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Tag: UK economy
Europe ‘eats Britain’s lunch’ as tourist tax raid costs UK £3bn
[ad_1] In 2022, spending in the UK by visitors from Gulf states – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE – was still 35pc below its pre-Covid level,…
Interest rate cuts unlikely in 2024, warns founding MPC member
[ad_1] There is also a risk of another rise in energy prices, Dame DeAnne warned, particularly as tensions rise in the Middle East. It is feasible that the Bank could…
UK borrowing costs jump after shock US jobs figures – latest updates
[ad_1] House prices bounced back further last month as lower mortgage rates fuelled a revival in the property market. The average home increased in value by 1.1pc in December compared…
Recession alarm bells ring for eurozone as Britain bounces back – latest updates
[ad_1] Thanks for joining me. Next has promised it will not increase its selling prices this year as it received a boost from falling prices at the factory gate. The…
Putin ships record gas supplies to China to prop up war economy – latest updates
[ad_1] Thanks for joining me. British executives have urged the Bank of England to cut interest rates as soon as possible to boost the economy as “depressed” confidence sank to…
Here are my predictions for 2024 – it will be an unusually uncertain year
[ad_1] This should permit significant cuts in interest rates before too long. Again, the US should lead the way with the Fed being able to cut interest rates as early…
Why Britain is ripe for a dealmaking rush
[ad_1] The UK’s largest leveraged buyout in recent years, CD&R’s takeover of Morrisons, shows the risk of buying at the wrong time. Morrison’s debt pile has swelled to nearly £7bn…
The media’s unrelenting gloom ignores this year’s great success story
[ad_1] All this is no doubt too little too late to save the Government from electoral drubbing. Yet on the basis that the longer Downing Street leaves it, the better…
The EU has given up on growth – and could soon self-destruct
[ad_1] Consider, for instance, the European Carbon Border Adjustment Mechanism (CBAM). It imposes significant trade barriers between the EU and its trading partners. Already introduced but with much more (and…