UK inflation fell to 9.9% in August, returning below double-digits after hitting a 40-year record of 10.1% in July. Falling petrol prices were the main driver behind the inflation slowdown, with the annual rate for motor fuels easing to 32.1% from 43.7%, as a result of petrol prices falling 14.3p per litre over the period. […]

The post UK inflation falls to 9.9% in August on lower petrol costs appeared first on UK Investor Magazine.

The Bank of England announced its decision to hike interest rates a whopping 0.5% to 1.75% in its meeting today, representing the highest level since 2009. The move comes in a bid to tackle soaring inflation, which currently stands at a 40-year record of 9.4% and was previously estimated to reach 11% in October this […]

The post Bank of England hikes interest rates to 1.75% appeared first on UK Investor Magazine.

The housing market still has some momentum as house prices rose 11% year-on-year in their 12th consecutive month of growth, according to the latest report by Nationwide. Despite the ongoing cost of living crisis and soaring 9.4% inflation, high employment and a limited supply of homes kept prices climbing higher even amid the volatile market […]

The post House prices climb 11% in 12th consecutive month of growth appeared first on UK Investor Magazine.

UK inflation hit another 40-year high in June with a rise to 9.4% as crushing fuel and food prices pushed the cost of living higher, according to the latest figures from the Office of National Statistics (ONS). “Rising food and fuel costs have kept inflation red hot this month. This is intensifying the pressure on […]

The post UK inflation hits new 40-year record of 9.4% on higher food and fuel prices appeared first on UK Investor Magazine.

The FTSE 100 was down over 1.5% in early afternoon trading on Wednesday in light of the Office of National Statistics’ (ONS) latest inflation figures for May, which saw UK CPI hit another 40-year record of 9.1%. The reading was in line with economists expectations and markets are bracing for a further squeeze on consumers […]

The post FTSE 100 falls as UK inflation hits 9.1% appeared first on UK Investor Magazine.

Inflation rose to a new 40-year record high of 9.1% in May, according to the latest figures from the Office of National Statistics (ONS). The Consumer Price Index (CPI) increased by 0.1% from 9% in April to 9.1% in May, with climbing food and non-alcoholic beverage prices highlighted as the largest contributor to the new […]

The post Inflation hits new 40-year record of 9.1% in May appeared first on UK Investor Magazine.

The FTSE 100 closed down 0.4% to 7,014 in Friday trading, as the market continued to lose ground after a week of central bank action. UK interest rates were hiked to 1.25%, which the market had been pricing in for weeks, however the Bank’s revised inflation estimate of 11% in Q4 this year threw investors […]

The post FTSE 100 finishes turbulent week in the red appeared first on UK Investor Magazine.

The FTSE 100 fell 2.6% to 7,081.1 in early afternoon trading on Thursday following the Bank of England’s decision to hike interest rates 0.25% to 1.25% at its meeting today, and a revised inflation estimate of 11% in Q4 2022. European markets dropped a day after the ECB’s emergency meeting, with the German DAX dropping […]

The post FTSE 100 dives with global equites after interest rate hikes appeared first on UK Investor Magazine.

The Bank of England announced its decision to hike interest rates by 0.25% to 1.25% at its meeting today, hot on the heels of the US Federal Reserve’s announcement yesterday that it would be raising rates by 0.75% to between 1.5% to 1.75%. The move came as no shock to the markets, which have been […]

The post Bank of England hikes interest rates to 1.25% after US Fed’s 0.75% rise appeared first on UK Investor Magazine.

The FTSE 100 was up 1.2% to 7,276 in midday trading ahead of the US Federal Reserve’s interest rates decision today, with the market expecting a 0.75% hike in light of the latest US inflation data after CPI hit a 40-year record high of 8.6% in May. “Investors seem to have anticipated the US Federal […]

The post FTSE 100 rallies ahead of US Fed interest rates decision appeared first on UK Investor Magazine.

The FTSE 100 fell again on Tuesday as early strength in housebuilders and banks shares wasn’t enough to offset concerns over volatility in US stocks and upcoming central banks decisions. The S&P 500 officially entered a bear market, with the index down 3.8% to 3,749.6 yesterday and tumbling 21.8% year-to-date. “The US market entered bear […]

The post FTSE 100 continues decline as S&P 500 enters bear market appeared first on UK Investor Magazine.

