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Today: March 16, 2025
Today: March 16, 2025
William Schomberg

William Schomberg

Staff Writer

Latest From William Schomberg

Economy|Finance

Bank of England set to bury Sunak's pre-election rate cut hopes

Any lingering hopes Prime Minister Rishi Sunak might still have for a pre-election interest rate cut will probably be dashed next week, when the Bank of England

Bank of England set to bury Sunak's pre-election rate cut hopes
Election|Europe|News|Political

UK election winners inherit huge challenges, from economy to health

The winners of Britain's election on Thursday - which looks set to end 14 years in power for the Conservative Party - will take on

UK election winners inherit huge challenges, from economy to health
Economy|News

UK election-winner Starmer inherits weak economy with 'no magic wand'

Britain's next prime minister Keir Starmer spent the election campaign accusing Rishi Sunak's Conservatives of "14 years of economic failure", but he has no

UK election-winner Starmer inherits weak economy with 'no magic wand'
Business|Economy|Finance

New UK government puts wealth fund at heart of investment push

Britain's new government took a first step on Tuesday to boost public and private investment and modernise the economy, placing a National

New UK government puts wealth fund at heart of investment push
Economy|News

Rebounding UK economy offers no long-term relief to Keir Starmer

Britain's new government has inherited an economy that is gathering momentum but the recent, stronger-than-expected growth figures do not mean Prime Minister

Rebounding UK economy offers no long-term relief to Keir Starmer
Business|Economy|Finance|News

UK inflation pressures stay hot, reducing chance of August rate cut

British inflation defied forecasts for a slight fall and held at 2% in June while strong underlying price pressures prompted investors to

UK inflation pressures stay hot, reducing chance of August rate cut
Business|Economy|Finance|News

UK pay growth slows but remains high for Bank of England

Wages in Britain grew a bit more slowly but still increased at a pace that would normally be too strong for the Bank of England, leaving in doubt

UK pay growth slows but remains high for Bank of England
Business|Economy|Finance

BoE rate cut adds to sense of turnaround in sluggish UK economy

The Bank of England's first interest rate cut in more than four years will help to foster a cautious sense of optimism about Britain's long-struggling economy,

BoE rate cut adds to sense of turnaround in sluggish UK economy
Business|Economy|Finance|News

UK retail sales fall for 3rd month, CBI says

British retailers reported a third straight month of falling sales in August and they expect another decline in September, prompting them to lower their hiring

UK retail sales fall for 3rd month, CBI says
Business|Economy|Finance|News

UK house prices fall for first time since April, Nationwide says

British house prices unexpectedly fell in August for their first monthly drop since April but the outlook for the property market is likely to strengthen,

UK house prices fall for first time since April, Nationwide says
Economy|News

UK consumers take fright as new government warns of pain, survey shows

Prime Minister Keir Starmer's warnings about the state of the British economy and the likely need for tax increases in next month's budget have caused consumer

UK consumers take fright as new government warns of pain, survey shows
Business|Economy|Finance

Global hunt for neutral interest rate to shape finance costs

With key central banks now aligned in cutting interest rates a real-time experiment is underway in how much the global financial

Global hunt for neutral interest rate to shape finance costs
Economy|Europe|Finance|News

Bank of England could become 'more aggressive' on rate cuts, Bailey says

The Bank of England could move more aggressively to cut interest rates if inflation pressures continue to weaken but conflict in the Middle

Bank of England could become 'more aggressive' on rate cuts, Bailey says
Economy|Finance|News

UK's Reeves promises 'guardrails' around extra borrowing in budget

British finance minister Rachel Reeves said she will introduce "guardrails" to ensure that extra borrowing for investment in her first budget is not excessive

UK's Reeves promises 'guardrails' around extra borrowing in budget
Economy|Finance

Plunging UK inflation spurs rate cut bets, offers budget relief for Reeves

British inflation slowed sharply last month and key price gauges watched by the Bank of England also fell, bolstering bets on a November interest rate

Plunging UK inflation spurs rate cut bets, offers budget relief for Reeves
Business|Economy|Finance

PIMCO says UK budget unlikely to shock markets, gilts look attractive

Britain's new government is unlikely to upset investors in its first budget this month and the outlook for its debt is more positive than

PIMCO says UK budget unlikely to shock markets, gilts look attractive
Business|Economy|Finance

The UK's budget - it's all about the 'working people'

Speculation is swirling about what new British finance minister Rachel Reeves might announce in her first tax and spending plan this month, but one thing she

The UK's budget - it's all about the 'working people'
Economy|Finance

UK borrowing overshoot highlights budget pressure on Reeves

British public borrowing in the first six months of the tax year came in higher than official forecasts, according to data that underscored the challenge facing

UK borrowing overshoot highlights budget pressure on Reeves
Business|Economy|Europe|Finance

UK finance minister Reeves readies higher taxes and investment in debut budget

British finance minister Rachel Reeves will seek to shift the world's sixth-biggest economy, and Prime Minister Keir Starmer's government, onto a new course

UK finance minister Reeves readies higher taxes and investment in debut budget
Business|Economy|Finance

UK inflation worries tick up after big-spending budget and Trump win

Just when Britain seemed to be moving beyond its inflation problem, the new government's spending splurge and the risk of a global trade war triggered by U.S.

UK inflation worries tick up after big-spending budget and Trump win
Business|Economy|Finance

Nearly 1 million UK workers are uncounted, think tank says

Britain's official labour market statistics may be failing to count almost 1 million people who are in work, complicating the Bank of England's task of deciding

Nearly 1 million UK workers are uncounted, think tank says
Economy|Europe|Finance

UK inflation jumps to 2.3%, underscoring BoE's stance for gradual rate cuts

British inflation jumped by more than expected last month to rise back above the Bank of England's 2% target and underlying price growth

UK inflation jumps to 2.3%, underscoring BoE's stance for gradual rate cuts
Business|Economy|Finance

UK retail sales dived before new government's budget, ONS says

British retail sales fell by much more than expected in October, according to official data that added to other signs of a loss of momentum in the economy in

UK retail sales dived before new government's budget, ONS says
Business|Economy|Finance

UK firms report first contraction since 2023 after budget, PMI shows

The new British government's plan to increase taxes on businesses contributed to the first contraction in private sector activity in over a year, a survey showed

UK firms report first contraction since 2023 after budget, PMI shows
Business|Economy|Europe|Finance|Political

Bank of England warns of risks from rise in global trade barriers

The Bank of England warned on Friday that higher trade barriers could hit global growth and feed uncertainty about inflation,

Bank of England warns of risks from rise in global trade barriers

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