Finance news

• Labour to tackle immigration by ending foreign workers’ lower pay

  24-05-2023 21:49
  Starmer accuses government of having lost control of surging net migration into the UK
  
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• Tata boss to meet Sunak for talks expected to secure UK battery plant for JLR

  24-05-2023 20:15
  Site in Somerset would be picked over location in Spain
  
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• Gove orders ‘independent’ review of Teesside regeneration scheme

  24-05-2023 19:25
  Probe follows FT investigation that raised concerns over project in north-east England
  
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• The Bank of England needs to improve its communication on inflation

  24-05-2023 19:15
  It needs to spell out the interest rate trajectory required to manage different risks
  
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• Markets get the jitters as UK inflation proves stickier than expected

  24-05-2023 19:15
  Also in this newsletter: DeSantis gets ready to declare, chips battle rages on, sight loss in the workplace
  
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• Gilt yields soar towards ‘mini’ Budget levels after inflation disappoints

  24-05-2023 19:10
  Despite fall to single figures, April’s consumer price inflation of 8.7% is significantly above BoE’s forecast
  
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• Lidl pay boost underlines UK wage growth pressures

  24-05-2023 19:08
  Rising salaries could prolong the country’s bout of high inflation, warn economists
  
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• UK pensions reform could unlock £4.6trillion to boost British economy and improve returns

  24-05-2023 18:43 via express.co.uk
  
  UK pension reform could uncover a £4.6trillion investment into the British economy to help with the cost of living crisis.
  
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• Traders predict more trouble ahead for UK bond market

  24-05-2023 17:08
  Gilt yields rise after string of stronger than expected inflation data
  
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• State pension inheritance explained: What happens to your pension when you die

  24-05-2023 15:57 via express.co.uk
  
  Widowers may be able to increase or inherit the state pension of their loved ones depending on the date of their marriage/civil partnership.
  
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• The areas where monthly nursery fees cost more than rent – MAPPED

  24-05-2023 15:53 via express.co.uk
  
  In seven towns across the UK, putting just one child in daycare is over £100 more expensive per month than putting a roof over their head.
  
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• London rent rises outpace record UK increase in April

  24-05-2023 15:29
  Higher mortgage costs and shortage of housing push up prices for tenants
  
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• Martin Lewis urges Britons to check now as man discovers £137,000 boost

  24-05-2023 14:59 via express.co.uk
  
  A man managed to track down his lost pension after following a tip from Money Saving Expert founder Martin Lewis.
  
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• Is UK once again the ‘sick man’ of Europe?

  24-05-2023 14:41
  Return of high inflation and slow growth has drawn comparisons with the 1970s — but economists say this time it’s different
  
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• Is the UK once again the ‘sick man’ of Europe?

  24-05-2023 14:41
  Return of high inflation and slow growth has drawn comparisons with the 1970s — but economists say this time it’s different
  
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• Lidl announces tens of thousands of employees get pay boost

  24-05-2023 14:24 via express.co.uk
  
  ‌Thousands of Lidl GB employees will benefit from their third pay rise in the last year.‌
  
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• Pray for gilt traders

  24-05-2023 12:39
  Nightmare on Threadneedle Street
  
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• 500,000 pensioners to miss out on up to £970 boost this year because of where they live

  24-05-2023 12:37 via express.co.uk
  
  Hundreds of thousands of Britons do not get the yearly increase to the state pension because of where they live.
  
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• UK bonds sell off as inflation falls less than expected

  24-05-2023 12:31
  Core measure increase keeps pressure on Bank of England to continue with rate rises
  
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• Bonds sell off as UK inflation falls less than expected

  24-05-2023 12:16
  Inflation now back in single digits at 8.7 per cent, but core measure rises
  
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• Pensioners get £7,000 a year as annuity rates soar - and money back if they die

  24-05-2023 11:44 via express.co.uk
  
  It's a long time since annuities paid £7,000 a year, but that's what pensioners can get now as rates continue to rise
  
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• Millions to get £150 cost of living payment - and there could be more help available

  24-05-2023 10:52 via express.co.uk
  
  More than six million people on disability benefits are to get the £150 cost of living payment next month.
  
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• Cost-of-living crisis getting worse as soaring food prices beef up inflation

  24-05-2023 10:23 via express.co.uk
  
  Inflation fell to 8.7 percent in April but let's not get carried away. The cost-of-living crisis is nowhere near over.
  
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• Ofcom allows BT’s Openreach to lower prices despite fierce pushback

  24-05-2023 10:11
  New model for clients including Sky, TalkTalk and Vodafone not a threat to competition, regulator says
  
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• UK inflation falls to 8.7% but food prices remain stubbornly high

  24-05-2023 08:10
  Figure is below the 10.1% recorded in March, but higher than Bank of England expected
  
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• UK oil and gas workers remain sceptical of ‘green jobs’ revolution

  24-05-2023 05:00
  Communities that depend on North Sea worry they will suffer same fate as former coal towns
  
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• EU sticks with post-Brexit clearing trade deadline despite objections

  24-05-2023 05:00
  Brussels insists on wresting lucrative business from London as derivatives houses fear threat to stability
  
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• UK set to lose solar investment after developer criticises lack of incentives

  24-05-2023 01:00
  Photovoltaics group Oxford PV says Britain is ‘least attractive’ location for new factory
  
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• UK company directors face tougher conduct regime

  24-05-2023 01:00
  Regulators propose overhaul of corporate governance code following audit scandals
  
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• Homeworking risks holding back London’s economy, report finds

  24-05-2023 01:00
  Urban policy think-tank warns of long-term hit to productivity from reduced office interactions
  
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