There are still reasons to be optimistic on Britain’s economy
The second bit of good news concerns the Labour Party. In an interview with this newspaper, the shadow chancellor, Rachel...
archiveUK economy
Fresh blow for the City of London as British Apple supplier snubs LSE
The London Stock Exchange has suffered a new blow after the British microchip company Imagination Technologies snubbed the City in favour of a Wall Street IPO.Imagination has confidentially registered to go public in New York, six years after it was taken off the London Stock Exchange and sold to a Chinese-backed fund, the Telegraph can reveal.Preparations to go public come after the microchip giant Arm pulled off a $54bn (£43bn) float last week, after opting for New York’s Nasdaq exchange over London.Imagination is likely to be valued well above the...
China driving global debt back to ‘unsustainable’ levels, IMF warns
Thanks for being with us. Britain’s economy shrank in July, official figures show, delivering a blow after a series of...
Net zero and ageing populations risk higher taxes, warns BNP Paribas
In the UK, government debt is at its highest level of more than 60 years at around 100pc of GDP,...
The Bank should focus on inflation
T he former governor of the Bank of England, Mervyn King, has told this paper that the Bank’s focus on net...
‘The transition to net zero has turned into a quasi-religious debate’
King believes that political posturing is part of the problem. Never one to shy away from a sporting analogy, he...
Investment in Britain has reached ‘crisis’ point, says Citi boss
In Canada, that same pot would be worth £176k, given the better performance of the country’s pension funds. In Australia, it would be even higher, £186k. This means that, on some estimates, poor performance could leave UK savers with £45,000 less in their pension pots than their Australian counterparts.The challenges of UK capital markets and pension investing are complex, decades in the making, and the UK government is to be commended for the energy and focus it is bringing to addressing this long-running issue.In framing policy to create new incentives...
Mortgage squeeze sends house prices plummeting, Halifax index shows
Thanks for joining me. House prices slumped by 4.6pc in the year to August in their steepest decline since 2009,...
UK near the end of interest rate rises, says Bailey
However, Mr Bailey said there were still parts of the economy that gave the Bank cause for concern when it...
Recession fears grow as UK services shrink for first time since January
Thanks for joining me. China’s efforts to become the world’s largest economy have come under threat after the damage done...
