Rachel Reeves to meet bank bosses as growth agenda stalls
Reeves is reportedly calling in top executives at Barclays, Lloyds, NatWest and Nationwide, according to Sky News' Mark ...
State pensioners warned Triple Lock at risk with 'difficult' update coming from Labour
Chancellor Reeves is facing a £1.3bn “triple lock” headache as spiking inflation pushes up the cost of the state pension.
GDP figures to pile further pressure on Reeves as recession risks mount
The UK likely slipped into contraction in the final quarter of last year, in a further sign of the challenges facing Rachel ...
Plan to increase personal tax allowance from £12,570 to £20,000 update as Commons debate looms
Frozen since 2021 are the £12,570 threshold at which earners begin forking out basic 20 per cent tax, as well as the £50,270 ...
Taxpayers to foot another £2bn pensions boost for civil servants
Retired civil servants, teachers, soldiers and NHS staff are amongst those who will receive a 1.7pc boost to their pensions ...
The Bank of England isn’t coming to save Rachel Reeves – no one is
Will the Bank of England save the day? It’s an odd question, recent history considered. Threadneedle Street has been playing a long game of catch-up: hiking rates far too late to curb the inflation ...
Back to the 70s nightmare: Labour's Britain faces a new era of rising inflation, flatlining growth and stagflation, the Bank of England warns
A hundred days on from the Budget, the Bank slashed its prediction for UK growth this year by half, to just 0.75 per cent, ...
Bank of England’s top economist dismisses hopes of big interest rates cuts in further blow to Rachel Reeves
Rachel Reeves has suffered another blow in her bid to boost tepid economic growth after the Bank of England played down the idea of a big interest rate cut later this year. At such a critical moment ...
FTSE falls and Wall Street heads lower as US job creation slows in January
US stocks traded lower after fresh data showed the economy added 143,000 jobs in January, fewer than the 175,000 expected by ...
LBC3d
PM holds 'crisis summit' after Bank of England warning over 'Stagflation' - and fears grow over further tax hikes
Keir Starmer is gathering his Cabinet for a crisis meeting as the threat of 'Stagflation' rises. The special meeting with ...
Stagflation: Chancellor Rachel Reeves faces mess of her own making
The Bank now expects the UK economy to grow 0.7 per cent this year, cut from a previous estimate of 1.5 per cent. Inflation, ...
Rachel Reeves faces £1.3bn ‘triple lock’ headache
Rachel Reeves is facing a £1.3bn “triple lock” headache as spiking inflation pushes up the cost of the state pension.