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The Latest Breaking News from Thomas Pugh

UK ‘headed for stagflation’ as economy flatlines and inflation bites due to Iran war

Stagflation – a combination of rising inflation, higher unemployment and low or zero economic growth – is seen as a ‘worst of both worlds’ scenario

The Independent UK

Is this the end of the five-day week? These companies think so

A four-day week trial among UK businesses resulted in nearly two-thirds of employees feeling less burned out

The Independent UK

How will your household costs be affected by conflict in the Middle East?

The price of oil rising impacts on fuel, transport, production and inflation

The Independent UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Bank of England rate cut expected despite ‘fiscal loosening’ of Budget

A quarter-point cut is forecast on Thursday, but Labour’s Budget has trimmed hopes of a rapid string of rate cuts afterwards.

Evening Standard

Number of UK mortgage approvals at highest level since 2022 mini-budget

Bank of England figures show fourth monthly increase in a row as September approvals rise by 700 to 65,600

The Guardian - UK

Housing market ‘is reviving’ amid growth in house prices and mortgage approvals

Figures released on Monday showed a two-year high in annual house price growth and mortgage approvals for house purchase.

The Independent UK

Mortgage approvals for house purchase jump to highest levels since mini-budget

The Bank of England recorded 62,000 approvals in July – the highest total since September 2022.

The Independent UK

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Number of home buyer mortgage approvals slumped to six-month low in August

Net approvals for remortgaging fell to the lowest level since 2012, the Bank of England said.

The Independent UK

Will Rishi Sunak reintroduce austerity?

Tax rises and public sector funding cuts widely expected as new PM seeks to balance books

The Independent UK

Fourth interest rate rise in a row looms at Bank of England with job market hot

City economists think the Monetary Policy Committee will hike the UK’s interest rate to 1% at its next meeting on May 5

People

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Monetary Policy Committee

StepChange Debt Charity

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