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Why Sir Keir Starmer’s defence review has been left in tatters
2 months ago

Why Sir Keir Starmer’s defence review has been left in tatters

The Telegraph  

Is Donald Trump committed to Nato? Trump has warned that Nato members who fail to spend 2pc of GDP on defence should not take American protection for granted – even in the event of a Russian invasion. According to reports earlier this year, Trump may also tell fellow Nato members that 3pc is the new minimum price to pay for …

Trump Nato Sir Keir
Reeves unleashes surge in public sector pay rises
2 months ago

Reeves unleashes surge in public sector pay rises

The Telegraph  

The CIPD described this as a “post-election bounce back in the public sector”, which also includes a surge in hiring expectations for those in government service. He added: “Improvements to people management capability and technology adoption will be needed to raise efficiency in the public sector to respond to rising demands on services and spending constraints over the longer-term.” ‘Barrier …

Budget Public Sector
How Trump’s comeback could finally deliver on the promise of Brexit
2 months, 1 week ago

How Trump’s comeback could finally deliver on the promise of Brexit

The Telegraph  

David Lammy, the Foreign Secretary, has said that he would seek to broker a deal. “We will seek to ensure and to get across to the United States, and I believe that they would understand this, that hurting your closest allies cannot be in your medium or long-term interests, whatever the pursuit of public policy in relation to some of …

China Trump
Why Britain’s inflation nightmare may not be over
2 months, 1 week ago

Why Britain’s inflation nightmare may not be over

The Telegraph  

Rachel Reeves’s record tax-raising Budget will be bad news for homeowners with mortgages, according to the Bank of England. Threadneedle Street has warned that interest rates are expected to fall more slowly because of Reeves’s inflationary Budget, keeping mortgage repayments higher for longer. Rising costs for employers and a big rise in government spending means inflation will now take a …

Budget Bank Interest Rates Rates Mpc Inflation Nightmare
Millions of BT customers risk higher bills after Budget
2 months, 1 week ago

Millions of BT customers risk higher bills after Budget

The Telegraph  

It came as BT cut its revenue guidance for the full year amid pressure on its business and international divisions. It blamed weaker trading abroad, including reduced sales of low-margin kit, as well as a tougher environment for its corporate and public sector clients. Ms Kirkby, who took over the top job in February, has outlined a major turnaround plan …

Rachel Reeves driving up prices with tax and spend Budget, warns Bank of England
2 months, 1 week ago

Rachel Reeves driving up prices with tax and spend Budget, warns Bank of England

The Telegraph  

In his first assessment of the Chancellor’s maiden Budget, Governor Andrew Bailey said a “substantial” increase in public spending and tax changes that “clearly raise the cost of employment” will drive prices higher over the next three years. It came as shares on Wall Street continued to scale record highs amid expectations of a fresh wave of tax cuts and …

Tax Bank
Pound slumps and stocks surge as Trump heads for the White House
2 months, 1 week ago

Pound slumps and stocks surge as Trump heads for the White House

The Telegraph  

The pound dropped at its sharpest pace against the dollar in nearly two years and stocks have jumped after Donald Trump said he had won a “magnificent victory for the American people” in the US presidential election. Sterling slumped as much as 1.4pc against the dollar to $1.285, its lowest level in two months, as traders scrambled to take advantage …

Stocks Surge Trump Heads
Wall Street hits record high after Trump victory
2 months, 1 week ago

Wall Street hits record high after Trump victory

The Telegraph  

US stocks markets rocketed to record highs and the dollar surged at its fastest pace since the Brexit referendum after Donald Trump’s election victory. The Dow Jones Industrial Average surged 3.3pc to an all-time peak of 43,614.51 on Wall Street, recording its biggest jump in a single day in two years. The tech-heavy Nasdaq Composite rose as much as 2.5pc …

Trump Victory
Reeves’s Budget and Trump’s tariffs ‘will drive publicans to drink’, says Wetherspoons boss
2 months, 1 week ago

