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News And Announcements
28 Sep
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US pending home sales rise more than expected in August

US pending home sales fell in August, for the third month in a row, according to figures released on Wednesday by the National Association of Realtors.

28 Sep
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Bank of England intervenes in bond markets after selloff

The Bank of England has been forced to intervene in bond markets following the recent selloff.

28 Sep
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Kwarteng to reassure bankers over his massive tax cuts

The chancellor is to hold a meeting with bankers, it was reported on Wednesday morning, amid the ongoing fallout from his ‘mini-budget’ and its swingeing tax cuts last Friday.

28 Sep
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Food inflation surges to fresh high - BRC

Food inflation has surged past 10%, industry research showed on Wednesday, to reach a record high.

28 Sep
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IMF urges UK government to 're-evaluate' controversial mini budget

Pressure continued to mount on the UK on Wednesday, after the International Monetary Fund urged the government to reconsider its planned tax cuts on fears they will stoke inflation.

28 Sep
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German consumer sentiment to slide further in October - GfK

German consumer sentiment is set to slide further in October amid a drop in purchasing power, according to a survey released on Wednesday by market research group GfK.

27 Sep
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BoE preparing 'significant' policy response, says Huw Pill

The Bank of England’s chief economist said on Tuesday that the Bank is likely to deliver a "significant policy response" to the swathe of tax cuts announced in chancellor Kwasi Kwarteng’s mini-Budget last week.

27 Sep
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US house price growth eases in July

US house price growth eased in July, according to the latest S&P CoreLogic/Case-Shiller national home price index.

27 Sep
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Leaks discovered on Nord Stream pipelines

Sweden and Denmark have warned ships to avoid an area of the Baltic Sea after unexplained leaks were discovered in both Nord Stream pipelines, it emerged on Tuesday.

27 Sep
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Suppliers must do more to help struggling customers - Ofgem

Energy suppliers must do more to help customers in payment difficulties, Ofgem warned on Tuesday.

27 Sep
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Chinese industrial profits decline in August

Chinese industrial profits fell in the year to August as Covid restrictions dented demand.

26 Sep
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German economy 'slipping into recession' - Ifo

Germany is on the brink of recession, a leading economic institute warned on Monday, after business sentiment slumped to levels not seen since the start of the pandemic.

26 Sep
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UK house prices continue to rise - Rightmove

House prices continued to push higher in September, industry data showed on Monday, despite the cost-of-living crisis and interest rates at 14-year highs.

23 Sep
US business activity eases again in September

US business activity shrank again in September, albeit at a slower pace, according to a survey released on Friday.

23 Sep
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Chancellor slashes taxes in bid to boost growth

Newly-appointed chancellor Kwasi Kwarteng unveiled his plans to boost economic growth on Friday, including axing the cap on bankers’ bonuses, abolishing the highest rate of income tax and permanently increasing the stamp duty threshold.

23 Sep
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Retail sales slide in September - CBI

Retail sales fell sharply in September, a closely-watched industry survey showed on Friday, reversing a brief return to growth seen over the summer.

23 Sep
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UK business activity declines amid cost pressures, waning demand

UK business activity fell in September at the fastest rate since January 2021, as cost pressures and waning demand took their toll, according to a survey released on Friday.

23 Sep
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Confidence slumps as UK consumers 'buckle' under cost of living crisis

Consumer confidence has tumbled to fresh lows, a closely-watched survey showed on Friday, as the cost of living crisis continues to weigh heavily.

22 Sep
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National Insurance increase to be reversed from November

Kwasi Kwarteng confirmed on Thursday that the 1. 25 percentage point rise in National Insurance that came into force in April will be reversed from November.

22 Sep
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BoE hikes rates by 50 basis points

The Bank of England hiked interest rates by 50 basis points to 2. 25% on Thursday as it looks to combat surging inflation.