bank of england

All seven lenders pass this year’s BoE Stress Test

For the first time since its introduction in 2014, all British lenders managed to pass this year's stress test. Used to test how the UK's seven largest...
retail sales

UK retail sales recover for November

UK retail sales recovered slightly in November, according to the latest data from the CBI survey. The CBI's quarterly distributive trades survey revealed that 39 percent...
EIS

EIS industry welcomes changes to scheme made under Autumn Budget

The EIS industry has welcomed changes to the EIS scheme made by Chancellor Philip Hammond in his Budget on Wednesday, calling it a “huge...
Autumn Budget

Key Points from the Autumn Budget 2017

Following the delivery of Philip Hammond's highly-anticipated second Autumn budget as chancellor, we've summarised some of the key points to take from his speech. Brexit Budget £3 billion...
government borrowing

Budget 2017: What to expect ahead of Hammond’s speech

On Wednesday, 22 November, at 12:30 GMT, Phillip Hammond will announce the government's new plans for spending and tax. Not too sure what to expect?...
Paris

Goldman Sachs announces post-Brexit hubs in Paris & Frankfurt

Goldman Sachs has announced to have two post-Brexit hubs, choosing to split operations between Frankfurt and Paris. The two European cities will hold jobs and operations...

MPs’ report urges for fresh crackdown on gig economy

Two MPs released a report on Monday, urging the government to protect employees in the gig economy. Those 15,000 UK employees working for companies such...
retail sales

UK retail sales fall 0.3 percent in October

UK retail sales dipped in 0.3 percent October, with unusually warmer weather disrupting sales for the period. Overall, retail year-on-year sales fell for the first...

John McDonnell: we must end Tory austerity

John McDonnell has called on Phillip Hammond to end austerity measures in public services. The shadow chancellor feared that next weeks' budget would not do...
FTSE

FTSE may sink to 7,300 before ‘Santa’s rally’

Ahead of the much-anticipated end-of-year Santa's rally, the FTSE may be set to hit lows. The often observed ‘Santa Claus rally’ is often marked by...
employment

UK employment suffers first fall since Brexit vote

UK employment figures encountered a surprise fall on Wednesday, in their first drop since last June's Brexit referendum. The latest figures released by the Office...
UK employment

UK employment rate dips to 32 million

UK employment falls to 32 million, marking the biggest fall in the last two years. UK employment fell in the three months to September, down...
Inflation

UK inflation remains 3pc, despite food price rises

Britain's annual inflation rate has remained unchanged at three percent, suggesting a peak in the UK's cost of living post-referendum.  The Office for National Statistics...
retail sales

Consumer spending falls 2pc in October

Concerns have been raised over the UK economy as consumers cut back on spending in October. According to Visa, consumer spending shrunk by two percent...
Interest rates

Bank of England announce interest rate hike to 0.5%

The Bank of England have voted for the first time in a decade to raise interest rates, from 0.25% to 0.5%. The MPC voted...
Interest rates

UK economy shows resilience ahead of BoE decision

The latest economic PMI and housing figures revealed the British economy to be more resilient than expected, ahead of the Bank of England (BoE)...
IMF

BoE: City at risk of losing 75,000 jobs post-Brexit

According to The Bank of England, the City of London could lose up to 10,000 jobs on "day one" of Brexit. The Bank of England has...
UK manufacturing

UK manufacturing dips in September

UK manufacturing fell in September as Brexit uncertainty continues to weigh, according to a car industry body. A 14 percent fall in demand drove an...
binary options

Israeli parliament bans binary options trade

The Israeli parliament gave the go-ahead to ban the sale of binary options on Monday, beginning a crackdown on an industry that has been largely...
retail sales

UK retail sales sink in September, reversing August gains

UK retail sales dropped sharply in September, according to the latest figures from the Office for National Statistics, causing the pound to sink against...