London Stock Exchange boss accuses pension funds of hypocrisy
In an open letter to the FCA, Railpen and nine other large UK pension schemes said the reforms will “roll...
archiveUK economy
Households pull record £4.6bn in savings amid inflation squeeze
Households pulled a record £4.6bn in savings from banks and building societies last month as rampant inflation puts pressure on...
We need to make sure Thames Water ‘survives’, says Badenoch
Ministers are drawing up plans to nationalise Thames Water as it wrestles with a £14bn debt pile.The company is struggling...
Supermarket bosses grilled by MPs over food price inflation
Sir Keir Starmer’s plans to ban new oil and gas exploration in the North Sea under a Labour government could...
Wheat on track for biggest gain in eight years after failed Russian coup
The Russian rouble tumbled to a near 15-month low against the dollar as markets responded for the first time to the...
Basket case Britain is back – and a recession is inevitable
One obvious factor which possibly could explain it, and which all the usual suspects will seize upon, is Brexit. Indeed,...
The blundering Bank must now hold fire on rate rises
The MPC failed spectacularly in early and mid-2021 to recognise the looming inflationary dangers that would be unleashed as lockdown...
Why economic good news is a headache for the Bank of England
Bailey has acknowledged the good news, but caveats it with indications he will raise rates more as required to bring...
Hunt announces protection for struggling mortgage borrowers as interest rates rise
More than 2m homeowners facing a mortgage cliff edge are to be offered breathing space to find an affordable fixed-rate...
The Bank isn’t just administering the wrong dose – it’s prescribing the wrong medicine
Furthermore, if the Bank succeeds in engineering a full blown recession, with unemployment rising sufficiently to cause people to fear...