Reeves’s Budget and Trump’s tariffs ‘will drive publicans to drink’, says Wetherspoons boss

The Telegraph  

He also suggested that the Reform UK leader Nigel Farage could act as an ambassador to the US. Sir Tim said the business faced a “substantial” jump in costs in the wake of the Chancellor’s hike to employers’ National Insurance contributions and the national living wage. Wetherspoon will, as always, make every attempt to stay as competitive as possible.” However, …

Tax Budget Tim Pub Wetherspoon Ni Contributions Sir Tim
No housebuilders believe Starmer will hit target of building 1.5m homes
3 months ago

No housebuilders believe Starmer will hit target of building 1.5m homes

The Telegraph  

Almost no housebuilders believe Sir Keir Starmer will reach his target of building 1.5m homes in the next five years, a new survey has found. Just 2pc of housebuilders are confident of the sector’s ability to meet the Government’s pledge to deliver at least 300,000 homes per year, according to findings from Knight Frank’s upcoming land index and housebuilder survey. …

Knight Frank
Nvidia slumps as tech sell-off deepens
5 months, 2 weeks ago

Nvidia slumps as tech sell-off deepens

The Telegraph  

Microsoft shares have fallen heavily as the software giant reported disappointing results that deepened investors’ fears about the artificial intelligence boom. Despite the figures being better than forecast, investors took fright at lower-than-expected sales in its cloud computing division, which is seen as the company’s key growth driver. Microsoft’s figures triggered a wider sell-off in after-hours trading with Nvidia falling …

Microsoft Company Ai Nvidia
Net zero ‘to fuel a decade of global inflation’
6 months, 2 weeks ago

Net zero ‘to fuel a decade of global inflation’

The Telegraph  

The world’s transition to net zero will add 1.6 percentage points to inflation annually for the next decade, a large investment firm has warned. French asset manager Carmignac has said that central banks will struggle to keep inflation under control because of the high levels of spending needed for green energy projects. Raphaël Gallardo, Carmignac’s chief economist, said that central …

Inflation Central Banks Energy Industries
Electric car discounts now ‘unsustainable’ amid record price cuts
7 months, 1 week ago

Electric car discounts now ‘unsustainable’ amid record price cuts

The Telegraph  

Carmakers are racing to sell more EVs to meet net zero targets brought in by the Government in January. It added: “The market performance underlines the need for the next government to provide private consumers with meaningful purchase incentives.” It came as overall sales in the car market grew for the 22nd month in a row, with registrations rising by …

Sales Electric Petrol Cars
Five reasons why people feel poorer under Sunak
7 months, 3 weeks ago

Five reasons why people feel poorer under Sunak

The Telegraph  

Growth is going “gangbusters”. The latest figures show the rate of price rises stood at 2.3pc in April – effectively back to the Bank of England’s 2pc target for the first time in almost three years. The typical family is becoming better off as wages rise, price pressures ease and the benefits of two cuts to the National Insurance rate …

Inflation Price Feel Poorer
Sunak to challenge Nato countries to match 2.5pc defence spending
8 months, 3 weeks ago

Sunak to challenge Nato countries to match 2.5pc defence spending

The Telegraph  

Rishi Sunak will use a summit to mark the 75th anniversary of NATO to lobby European countries to match Britain’s pledge to spend 2.5 per cent of national wealth on defence. “I will be arguing that, and I know that the Prime Minister feels strongly about it, when we go to the Nato 75th anniversary summit which is in Washington …

Europe Russia Defence Britain European Spend Nato
Britain suffers longest hit to living standards since records began
11 months ago

Britain suffers longest hit to living standards since records began

The Telegraph  

The data also showed the economy barely grew in 2023, expanding by just 0.1pc across the whole year. James Smith, research director at the Resolution Foundation, said: “The big picture is that Britain remains a stagnation nation, and that there are precious few signs of a recovery that will get the economy out of it.” Weaker growth suggests the Bank …

Ons
Zuckerberg announces $50bn payout for Meta shareholders amid child safety concerns
11 months, 2 weeks ago

