Economy

Pound rebounds as Bank of England divides over interest rates

Pound rebounds as Bank of England divides over interest rates

Finally the Monetary Policy Committee has split over interest rates, with two members voting for a rise.

 

Also in the news:

Two charts that show China's property bubble could burst soon

Two charts that show China's property bubble could burst soon

19 August 2014

House prices in China have started to slide. It's all looking very familiar...

 
 
Persimmon share price builds as profits surge 57%

Persimmon share price builds as profits surge 57%

19 August 2014

Strong results for the housebuilder are further evidence of a healthy housing market, but only outside London.

 
 
Sterling plunges as inflation falls to 1.6%

Sterling plunges as inflation falls to 1.6%

19 August 2014

The surprise fall in inflation is good news for cash-strapped workers.

 
 
Nationwide's deflating mortgages spoil Bovis' property party

Nationwide's deflating mortgages spoil Bovis' property party

18 August 2014

If Nationwide's results are anything to go by, the property market looks like it's slowing down, but somebody better tell Bovis.

 
 
US banks are already making plans for the UK leaving the EU

US banks are already making plans for the UK leaving the EU

18 August 2014

As Wall Street banks start drawing up plans to move to Ireland, the Tories should beware - this is only the beginning.

 
 
'Unreliable boyfriend' Mark Carney still can't make up his mind about interest rates

'Unreliable boyfriend' Mark Carney still can't make up his mind about interest rates

18 August 2014

On the first anniversary of forward guidance, the Bank of England governor is flip-flopping again - this time over wage growth.

 
 
10 things we learned this week

10 things we learned this week

15 August 2014

Why we hate Facebook Messenger, New Look's kimono bonanza, stinginess in the tech sector.

 
 
UK GDP: Growth just got bumped up to 3.2%

UK GDP: Growth just got bumped up to 3.2%

15 August 2014

In the second quarter of this year, GDP was 3.2% higher than during the same period last year. Party popper, anyone?

 
 
Yet more evidence London's property market is finally cooling down

Yet more evidence London's property market is finally cooling down

14 August 2014

As home-hunters flee the capital for commuter country, overheated property prices are finally starting to cool off.

 
 
Retail investors won't get their hands on Lloyds shares until after the election

Retail investors won't get their hands on Lloyds shares until after the election

14 August 2014

The government has decided to hold off selling its remaining stake in Lloyds until 2015. Because of, ahem, market volatility.

 
 
The Eurozone is going nowhere as Germany's economy shrinks and France slashes growth forecasts

The Eurozone is going nowhere as Germany's economy shrinks and France slashes growth forecasts

14 August 2014

Sacré bleu. Ach nein. The spectre of the Eurozone crisis is still looming large as its biggest economies continue to linger in the doldrums.

 
 
Inflation report: 'Wage growth's our big worry,' says Bank of England

Inflation report: 'Wage growth's our big worry,' says Bank of England

13 August 2014

Mark Carney's quarterly inflation report highlighted weak wage growth as its main concern - although growth is still strong.

 
 

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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