The FTSE 100 fell on Monday amidst a global equity selloff following a 0.3% contraction in UK GDP reported by the ONS today, and ahead of key central bank meetings this week. The UK markets were faring slightly better than other international markets, however the difference was credited to slide in the Sterling rather than […]

The post FTSE 100 falls as global markets struggle ahead of key central bank decisions appeared first on UK Investor Magazine.

UK GDP contracted by 0.3% in April, representing the second consecutive month of decline after the 0.1% fall in March, according to the latest data from the Office of National Statistics (ONS). The report confirmed services fell by 0.3% in April this year, which was the major contributor to the slide in GDP over the […]

The post UK GDP contracts 0.3% as all sectors contribute to economic slide appeared first on UK Investor Magazine.

The FTSE 100 took a hit of 2.1% to 7,317.5 at close of trading on Friday, after US inflation was revealed to have surged to a 40-year high of 8.6% in May this year. Global equity markets sank, with the NASDAQ down 3.1% to 11,390.1, the Dow sliding 2% to 15,155.4, the German DAX falling […]

The post FTSE 100 sinks with European shares after US inflation hits 40-year high appeared first on UK Investor Magazine.

Chancellor Rishi Sunak has been accused of throwing away £11 billion in taxpayer funds by overpaying for interest servicing government debt. Recent comments by the National Institute of Economic and Social Research (NIESR) said Sunak failed to insure against interest rate growth on £900 billion in reserves created through the quantitative easing programme. According to […]

The post Rishi Sunak accused of throwing away £11bn in taxpayer funds appeared first on UK Investor Magazine.

Credit card borrowing surged at its fastest annual rate in 17 years, the Bank of England reported on Tuesday. The Bank of England highlighted that consumers borrowed an extra £1.4 billion in consumer credit, with £700 million of new lending added on credit cards as the cost of living crisis continued to swallow consumer wallets […]

The post Credit card borrowing surges at fastest annual rate in 17 years appeared first on UK Investor Magazine.

The FTSE 100 was down 2.2% to 7,268.4 in midday trading on Thursday, as 40-year high inflation of 9% and the rising cost of living continued to erode investor confidence across the UK. However, the market was sheltered from the worst of the dramatic fall across the Atlantic, as the NASDAQ fell 4.7% to 11,418.1 […]

The post FTSE 100 falls 2% as US stocks tumble 4% appeared first on UK Investor Magazine.

The Consumer Price Index (CPI) rose to 9% in April compared to 7% in March, according to figures reported by the Office of National Statistics (ONS) today. The rise represents the highest 12-month growth since records began in 1997, and is also the highest rate on record for the constructed historical series, which kicked off […]

The post Inflation hits 40-year high of 9% as food and energy costs surge appeared first on UK Investor Magazine.

The FTSE 100 was up 0.8% to 7,528.9 following a recent report from the Office of National Statistics (ONS) that job vacancies outnumbered unemployment figures for the first time on record and total pay across the UK rose 7%, sending investors surging on a wave of optimism. The market was perhaps more grounded than it […]

The post FTSE 100 gains as European stocks soar appeared first on UK Investor Magazine.

Bank of England governor Andrew Bailey is set to be hauled over the coals by cabinet ministers today over his approach to tackling spiking inflation rates of 7% and the Bank’s alleged failures to keep inflation within the institution’s 2% goal. Bailey will appear before the Treasury select committee later today. Meanwhile, Cabinet Ministers have […]

The post Bank of England governor hauled over the coals for inflation rates appeared first on UK Investor Magazine.

Barclays is one of the highest-performing stocks on the FTSE 100 since the Bank of England hiked interest rates to 1% in early May. As inflation looks set to hit double-digits in October this year, where are Barclays shares likely to go? Barclays shares have fallen 20.8% year-to-date, however with the rise in interest rates […]

The post Barclays shares: What’s next after the BoE’s interest rates hike? appeared first on UK Investor Magazine.

