Economy

MPC minutes: The Bank of England is less worried an interest rate hike will harm recovery

MPC minutes: The Bank of England is less worried an interest rate hike will harm recovery

The minutes of this month's Monetary Policy Committee meeting suggest it's less frightened of the impact of a rate rise - although analysts are still pretty set on early 2015 as the first time rates will go up.

 

Also in the news:

5 charts that perfectly sum up Philip Clarke's tenure as Tesco chief executive

5 charts that perfectly sum up Philip Clarke's tenure as Tesco chief executive

22 July 2014

He may be in line for a £10m payout, but it hasn't been an illustrious three years for soon-to-depart Tesco boss Philip Clarke.

 
 
Why New Tesco chief Dave Lewis 'will be a shock' for the supermarket

Why New Tesco chief Dave Lewis 'will be a shock' for the supermarket

21 July 2014

The Unilever veteran will be the first Tesco CEO with personality, a source told Management Today.

 
 
6 challenges new Tesco chief Dave Lewis will have to tackle

6 challenges new Tesco chief Dave Lewis will have to tackle

21 July 2014

It's been a difficult few years for the UK's biggest supermarket chain...

 
 
Housebuilder shares fall as property prices finally drop

Housebuilder shares fall as property prices finally drop

21 July 2014

Asking prices across the UK slipped 0.8% this month, but it could just be a summer slump.

 
 
10 things we learned this week

10 things we learned this week

18 July 2014

Military ray guns, Funding Circle's crazy growth, when 'rightsizing' is the wrong word.

 
 
UK bank share prices fall after competition probe announced

UK bank share prices fall after competition probe announced

18 July 2014

RBS, Lloyds, and Barclays have all been hit after UK watchdog launched review into high street banking.

 
 
Hurrah for democracy - Ineos gets Grangemouth referendum windfall

Hurrah for democracy - Ineos gets Grangemouth referendum windfall

17 July 2014

The government has announced a 230m pound loan guarantee for Ineos's Grangemouth chemical complex - only two months ahead of the referendum. What a coincidence!

 
 
European markets are getting hammered after US and Europe widened Russian trade sanctions

European markets are getting hammered after US and Europe widened Russian trade sanctions

17 July 2014

Russia's MICEX index has dropped 3% while the UK, French and German markets all slid slightly. Cheers for that, America.

 
 
Will a $100bn development bank make BRICS more than just an acronym?

Will a $100bn development bank make BRICS more than just an acronym?

16 July 2014

For the cameras it's all handshakes, smiles and America-bashing, but in reality the BRICS are very different beasts.

 
 
One chart showing the slow rise in UK wage growth over the last 5 years

One chart showing the slow rise in UK wage growth over the last 5 years

16 July 2014

The UK jobs market is recovering, but UK wage levels have yet to catch up.

 
 
Now Vince Cable is blocking the sale of the Land Registry

Now Vince Cable is blocking the sale of the Land Registry

15 July 2014

Having admitted the Royal Mail IPO was 'botched', Cable has scrapped plans to privatise the Land Registry. Considering that was expected to make the government 1.2 billion pounds, that's got to smart.

 
 
Inflation rose to 1.9% in June as house prices leaped 10.5%

Inflation rose to 1.9% in June as house prices leaped 10.5%

15 July 2014

Forget worries about deflation - the consumer prices index came tantalisingly close to the Bank of England's target last month, figures published this morning show.

 
 

The MT interview: Gareth Penny

The boss of the world's dominant diamond business

Gareth Penny, De Beers Group CEO, predicts a sparkling return to form

 
 

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