Economy
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Markets braced for PM’s news conference this afternoon: Jeremy Hunt appointed as latest Chancellor as Kwarteng steps down – reaction
Today is turning out to be a very big day for PM Truss’ Government as some big announcements have already been made.…
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Aviva Investors believes central banks see economic downturn as price worth paying to control inflation
Aviva Investors expects most developed economies to experience recessions over the coming year, as global central banks continue to tighten monetary policy…
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Stocks slide amid interest rate worries while pound and gilts stay under pressure
Susannah Streeter, senior investment and market analyst, Hargreaves Lansdown The realisation that the Federal Reserve is in it for the long haul…
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‘Lessons must be learned’ from pensions crisis – Bank of England
The UK economic outlook has deteriorated materially, the Bank of England said on Wednesday, as it insisted “lessons must be learned” from…
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UK economy unexpectedly shrinks in August
The UK economy unexpectedly contracted in August for the first time in two months, raising the risk of a recession. According to…
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Bank signals readiness to extend bond buying if needed – FT
The Bank of England may extend its backstop programme for the UK government bond market past its 15 October deadline, the Financial…
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Alex Burghart just revealed as new minister for pensions and growth – reaction from pension experts
Following today’s news that Alex Burghart MP (pictured) has been appointed as the new minister for pensions and growth, working alongside Chloe…
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August GDP shrinks by 0.3% leading to rising fears of recession – experts comment
This morning’s news that the UK GDP figure for August was below expectations, has added further concerns to an already nervous market.…
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Statement by the PLSA on Bank of England action and gilt market volatility
The PLSA welcomes the Bank of England’s continued steps to ensure the orderly operation of the gilt market in the wake of…
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UK grocery price inflation hits 13.9%
Grocery price inflation hit yet another fresh record, according to Kantar, coming in at 13.9% over September and adding £643 to the…
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