Page 9 - Tom Rees News Today

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The Bank of England raised its benchmark lending rate to the highest level since 2008, with Governor Andrew Bailey saying further increases may be needed to…

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Former headteacher and Ambition Institute director Tom Rees is set to take over the reins of one of the country’s biggest academy trusts

The ChatGPT revolution opens the door to a 4-day week by providing a major productivity boost for swathes of jobs, economist says. Read on.

(Bloomberg) -- The Federal Reserve, Bank of England and Swiss National Bank all proceeded with expected interest-rate increases this week, reinforcing their commitments to curb inflation despite turmoil in the banking sector. Policymakers in the US and UK hiked by a quarter point while those in Switzerland opted for a half point. All three signaled more increases could be in store. The UK was especially under pressure to tighten policy after a report earlier in the week showed consumer prices ad...

It’s their first new music since the release of their debut album.

A DRAMA group is preparing to stage an award-winning play at the Rose Theatre in Kidderminster.

(Bloomberg) -- Prices of US goods and services probably climbed last month at a pace that remains discomforting for consumers as well as for Federal Reserve policy makers seeking greater progress in their battle to beat back inflation. The January consumer price index on Tuesday is expected to increase 0.5% from a month earlier, spurred in part by higher gasoline costs. That would mark the biggest gain in three months. Excluding fuels and foods, so-called core prices — which better reflect und...

Shaky property markets across much of the world pose another risk to the global economy as higher interest rates erode household finances and threaten to exacerbate falling prices.