Unlock Editor’s Digest for free Roula Khalaf, editor-in-chief of the FT, selects her favourite stories in this weekly newsletter. The US labor market showed signs of cooling, with the unemployment rate rising in June and the pace of job growth in recent months slower than previously reported. The U.S. economy added 206,000 jobs last month, … Read more
Image source, Getty Images Article information Labour’s remarkable victory provides a unique opportunity to revitalise and transform the British economy. The incoming Chancellor of the Exchequer and the Prime Minister know this, and I am told that this is what they intend to achieve in office. Rachel Reeves told me she was looking for a … Read more
The Labour Party’s landslide victory in Thursday’s British election means it takes power in the country after more than a decade under the leadership of the Conservative Party. The change comes at a time when there is still a lot of economic uncertainty in the country, the effects of higher inflation are still being felt … Read more
European central bankers warned that risks to the region’s economy, including trade tensions and high government debt, are growing. They met in Portugal this week. Falling inflation and improving growth in the eurozone were overshadowed by the victory of Marine Le Pen’s far-right Eurosceptic party in the first round of France’s parliamentary elections at the … Read more
Wednesday, July 3, 2024 12:03 PM Part Facebook Share on Facebook X Share on Twitter LinkedIn Share on LinkedIn WhatsApp Share on WhatsApp E-mail Share via email A number of analysts have indicated that the economic legacy for the next administration will not be as bad as many fear. Although the UK fell into a … Read more
19 minutes ago By means of Michael Ras, Business reporter, BBC News Getty Images The economy grew stronger than initially expected in the first three months of 2024 as Britain emerged from recession, revised official figures show. The economy grew by 0.7% between January and March, the Office for National Statistics (ONS) said. Growth was … Read more
Nowhere in the world have private equity firms found a more hospitable environment than in the UK: the scale of takeovers over the past two decades has had a greater impact on the overall economy than in any other developed market, including the US, where the sector has emerged, data shows. Private equity firms have … Read more
Moreover, in 2022, despite the phasing out of its pandemic emergency purchasing programme, the ECB launched a new “anti-fragmentation instrument”, the Transmission Protection Instrument, which was explicitly aimed at keeping spreads under control by allowing the central bank to to buy government bonds from countries. countries whose interest rates vary excessively due to speculation. What … Read more
General view of the Bank of England building in London. Sopa images | Light rocket | Getty Images It keeps the central bank’s policy rate at a 16-year high of 5.25%, where it has been since August 2023. Seven members of the Monetary Policy Committee voted in favor of maintaining it, while two members favored … Read more
“Our economy has really turned around,” said Rishi Sunak, the British Prime Minister, last week as he introduced his party’s election manifesto, backed by recent data showing that the British economy had emerged from a recession stronger than at the start of the crisis was expected. years and that inflation had slowed significantly. Justifying the … Read more