December, making a rate hike in February increasingly likely.