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FTSE 100 Live 26 January: Index closes up 100 points in best day of 2024 | Evening Standard
The contrasting fortunes of retailers Superdry and WH Smith are in focus after they issued updates today.
https://www.standard.co.uk/business/ftse-100-live-superdry-wh-smith-uk-consumer-confidence-mortgage-interest-rates-bank-of-england-shares-b1134934.htmlPort Talbot’s steelworks closure reveals the human cost of a green economy.https://www.newstatesman.c...
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Martin Lewis reveals how first-time buyers can boost mortgage approval | Metro News
Martin Lewis, founder of MoneySavingExpert.com, offered tips on ways to increase first time buyers chance of being accepted for a mortgage.
https://metro.co.uk/2024/01/24/martin-lewis-reveals-first-time-buyers-can-boost-mortgage-approval-20163029/?ico=mosaic_money#Economy
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BoE to leave rates on hold as UK economy teeters on brink of recession
The Bank of England will likely leave interest rates on hold for the fourth time in a row when it meets on Thursday this week, economists have said, as the UK economy teeters on the brink of recession.
https://www.cityam.com/bank-of-england-to-leave-interest-rates-on-hold-as-uk-economy-teeters-on-brink-of-recession/#Prices
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London house prices: Best time to buy since 2016, experts say, but it won't last
House prices in London are more affordable but the capital has been warned not to “get carried away” amid a frenzy of mortgage rates cuts. Read more
https://www.cityam.com/house-prices-in-london-best-since-2016-but-dont-get-carried-away-experts-warn/#StateEconomy
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BoE to leave rates on hold as UK economy teeters on brink of recession
The Bank of England will likely leave interest rates on hold for the fourth time in a row when it meets on Thursday this week, economists have said, as the UK economy teeters on the brink of recession.
https://www.cityam.com/bank-of-england-to-leave-interest-rates-on-hold-as-uk-economy-teeters-on-brink-of-recession/Richard Walker, who quit the Tories last October after previously seeking to be a candidate, said he had reserved judgment on who to back at the next election but now believed that Labour and Starmer had a “credible programme” to improve the UK economy and people’s lives.
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Iceland supermarket boss and ex-Tory donor backs Starmer for PM | Keir Starmer | The Guardian
Richard Walker says Labour leader understands how cost of living crisis puts ‘unbearable strain’ on families
https://www.theguardian.com/politics/2024/jan/29/iceland-supermarket-boss-and-ex-tory-donor-backs-starmer-for-pm#Economy
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Money latest: The UK town with the best take-home pay after rent - and those that are almost as bad as London | UK News | Sky News
The Money blog is your place for consumer news, cost of living tips and the latest on the economy. Submit your financial dilemma or consumer dispute below and we'll get experts on the case.
https://news.sky.com/story/money-latest-fury-as-tesco-technical-issue-leaves-customers-without-shopping-should-you-pay-off-student-loan-13040934#Economy #business
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Removing large wine option from pubs 'could be beneficial' | UK News | Sky News
Drinkers may buy less wine in pubs and bars if the biggest serving – typically a 250ml glass – is removed from menus, according to research. Experts suggest such a move wouldn't impact the bottom line of businesses.
https://news.sky.com/story/removing-large-wine-option-from-pubs-could-be-beneficial-13051254Data from the Office for National Statistics (ONS) said sales fell an unexpected 3.2%, despite Christmas and reported discounts offered by major chains and some positive reports by major high street outfits.
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Early Christmas shopping and November discounts brings COVID lockdown level shock fall in December retail sales | Business News | Sky News
Not since January 2021 has there been as sharp a drop as early Christmas shopping hit December sales.
https://news.sky.com/story/shock-fall-in-retail-sales-to-covid-lockdown-levels-in-key-shopping-month-13051373#Politics #news
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Politics latest: Hunt signals tax cuts are on the way; PM continues regional tour | Politics News | Sky News
Chancellor Jeremy Hunt told Sky News his "priority in the budget will be growth - because if I can grow the economy, that will mean that then we have more money for the NHS, we can relieve the pressure on families and we can invest in our brilliant armed forces".
https://news.sky.com/story/politics-latest-rishi-sunak-rwanda-bill-tory-rebellion-commons-votes-resignations-12593360#Economy #Metronews
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Money latest: Big price hike expected for broadband and mobile customers as experts wrong on inflation | UK News | Sky News
UK inflation rose to 4% in December - confounding economists' forecasts. Read live updates in our Money blog, your place for consumer news, cost of living tips and the latest on the economy. Listen to the latest Ian King Business Podcast while you scroll.
https://news.sky.com/story/money-blog-sky-news-latest-inflation-13040934The Office for National Statistics (ONS) reported an early estimate for output growth of 0.3% for the month - recovering from a 0.3% decline witnessed in October when many weather-sensitive sectors were hit by heavy rain.The data showed retail was a major contributor to that growth as Christmas shopping got into gear with Black Friday sales.https://news.sky.com/story...
The economy grew by 0.3% in November, official figures show, after it shrank during the previous month.
The Office for National Statistics said the services sector led the rebound, as Black Friday sales boosted retailers.
But it said the economy had shown "little growth" over the past year and economists said it was a close call as to whether the UK can avoid a downturn.
Figures released last year showed the UK was at risk of a recession after the economy shrank between July and