IMF says UK fiscal measures ‘likely to increase inequality’, urges reconsideration

WASHINGTON, Sept. 27 (Reuters) – The International Monetary Fund on Tuesday targeted new British financial plans that have rocked markets and warned that “big and untargeted fiscal packages” were likely to widen inequality in Britain and tighten monetary policy. can undermine. In its first commentary on plans by the new UK Chancellor of the Exchequer … Read more

Morning Bid: Asia’s FX Doomloops

Banknotes of Japanese yen and US dollar can be seen in this image, taken September 23, 2022. REUTERS/Florence Lo/Illustration Register now for FREE unlimited access to Reuters.com Register Sept. 26 (Reuters) – A look at Jamie McGeever’s day ahead of Asian markets Expect an ugly opening to Asian markets on Monday as investors try to … Read more

Britain is betting everything on historic tax cuts and loans, investors scare

Register now for FREE unlimited access to Reuters.com Register Kwarteng lowers top income tax rate for growth Huge increase in UK sovereign debt issuance planned Stamps suffer worst malaise in decades Pound falls to new 37-year low against dollar LONDON, Sept. 23 (Reuters) – Britain’s new Chancellor of the Exchequer, Kwasi Kwarteng, on Friday unleashed … Read more

UK inflation rises to 18% in early 2023, Citi warns

Citi sees UK CPI peak of 18.6% in January BoE May Need To Raise Rates To 7% If Inflation Continues Ofgem limit reaches £3,717 in October, £5,816 in 2023 BoE forecasts inflation to peak in October at 13.3% LONDON, Aug 22 (Reuters) – UK consumer price inflation will peak at 18.6% in January, more than … Read more

Exclusive: Bank of England likely to have to raise rates again, says Ramsden

Bank of England Vice Governor Dave Ramsden sits for a portrait during a Reuters interview, at the Bank of England, London, UK, Aug. 8, 2022. REUTERS/Toby Melville Register now for FREE unlimited access to Reuters.com Register LONDON, Aug. 9 (Reuters) – The Bank of England will likely need to raise interest rates further from the … Read more

London Supreme Court rules Venezuela’s Maduro in $1 billion gold battle

Venezuelan President Nicolas Maduro looks on during a meeting with Alejandro Dominguez, president of the South American Football Confederation CONMEBOL, at the Miraflores Palace in Caracas, Venezuela, July 11, 2022. REUTERS/Leonardo Fernandez Viloria Register now for FREE unlimited access to Reuters.com Register LONDON, July 29 (Reuters) – The Supreme Court of London has rejected President … Read more

Bank of England tells lenders to brace for economic storm

By Andy Bruce and Huw Jones LONDON, July 5 (Reuters) – The Bank of England warned on Tuesday that the economic prospects for Britain and the world had darkened, telling banks to ramp up capital buffers to ensure they can weather the storm. “The economic outlook for the UK and globally has deteriorated significantly,” the … Read more