News And Announcements
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.
The Bank of England has been forced to intervene in bond markets following the recent selloff.
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.
Food inflation has surged past 10%, industry research showed on Wednesday, to reach a record high.
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.
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.
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.
US house price growth eased in July, according to the latest S&P CoreLogic/Case-Shiller national home price index.
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.
Energy suppliers must do more to help customers in payment difficulties, Ofgem warned on Tuesday.
Chinese industrial profits fell in the year to August as Covid restrictions dented demand.
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.
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.
US business activity shrank again in September, albeit at a slower pace, according to a survey released on Friday.
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.
Retail sales fell sharply in September, a closely-watched industry survey showed on Friday, reversing a brief return to growth seen over the summer.
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.
Consumer confidence has tumbled to fresh lows, a closely-watched survey showed on Friday, as the cost of living crisis continues to weigh heavily.
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.
The Bank of England hiked interest rates by 50 basis points to 2. 25% on Thursday as it looks to combat surging inflation.