Tag Archives: UK economy

Thanks for joining us. We start the week with a look at the Employment Rights Bill, which will be scrutinised in Parliament for the first time today. The leader of the TUC has urged MPs to back the reforms and make sure they leave themselves “on the right side of …

Jerome Powell has given his strongest hint yet that the US will start cutting interest rates next month amid hopes that inflation is finally under control across the West. The Federal Reserve chairman indicated that he will be able to reduce borrowing costs from their current level of 5.5pc in …

Sales of the iPhone have fallen to the lowest level for three years after Apple’s popularity dropped in China and as shoppers wait for new models. Apple recorded an 1pc drop in quarterly iPhone revenues on Thursday night to $39.3bn (£30.9bn), the lowest figure since 2021. While a small drop, …

Thanks for joining me. Volkswagen will invest $5bn in Tesla rival Rivian in a deal that will give it access to the start-up’s technology. The joint venture comes amid uncertainty in the electric car market, which is the subject of a trade war between US, EU and China, and lacklustre …

The board of Royal Mail owner International Distribution Services said it has agreed to a £3.57bn takeover offer from Czech billionaire Daniel Kretinsky. Under the deal, Mr Kretinsky has agreed for Royal Mail to deliver first-class post six days a week for the next five years.  5 things to start …

Figures from Indeed, the recruiter, show advertised salaries are accelerating in the UK even as they slowed in the eurozone. Real wages have risen by more in 12 months than they did in the previous 16 years, according to the Resolution Foundation. Regular wages are 2.4pc higher than they were …

Yet if it had so little impact, why did both Switzerland and Japan, which were subjected to the same external shocks but did not see anything like the same degree of money growth, have a less severe inflationary experience? In any case, the Bank of England’s latest Monetary Policy Report …

A Goldman insider says one of the “big reasons” to go ahead with the removal of the bonus cap was to compete with other financial centres better. Richard Gnodde, Goldman’s international chief, said years ago that removing the bonus cap would “put the UK on the same footing, aside from …

The attendance of King Charles III and other Royal Family members at garden parties this summer will be ‘confirmed on the day’, Buckingham Palace said today. Two of the traditional gatherings will take place in the Buckingham Palace Garden in London later this month – next Wednesday, May 8 and …

Thanks for joining me. Thames Water plans to spend nearly £20bn fixing leaks and sewage spills under a new business plan sent to regulators. The beleaguered water supplier, which has £18bn of debt, wants to spend £1.1bn more than previously thought under proposals sent to the regulator Ofwat, known as …