The Bank of England announced a 0.25% hike in interest rates to 1%, the highest rate in 13 years. The Bank of England’s nine rate-setters voted six against three to raise interest rates to the projected 1% expected by the market, as a result of 30-year high rates of inflation sweeping the UK. The three […]

The post Bank of England hikes interest rates to 1% appeared first on UK Investor Magazine.

BoE says inflation could climb above 4% in coming months The Bank of England has suggested it is worried about the prospect of additional inflation. The UK central bank today predicted that prices will climb above 4% over the coming months, but added that increased rates are not yet a priority as they would come […]

The post Bank of England warns of winter inflation but will not raise rates just yet appeared first on UK Investor Magazine.

MPC says inflation is likely to reach 4% towards the end off 2021 The Bank of England confirmed on Thursday that there may need to be some “modest tightening of monetary policy” over the next two years in order to minimise the potential impact of high inflation. The Monetary Policy Committee (MPC) said that inflation […]

The post Bank of England holds rates at 0.1% despite change of tone appeared first on UK Investor Magazine.

H1 results season for banks will commence towards the end of July The Bank of England has removed the restrictions on bank dividends and share buybacks which were instated as a result of the pandemic. The central bank’s decision comes as it views the banking sector as robust enough to stomach any additional economic setbacks. […]

The post Bank of England removes restrictions on bank dividends with immediate effect appeared first on UK Investor Magazine.

Officials have suggested that China’s recovery is patchy Soaring commodities prices negatively impacted the performance of Chinese industrial companies during May. The impact trickled down to the rest of the Chinese economies and is adding to concerns over inflationary pressures. Profit levels at China’s industrial firms jumped by 36.4% in May year-on-year, according to data […]

The post China’s industrial profit growth slows adding to inflation concerns appeared first on UK Investor Magazine.

The Bank of England voted across the board to keep borrowing rates the same The Bank of England held its main interest rate at 0.1% on Thursday, a record low, despite the central bank warning of inflation pressures as the UK economy continues its recovery. Susannah Streeter, senior investment and markets analyst Hargreaves Lansdown, commented […]

The post Bank of England holds UK interest rates at a record low 0.1% appeared first on UK Investor Magazine.

The FTSE 100, which features companies that benefit from a weaker pound, is up by 0.47% Sterling fell on Thursday, down from its strongest position against the euro in over two months, as the Bank of England predicted inflation would exceed 3%. The central bank’s forecast of inflation is above its target for a “temporary […]

The post Sterling falls as BoE expects inflation to pass 3% appeared first on UK Investor Magazine.

It is the last for the Bank’s chief economist Andy Haldane For the first time in nearly two years, inflation went beyond its target, putting pressure on the Bank of England to increase interest rates. Consumer price inflation (CPI) jumped from 1.5% in April to 2.1% in May as the cost of fuel, clothes and […]

The post Bank of England faces pressure to address inflation ahead of interest rate decision next Thursday appeared first on UK Investor Magazine.

Test will analyse the ability of the UK’s major banks and insurers to adapt to the shift towards a net-zero emissions economy The Bank of England outlined its stress test of the ability of the UK’s financial system to deal with the threat of climate change on Tuesday. It added that the findings will not […]

The post Bank of England outlines climate stress test for banks and insurance companies appeared first on UK Investor Magazine.

Bank of England has set its new growth target at 7.25% for 2021 The Bank of England confirmed on Thursday that it has upgraded its growth forecast for the UK while suggesting it will not increase interest rates in the near future. This is despite the possibility of inflation rearing its head. The most recent […]

The post Bank of England to hold interest rates as it anticipates quicker UK recovery appeared first on UK Investor Magazine.

Rishi Sunak referred to the currency as ‘Britcoin’ UK households could be using digital pounds to pay for goods sooner rather than later as the Treasury and the Bank of England (BoE) revealed plans to set up a task force to look into the idea. A central bank digital currency (CBDC), which would sit alongside […]

The post Bank of England launches task force on digital currency appeared first on UK Investor Magazine.

Bank of England says no negative interests rate in the near future The Bank of England today announced it will not implement a policy of negative interest rates.  Instead, following a vote by the Monetary Policy Committee, the central bank held interest rates at 0.1%.  The Bank of England’s confidence in the UK economy caused […]

The post GBP/USD jumps as Bank of England holds interests rates appeared first on UK Investor Magazine.

