Bank of England under pressure to cut rates as it gets inflation wrong again
CPI is on course to hit Andrew Bailey’s target in spring – so when will interest rates drop?
Source: telegraph.co.uk
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UK banks expect sharp rise in defaults on unsecured debt
Lenders forecast biggest quarterly increase in missed repayments on credit cards and loans since 2009
Source: theguardian.com
Mortgage and credit card default rates jumped in run-up to Christmas
Mortgage defaults expected to get ‘even worse’ over the coming months as high interest rates pile ‘immense’ pressure on households
Source: independent.co.uk
UK inflation uptick, weak China data hits stocks
Stock prices in London were lower at midday Wednesday, as hotter-than-expected UK inflation data served as a setback to early rate cut expectations. The FTSE 100 index was down 125.62 points, 1.7%,...
Source: marketscreener.com
Rishi Sunak's net zero U-turn was 'purely political', says Mark Carney
Rishi Sunak’s decision to water down Britain’s net zero policies was “purely political”, Mark Carney has said.
Source: yahoo.com