Author: News Desk

Bank of England: Goldman Sachs expects deep interest rate cuts Markets are significantly underestimating the chance that the Bank of England will have to step up the pace of cutting interest rates, Goldman Sachs has argued. Traders anticipate just two interest rate cuts this year with one more cut priced in for 2026, which would leave the benchmark Bank Rate at 4.0 per cent. It currently stands at 4.75 per cent. Investors are concerned by signs of stubborn inflationary pressures in the UK economy, with many economists predicting that the headline rate will increase to over three per cent in…

UK economy: Consumers catch ‘January blues’ as confidence slumps Consumer confidence in the health of the UK economy slumped in January, pointing to further headwinds in the coming months. A net -34 of respondents to the British Retail Consortium’s (BRC) latest sentiment monitor said that the economy would get worse over the next three months, down from -27 in December. This put confidence in the health of the economy at its lowest level since the BRC started collecting data on the topic in March 2024. The survey comes after a succession of disappointing data releases, which indicate that the economy slowed…

Rachel Reeves’ tax hikes pose ‘major threat’ to UK labour market resilience The government’s tax hikes pose a “major threat” to the health of the labour market, a leading economist has warned, as markets prepare for the latest jobs market figures. The labour market has been a key source of strength for the UK economy, with continued high employment helping to sustain strong levels of wage growth over the past couple of years. Many forecasts for 2025 assume that the continued resilience of the labour market will ensure that economic growth accelerates compared to last year. But economists are worried…

Guardiola’s men at risk of exit after collapse The back page of The Guardian reports City are on the verge of exiting the Champions League after losing 4-2 to PSG last night in Paris. City had a 2-goal lead before PSG fought back to claim victory. The paper says ‘stunned in Paris.’ Ma Utd boss Ruben Amorim has expressed regret after claiming his squad were the worst in United’s history and Chelsea WFC have made history by signing a player for a record fee.

PSG 4 Manchester City 2 – Pain in Paris The back page of the Daily Mail reports on Manchester City losing their Champions League match against PSG last night despite having a 2-goal lead. Arsenal beat Zagreb and has almost secured a place in the next round – along with leaders Liverpool and potentially Aston Villa. Man Utd’s boss Ruben Amorim has apologised for saying his squad is the worst in Manchester United’s history.

Man United v Rangers – A sorry episode The back page of The Sun reports Man Utd boss Amorim has apologised for calling his squad the worst in Manchester United’s history. Elsewhere, Manchester City’s 4-2 loss in the Champions League last night features on the back page as pundits and fans react to City throwing away a 2-goal lead.

PSG 4 Manchester City 2: Eiffel shower The back page of the Daily Mirror reports on Manchester City throwing away a 2 goal lead to lose 4-2 to PSG in last night’s Champions League match. Kyle Walker is set to transfer from City to AC Milan and Man Utd want £70 million for Argentine player Garnacho.

The FT reports that President Donald Trump’s return to the White House has “put more than £300bn of potential federal infrastructure funding at risk”.

CITY AM says Further tax rises or spending cuts look increasingly likely after the latest borrowing figures, but there were a few silver linings for the Chancellor.

Harry wins historic £10m+ apology deal from Murdoch’s Sun The Independent says “Harry wins historic £10m+ apology deal from Murdoch’s Sun”. A Royal Navy ship spotted a Russian spy ship in UK waters as minister tells Putin: “We can see you.” Donald Trump has demanded an apology from a ‘nasty’ Bishop who urged him to have mercy on minorities and migrants.