FTSE 100 reversed early gains on Thursday afternoon after the Bank of England kept rates on hold and gave a more positive outlook on the UK economy than expected. The Bank of England’s optimism around the UK economy saw the pound stage a rally against the dollar and reversed much of the earlier gains seen […]

The post FTSE 100 reverses early gains following Bank of England rate decision appeared first on UK Investor Magazine.

The governor of the Bank of England, Andrew Bailey, has suggested that the UK’s unemployment rate may actually be higher than official figures currently show as the coronavirus pandemic continues to drive a surge in redundancies. In a speech to business leaders at the virtual Scottish Chambers of Commerce conference, Bailey acknowledged that the UK […]

The post Unemployment higher than official figures suggest appeared first on UK Investor Magazine.

With bank pay-outs on ice, Q3 dividends hit their lowest level since the financial crash aftermath in 2010 – down by 49.1% on a headline basis, to £18.0 billion. Of the estimated £14.7 billion of cuts during the third quarter, some two fifths of this number came from bank dividend reductions, due to Bank of […]

The post Unfreezing bank dividends: wise or woeful? appeared first on UK Investor Magazine.

Speaking earlier in the year, Governor of the Bank of England, Andrew bailey, said that he wouldn’t take negative interest rates off the table, if lenders and consumers required extra incentive to loosen their strings during the COVID downturn recovery. Interestingly, though, research conducted by FJP Investment indicates that half of UK investors are concerned […]

The post Only 12% of UK investors think they would benefit from negative interest rates appeared first on UK Investor Magazine.

The Treasury, Bank of England and FCA announced on Friday that they’d be convening to try and facilitate increased investment in ‘productive finance’. The organisations said that productive finance is that which expands productive capacity, sustainable growth and economic contributions. The FCA stated that areas requiring investment include: “plant and equipment (which can help businesses […]

The post Treasury, Bank of England and FCA to facilitate investment in productive finance appeared first on UK Investor Magazine.

UK inflation has edged up to 0.7% in October. The inflation rose from 0.5% in September and was pushed up by rising clothing prices, food, and second-hand cars. Clothing prices rose by 2.8%, whilst the price of food increased by 0.1% between September and October. Jonathan Athow from the Office for National Statistics said: “The […]

The post UK inflation picks up amid higher clothing & food prices appeared first on UK Investor Magazine.

Chancellor Rishi Sunak has brought in a raft of green finance initiatives in an effort to de-carbonise the UK economy. However, in a letter sent to the Chancellor, think-tanks, academics, researchers and financiers have outlined their concerns, with all signatories agreeing that Sunak’s new measures rely too heavily on market mechanisms. The Chancellor’s green finance […]

The post Financiers and academics say Sunak’s green finance approach is too market-oriented appeared first on UK Investor Magazine.

In its statement on Thursday, the Bank of England said “there are signs that consumer spending has softened across a range of high-frequency indicators, while investment intentions have remained weak”. This, and the need to help the government introduce renewed fiscal support during lockdown, saw the central bank announce an additional £150 billion in QE. […]

The post Bank of England £150bn QE: is it enough to face off the challenges ahead? appeared first on UK Investor Magazine.

Mortgage approvals have hit a 13-year high according to new figures from the Bank of England. In September, banks approved 91,500 mortgages – the highest figure since September 2007. Demand has been fuelled by the demand for more space since lockdown as well as the stamp duty holiday. “The number of mortgage approvals for house […]

The post Housing boom continues as mortgage approvals hit 13-year high appeared first on UK Investor Magazine.

UK inflation rose 0.5% last month following the end of the Eat Out to Help Out scheme. New data from the ONS consumer price index (CPI) showed inflation to increase from 0.2% in August to 0.5% in September. The rise of restaurant meals and transport helped to push up the level of inflation. The ONS […]

The post Inflation increases – yet remains well below BoE target appeared first on UK Investor Magazine.

