The Bank of England’s Monetary Policy Committee has increased its Bank Rate by 25 basis points, echoing the move by the US Federal Reserve, which did the same yesterday. Unlike the Fed, the vote was not unanimous in a 7-2 majority decision. The MPC said… Read More
Read more in: Global, Opinion, Politics, Legal & Regulation | Tagged bank of england, douglas grant, giles coghlan, hycm, jatin ondhia, manx financial group, shojin
The UK delivered some unwanted news today as inflation delivered a number that was hotter than anticipated – bucking a recent downward trend. The UK Office of National Statistics reported that the consumer price index (CPI) increased by an annual 10.4%. This was above expectations… Read More
Read more in: Global, Opinion | Tagged cpi, giles coghlan, hycm, inflation
Chancellor of the Exchequer Jeremy Hunt delivered the Spring Statement today, making several big announcements, including a huge change in retirement planning. Hunt said that the Conservative government’s approach to the economy is “on the right track” while noting they “remain vigilant” and will take… Read More
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The Bank of England’s Monetary Policy Committee (MPC) voted 7 to 2 to increase its benchmark rate by 50 basis points to 4.0%. The bank said that two members preferred to hold rates steady for now. The issues remain the same; stubborn inflation and geopolitical… Read More
Read more in: Global, Opinion, Politics, Legal & Regulation | Tagged bank of england, channel capital, douglas grant, giles coghlan, hycm, interest rates, jatin ondhia, manx financial, paul wilson, shojin
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