Browsing: Business Briefing

Tesco faces £1bn national insurance hike amid price rise fears Tesco is facing a £1billion increase in national insurance after Rachel Reeves hiked employer contributions…

Jerome Powell, the head of the US Federal Reserve, dismissed speculation that former President Donald Trump could remove him from his position when he returns to office in January 2025. Speaking at a press conference after the Fed lowered its key interest rate to 4.5%-4.75%, Powell said he would not step down if asked, adding that the law protects his role from presidential interference.

Bank of England cuts interest rates to 4.75% – but mortgages still set to rise Interest rates have been cut for the second time this…

China, after decades of mostly export-based growth, must now deal with massive problems of industrial overcapacity. The country is now trying to encourage more domestic consumption and to diversify its trading partners.

In very traditional Republican terms, he’s talking about tax breaks and reduced regulation. In terms of some of his specific pledges on the economy, he’s talking about getting rid of income taxation on tips and overtime. These things combined have the potential to be quite domestically inflationary, I would say.

Interest rates live updates: Bank of England overwhelmingly expected to slash rates UK borrowing costs are set to be cut for the second time this…

Average UK house price hits record high in October The average UK house price hit a new high in October, according to a latest index.…

Underground air to heat London’s iconic buildings Excess heat from London’s Underground will power iconic buildings in a new £1bn net zero scheme. This low-carbon…

UK economy at risk of higher inflation and slower growth due to Trump tariffs Economists are concerned by the likely impact of Donald Trump’s economic…

US Treasury yields jump and Bitcoin hits record as Trump wins election US Treasury yields jumped and Bitcoin surged to a new record as markets…

CITY AM reports on James Dyson’s complaints about the ‘spiteful’ inheritance tax changes.

Boeing workers have ended their seven-week strike after voting to accept the company’s latest pay offer. The new contract will give the workers a 38% pay increase over four years, along with a $12,000 one-time bonus and updates to retirement plans.

Why uncertainty over the US election is a nightmare for investors Uncertainty over the US election has put portfolio risk front of mind, as investors…

Schuh has created over 1,000 jobs since lowest pandemic ebb Schuh has created almost 400 jobs in its latest financial year to push its headcount…

Bank of England set to lower interest rates as Budget dampens bets for 2025 The Bank of England is expected to lower interest rates this…

Firm’s £500m investment in UK is show of confidence in Government – Chancellor Chancellor Rachel Reeves described a £500 million private investment by a US…