On Friday, the Executive Director for Markets at the Bank of England, Andrew Hauser, announced the central bank’s intention to seek Treasury backing for incorporating climate risk into its asset purchasing methodology over the coming year. In a speech to the Investment Association, Mr Hauser said: “2% of the Bank’s Asset Purchase Facility consists of […]

The post Bank of England seeks to incorporate climate risk into bond purchases appeared first on UK Investor Magazine.

New figures from the Office for National Statistics (ONS) have consolidated suspicions that the UK economy suffered its largest quarterly fall on record between April and June this year due to the impact of the coronavirus pandemic. Gross domestic product – GDP – fell by 19.8% in the second quarter of 2020, in what has […]

The post UK economy shrivels in record second quarter GDP free-fall appeared first on UK Investor Magazine.

With the Governor of the Bank of England, Andrew Bailey, making it clear that negative interest rates could be a real possibility, it is time for investors, savers and entrepreneurs to start factoring in what these controversial measures could mean. Bank of England will have little interest in savers Aside from being the mainstay of […]

The post What BoE negative interest rates would mean for savers and entrepreneurs appeared first on UK Investor Magazine.

Recovering slightly from their morning losses, global equities regained some ground in the afternoon, even as the the Federal Reserve – Fed – and Bank of England – BoE – statements remained fresh in everyone’s minds. After an initially sharp fall, the Dow Jones recovered and then dipped again, down 0.41% or 115 points, to […]

The post Global equities remained in the red after cautious Fed and BoE statements appeared first on UK Investor Magazine.

The Bank of England‘s Monetary Policy Committee (MPC) voted on Thursday to maintain its all time low interest rate at 0.1% and leave its target for bond-buying unchanged at £745 billion. Although it looks as if the central bank will hold off on any further stimulus packages or the like to help bolster the UK […]

The post Bank of England sits tight on 0.1% interest rate appeared first on UK Investor Magazine.

Members of the public gathered outside of the Bank of England on Thursday to protest the bank’s failure to back up its green recovery promises with action. Protesters amassed on Threatneedle Street as the Bank of England announced its decision on QE and interest rates, as well as its Financial Stability Report. Many were seen […]

The post Protesters tell Bank of England to back up its Green Recovery promises appeared first on UK Investor Magazine.

The European Central Bank has called on Eurozone banks to continue scrapping dividends and to be “extremely moderate” with its bonus payments to staff, until at least the beginning of next year. Today’s call by the ECB is expected to be mirrored, at least in part, by the Bank of England. The move by Europe’s […]

The post ECB tells banks to extend dividend freeze, Bank of England considers following suit appeared first on UK Investor Magazine.

The UK’s High Court has ruled against the Venezuelan government in a legal battle over access to $1 billion worth of gold currently held by the Bank of England. Incumbent president Nicolás Maduro launched legal action against the Bank when it refused to hand over the gold, following opposition leader Juan Guaidó’s warning that it […]

The post UK High Court rules against Nicolás Maduro in row over Venezuelan gold appeared first on UK Investor Magazine.

The UK’s Chancellor of the Exchequer Rishi Sunak has warned that there are “tragic projections” for unemployment in the months ahead in a dire reflection on the impact of the coronavirus pandemic on the UK economy. Scrambling to recover Despite the success of the government’s furlough scheme and the much-needed boost from the Bank of […]

The post Sunak warns “tragic projections” for unemployment appeared first on UK Investor Magazine.

Chancellor of the Exchequer Rishi Sunak announced on Monday that Nikhil Rathi will take over as Chief Executive of the FCA. Prior to today’s announcement, Mr Rathi served as the Chief Executive of the London Stock Exchange from 2015, and is well-acquainted with Treasury officials, having served as Director of Financial Services for five years […]

The post Rishi Sunak announces Nikhil Rathi as new FCA Chief Executive appeared first on UK Investor Magazine.

Bank of England governor Andrew Bailey candidly revealed the true extent of the impact of the coronavirus pandemic on the UK economy, admitting that Britain reached the brink of insolvency in the early stages of the outbreak. If the Bank had not intervened, the government would have faced a “market meltdown” and struggled to fund […]

The post BoE Governor says UK was on brink of insolvency appeared first on UK Investor Magazine.

