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Fed fears Trump policies could hinder effort to cut US inflation, minutes show
Federal Reserve officials see a rising risk that inflation may remain sticky in the US as policymakers begin wrestling with the impact of policies from the incoming Trump administration, according to the minutes of the US central bank’s latest meeting.
While officials believe inflation will continue to move toward 2%, …
Shein’s silence is farcical. It must answer fair questions if it wants a London listing | Nils Pratley
Two power station owners to get more than £12m for three hours of electricity
Two gas power station owners will be paid more than £12m to supply just three hours of electricity on Wednesday evening after freezing weather led to some of the highest market prices since the energy crisis began.
Britain faced surging power prices after Great Britain’s grid operator warned it would …
Rachel Reeves says she has ‘iron grip’ on finances as borrowing costs surge
Rachel Reeves took the rare step of issuing a public statement for the second successive day on Wednesday, insisting she has an “iron grip” on the public finances, as the sell-off in bond markets intensified.
The cost of 10-year government borrowing hit its highest level since the global financial crisis …
My partner Philippe Carden, who has died aged 74 of oesophageal cancer, was a well-known accountant in the field of theatre, film, television and the arts.
He was passionate about all the performing arts and he combined this with a talent for making personal tax less daunting. He was much …
Sales at toymaker Hornby up 7% after bumper Black Friday and Christmas
The toy-train maker Hornby enjoyed bumper trading in the final three months of last year, marking a turnaround for the Kent-based company, which has struggled since a hobby boom during the Covid pandemic.
Sales at the model train firm, which also sells toy planes and cars under the Airfix, Scalextric …
Why rising bond yields are rattling Rachel Reeves
For the past 15 years, western governments have been able …
Edinburgh to introduce tourist tax for overnight stays
Hotels, short-term lets and campsites in Edinburgh will start charging a visitor levy on all overnight stays in May, in a phased introduction to the scheme.
The levy, the first mandatory city-wide scheme in the UK, will be payable on all stays from July next year that are booked from …
Bank of England plans to ease ‘burden’ on lenders as regulations eased
The Bank of England plans to slash the “reporting burden” on UK banks and allow insurers to make riskier investments without initial approval, as it comes under
government pressure to ease regulations
introduced after the financial crisis.Sam Woods, a deputy governor at the Bank who leads …
Six big US banks quit net zero alliance before Trump inauguration
The six biggest banks in the US have all quit the global banking industry’s net zero target-setting group, with the imminent inauguration of Donald Trump as president expected to bring political backlash against climate action.
JP Morgan is the latest to withdraw from the UN-sponsored netzero banking alliance (NZBA), following …