Zuckerberg announces $50bn payout for Meta shareholders amid child safety concerns

The Telegraph  

Mark Zuckerberg’s Meta will pay up to $50bn to shareholders after it posted record revenues, sending profits soaring by 200pc. Quarterly profits climbed threefold to $14bn as Meta’s advertising sales staged a marked recovery after it implemented sweeping layoffs last year in a drastic effort to cut costs. Mr Zuckerberg also announced the social network giant, which turns 20 this …

Apple Sales Company Rose Meta Zuckerberg Mr Zuckerberg
John Lewis to offer shoppers health checks in stores
1 year, 1 month ago

John Lewis to offer shoppers health checks in stores

The Telegraph  

John Lewis is to offer shoppers health checks in its department stores as it attempts to draw people back to Britain’s high streets. The retailer said it will add Randox Health clinics to shops from next month, which will allow customers to be screened for vitamin deficiencies, hormone imbalances and gut problems. It comes as John Lewis looks to lure …

Stores John Lewis
Will the Bank of England ride to Sunak’s rescue?
1 year, 2 months ago

Will the Bank of England ride to Sunak’s rescue?

The Telegraph  

He also faces the additional challenge of his party having lost its reputation for economic competence after the scandalous mini-Budget, with voters more inclined to say Labour would be the best at handling the economy. “Typically in an election campaign a recovering economy, falling inflation and decreasing interest rates tend to help the Government and we’re expecting all those things …

Economy Interest Rates Help Rates Shaw Falling
Britain faces recession risk in election year, warns Bank of England
1 year, 2 months ago

Britain faces recession risk in election year, warns Bank of England

The Telegraph  

The Bank’s latest projection for next year fell from a previous forecast of 0.5pc, while it also warned that annual growth will remain below 1pc for the next four years – down from 2.75pc in the decade before the financial crisis. Despite the weaker outlook for jobs and growth, Mr Bailey said it was “much too early to be thinking …

Inflation Bank Rate
Fed chief warns still ‘long way to go’ on inflation fight
1 year, 2 months ago

Fed chief warns still ‘long way to go’ on inflation fight

The Telegraph  

The US still has a “long way to go” in the battle to get inflation back to 2pc, Federal Reserve chairman Jay Powell has warned. The central bank chief left the door open for future interest rate rises even as the Fed voted to hold borrowing costs unchanged for the second meeting in a row. The process of getting inflation …

Inflation Central Bank High Fed Powell Borrowing Costs Mr Powell
Sunak faces fresh inflation headache as oil price hits $95
1 year, 3 months ago

Sunak faces fresh inflation headache as oil price hits $95

The Telegraph  

Rishi Sunak is facing a fresh setback to his target of halving inflation as oil prices hit $95 for the first time this year. He said: “It probably supports the case for a further hike, because it makes it even longer to get inflation down.” Earlier this month, Andrew Bailey, Governor of the Bank of England, told MPs that it …

Prices Saudi Arabia Rise Petrol Rac Oil Price Price Inflation
ECB raises interest rates to record 4pc as inflation persists
1 year, 4 months ago

ECB raises interest rates to record 4pc as inflation persists

The Telegraph  

Christine Lagarde has increased interest rates to a record high as the European Central Bank battles to bring down persistent inflation in the bloc. Deutsche Bank said the ECB’s hiking spree was the most aggressive in observable history even when examining records held by the Bundesbank going back to 1949. It is the latest step in the battle to defeat …

Inflation Ecb
‘Lacklustre’ German economy to stagnate again, warns central bank
1 year, 4 months ago

‘Lacklustre’ German economy to stagnate again, warns central bank

The Telegraph  

Weakening demand for exports and high borrowing costs mean Germany’s “lacklustre” economy will continue to flatline, its central bank has warned. The Bundesbank predicted that Europe’s largest economy, which has been badly wounded by a global downturn in manufacturing, will stagnate in the three months ending in September. “German economic output will probably remain largely unchanged again in the third …

German Price Growth Bundesbank