On Thursday the Bank of England announced it would extend its bond-buying programme by £100 billion, in a bid to support the UK economy through the Coronavirus pandemic. The move sees a continuation of the bank’s quantitative easing, which began at £200 billion in 2009, and after today’s announcement stands at £745 billion. It follows […]

The post Bank of England £100bn stimulus – what are the pros and cons of QE? appeared first on UK Investor Magazine.

The Bank of England has announced that it will pump an additional £100 billion into the UK economy to help offset the impact of the coronavirus pandemic. The bank’s Monetary Policy Committee (MPC) voted by an 8-1 majority to increase the target stock of UK government bonds – a continuation of the previous £200 billion […]

The post BoE unveils £100bn stimulus package to boost economy appeared first on UK Investor Magazine.

On the one hand stimulus hopes and Coronavirus treatments, on the other hand geopolitical tensions and a looming second wave. Global equities certainly weren’t short of things to consider on Wednesday, but rather had trouble dealing with contradictory news and mixed sentiments. On one side, markets were running off of the steam of Tuesday’s Fed-based […]

The post Tensions, stimulus and Coronavirus leave global equities caught in two minds appeared first on UK Investor Magazine.

The UK’s annual inflation rate tumbled to a record four-year low to 0.5% in May this year, driven by falling fuel and clothing prices as demand dwindled during the height of the coronavirus pandemic. According to the Office for National Statistics (ONS), plummeting fuel prices – down 16.7% in May – pushed Britain’s Consumer Price […]

The post UK inflation slips to four-year low in May appeared first on UK Investor Magazine.

The Bank of England have decided to cut interests rates in an emergency move to combat the current coronavirus epidemic. Legislators at the Central Bank decided to lower interest rates from 0.75% to 0.25% – a large cut considering increments are normally made in steps of 0.25% either way. The current state of affairs with […]

The post Bank of England cuts interest rates to combat coronavirus impact appeared first on UK Investor Magazine.

Persimmon (LON:PSN) have appointed the Bank of England Chief Operating Officer to its board in an announcement this morning. The firm said that Joanna Place will be taking a place on the Persimmon board as an independent non executive director. Place has has held her Chief Operating Officer Role at the Bank of England for […]

The post Persimmon appoint Bank of England Chief Operating Officer to their board appeared first on UK Investor Magazine.

Mark Carney gave the Bank of England a gentle goodbye kiss on Thursday, opting for the widely anticipated interest rate hold ahead of the UK’s exit from the EU. Bank of England taking the popular path The BoE’s release following the announcement read: “UK GDP growth slowed last year, reflecting weaker global growth and elevated […]

The post Bank of England interest rate hold – should we fear or cheer? appeared first on UK Investor Magazine.

The Bank of England top brass voted without unanimity to hold interest rates, in what will likely be Mark Carney’s last roll of the dice before handing over the reigns to his successor, Andrew Bailey. Despite what appeared to be mounting pressure to cut rates to support the UK economy through Brexit, today’s news reflects […]

The post Bank of England interest hold could help Sterling ignore the costly Brexit goodbye appeared first on UK Investor Magazine.

In a day lacking a wow factor, global equities opted for tentative gains following the opening of the US market on Tuesday afternoon. We can offer something of a half-hearted celebration for this news, given that we started off the day with modest losses and ended up checking out in the green. In spite of […]

The post Global equities lack inspiration and opt for insipid green appeared first on UK Investor Magazine.

In what was a largely tight-lipped appearance before the Treasury Committee, Governor of the Bank of England Mark Carney cited today’s Sterling rebound as being due to a no-deal Brexit scenario looking less likely. Following a sharp dip yesterday, in the build up to the historic meaningful vote in Commons, Carney told members of the […]

The post Sterling recovers with no-deal Brexit unlikely appeared first on UK Investor Magazine.

  The UK economy faces a “prolonged period” of weakness, according to the latest report from EY Item Club. According to a recently released Autumn report, think tank EY Item Club’s research has indicated the UK economy will experience weaker growth as consumer spending slows and businesses begin to reduce investments. Despite predictions that the […]

The post UK economy ‘faces prolonged weakness’, report says appeared first on UK Investor Magazine.