Tag: Economy
Private Schools at Risk of Collapse Amid Chancellor’s VAT Raid: Labour Prepares for Worst...
Title: Private Schools Face Closure Threat as Chancellor Imposes VAT: Labour Braces for ImpactThe Chancellor's recent announcement in the Autumn Budget has sent shockwaves through the private school sector, as Rachel Reeves revealed plans...
2025 Gold Outlook: Safe Haven Status in Focus – London Business News
Gold Outlook for 2025: Safe Haven Status in FocusGold is currently experiencing a mix of movements in the market, with support coming from the weakening U.S. dollar and declining U.S. Treasury yields. As of...
US Consumer Confidence Reaches Record Highs in 2023 – London Business News
U.S. consumer confidence has reached a record high, according to the Conference Board. In November, it reached 111.7, the highest level since 2023. This is the second consecutive increase since September, indicating positive momentum...
The Business Distress Index: UK Business Health Check – London Business News
The Business Distress Index for Q3 2024 (July to September) from Real Business Rescue, corporate insolvency and business rescue specialists, reveals that London has the highest number of businesses in financial distress. This period...
London Business News: Christmas Sales Slump in October – What It Means for Retailers
The latest data from the Office for National Statistics (ONS) reveals that retail sales, both in stores and online, experienced a decline in October. Sales volumes dropped by -0.7% compared to September, while sales...
Pound Faces Downward Pressure as Economic Growth Declines in London – London Business News
The British pound is currently facing downward pressure, especially against the U.S. dollar, which is having a strong week. The Federal Reserve's cautious approach to monetary policy and Chair Powell's positive remarks about the...
Gold Prices Continue to Drop as Rate Cut Expectations Diminish in 2022
Gold prices took a sharp dive today, hitting their lowest point since mid-September at nearly $2,540 per ounce. This marks the sixth consecutive day of losses for the precious metal in spot trading. The...
Gold prices decline as bond yields increase, prompting market reassessment of monetary policy direction...
Gold prices have been on a downward trend for the past five days, hitting their lowest point since early September. This decline is being attributed to the rise in bond yields and the strength...
Black Friday Weekend Spending Expected to Reach £9.14 Billion as Shoppers Prepare for Christmas
This Black Friday weekend, UK consumers are expected to spend a whopping £9.14 billion as they gear up for their Christmas shopping. According to VoucherCodes.co.uk’s Shopping for Christmas 2024: The Black Friday sales report,...
Yen Weakens Amid BoJ Uncertainty and US Dollar Strength – London Business News
The Yen has weakened due to uncertainty surrounding the Bank of Japan and the strength of the US Dollar. This news comes amidst various developments in different sectors:Polish Prime Minister Donal Tusk is scheduled...
Impact of Labour’s Budget on Sainsbury’s: £140M Cost & Higher Inflation
Sainsbury's, a popular supermarket chain, recently announced that they are expecting to incur £140 million in costs as a result of the Autumn Budget. The company also anticipates higher inflation due to the significant...
Dollar weakens due to election risks and Fed rate decision – London Business News
The dollar has weakened recently due to concerns about the upcoming U.S. election and an important decision from the Federal Reserve. Many investors are keeping a close eye on these events, which has led...
Boost in Consumer Confidence Amid Decrease in Inflation
Consumer confidence is on the rise as inflation rates decrease, bringing positive news in the financial sector. The two Mobeus VCTs have managed to sell out, raising an impressive £90 million in just 45...