Labour MP Tristram Hunt quits to take up new role as director of Victoria & Albert Museum

Labour MP Tristram Hunt quits to take up new role as director of Victoria & Albert Museum Labour MP Tristram Hunt is to step down and leave the world of politics, as he prepares to take on the role of director of London’s Victoria & Albert Museum.The Stoke-On-Trent Central MP has been in talks with the museum for some time, according to PoliticsHome, which first broke the story. An announcement is expected later today. Friday 13 January 2017 9:54 am Share Hunt, a former shadow education secretary, was once thought a likely candidate to lead the Labour party, but he ruled himself out of the leadership race held in the immediate aftermath of the 2015 General Election, instead backing Liz Kendall for the role.He has been a vocal opponent of Jeremy Corbyn’s leadership and has refused to serve on his front bench.Hunt’s departure means another by-election – in the last vote, Hunt took the seat with a 5,100 majority over Ukip, who were ahead of the Tories by just 33 votes. Caitlin Morrison whatsapp whatsapp More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org read more

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More travel chaos for Londoners tonight after train derails at Lewisham

Read more: Do you travel with the UK’s worst train company? More travel chaos for Londoners tonight after train derails at Lewisham Commuters are facing severe disruption on the Southeastern network during the evening rush hour after a freight train derailed at Lewisham. Southeastern said all services through the area will be disrupted by the derailment, with some services suspended. whatsapp Caitlin Morrison A freight train has derailed in the #Lewisham area. All services through the area will be disrupted, with some services suspended— Southeastern (@Se_Railway) January 24, 2017Disruption is expected to continue until the end of the day.The rail network said there is no service on the Crayford and Sidcup route to Charing Cross or Cannonc Street, while New Eltham, Mottingham and Lee stations are closed and Dunton Green, Knockholt, Chelsfield, Grove Park, Elmstead Woods and Chislehurst stations have a very limited service. Some will run with diversions: Tuesday 24 January 2017 3:29 pm Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksRelated ArticlesTop 10 Date Night In Movies & Films Of All Time10 Amazing RVs You Won’t Want To MissCoolest Home Gadgets You Need To Seeby Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUnify Health LabsRandy Jackson: This 3 Minute Routine Transformed My HealthUnify Health LabsOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutHealthyGemBaby Has Never Eaten Sugar Or Carbs, Wait Till You See Her TodayHealthyGemWarped SpeedCan You Name More State Capitals Than A 5th Grader? Find Out Now!Warped SpeedSportPirateMeet The Woman Catherine Bell Is Dating At 52SportPirateMaternity WeekAfter Céline Dion’s Major Weight Loss, She Confirms What We Suspected All AlongMaternity Week Meanwhile, the following will run on normal routes:  17:08 Cannon Street to Dover Priory will start at Blackfriars at 17:08 17:30 Cannon Street to Broadstairs will start at Blackfriars at 17:30 17:52 Cannon Street to Broadstairs will start at Swanley at 18:16 18:12 Cannon Street to Ramsgate will start at Blackfriars at 18:12 whatsapp Some evening peak services from Cannon Street will be revised: Hastings to Charing Cross  Ramsgate and Dover to Charing Cross  The Greenwich line The Bexleyheath line Hayes to London Charing Cross trains will run but are unable to call at Lewisham Trains that usually terminate at Tunbridge Wells will start from Victoria, and trains that usually start at Tunbridge Wells will be diverted to Victoria read more

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MPs just voted overwhelmingly to back an Article 50 Bill

Wednesday 1 February 2017 7:41 pm Mark Sands whatsapp whatsapp By contrast 114 MPs, including 56 members of the Scottish National Party, voted against the Bill.A large number of the remaining votes against the Bill came from the Labour party, despite Jeremy Corbyn instituting a three line whip ordering his MPs to back the legislation.Any members of Corbyn’s frontbench who voted against it will be expected to be replaced, and Labour revealed that shadow environment secretary Rachael Maskell and shadow equalities minister Dawn Butler had resigned in the build up to the vote.Shadow education minister Tulip Siddiq was the first to quit, resigning last week, and was followed days later by shadow secretary of state for Wales Jo Stevens.It came after full day of debate that saw former chancellor George Osborne argue the government was prioritising immigration over the economy, and warn that Brexit negotiations with the EU should be expected to turn “bitter”.MPs will hold a final vote on the Article 50 Bill on 8 March before debate moves to the House of Lords. An overwhelming majority of almost 500 MPs have expressed their support for a Bill granting Prime Minister Theresa May the power to begin Brexit negotiations.In the first vote in the House of Commons on the Article 50 Bill, 498 MPs backed the legislation moving to the next stage, where amendments can be tabled. Share Read This NextIf You’re Losing Hair in This Specific Spot, It Might Be a Thyroid IssueVegamourTop 5 Tips If You’re Losing Your EyebrowsVegamour20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The WrapMore People Now Use YouTube Than Facebook or Instagram – What Happened?The WrapNFL nixes Pittsburgh Steelers’ training camp plan; team to train inSportsnautRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapWhat Causes Hair Loss? Every Trigger ExplainedVegamourHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapSmoking and Hair Loss: Are They Connected?Vegamour MPs just voted overwhelmingly to back an Article 50 Bill read more

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Days of promise lie ahead for British firms selling to booming Asian markets

whatsapp I returned yesterday from my latest trade mission to Hong Kong, mainland China and South Korea, which I undertook with the aim of exploring business opportunities across Asia for Britain.This is a crucial moment for the UK’s economic relationship with key overseas partners, in particular China, and expanding our economic ties in the most important growth market of the twenty-first century – Asia – is of the utmost importance. Days of promise lie ahead for British firms selling to booming Asian markets whatsapp Read more: Mrs May must be even bolder to make Global Britain a free-trading successI was also delighted to open the British Council’s 2017 Alumni Awards in Hong Kong, where outstanding graduates from British universities were honoured. In addition, I witnessed the signing of a memorandum of understanding on financial education and training between the Department for International Trade and the Lujiazui Financial City Authority.During my trip I had the chance to experience the remarkable bullet trains that cross China – it was certainly amazing to see the countryside flying by at 180 miles an hour. Infrastructure, advanced engineering, and green technology are all areas where the UK has world leading experience, and these industries are in increasingly high demand as the Asian economies continue to grow rapidly.As the UK looks to begin the process of leaving the EU, and seeks to strengthen trade links across the world, I am more confident than ever following this visit to Asia that days of promise lie ahead. Staying open for business post Brexit and remaining the European regional partner of choice were the key messages that I have been relaying to my hosts. The policy-makers and business leaders I met there are keen to have an update on our Brexit plans and the current financial climate in the City. I was glad to hear that many of them still see the UK as one of the best places in Europe in which to invest and do business, and the aim was to further economic cooperation in areas such as insurance, asset management, fintech and green finance.Read more: London: Our city of eternal resilience is not endangered by BrexitIt was also great for us to know more about development plans in this region, including the One Belt One Road initiative, China’s roadmap to re-construct the Silk Road and South East Asian maritime links via coordinated infrastructure financing and development. This can unlock untapped opportunities for British firms in Asian markets.I am particularly excited about the opportunities for British companies which I heard about in Tianjin, China’s fourth largest city, with their mayor expressing a desire for Tianjin to become a regional financial centre of excellence. The mayor also expressed interest in Chinese workers receiving training in the City.During this trip, it was highlighted how important investing in education and training is to Asian businesses as they look to develop in the future. I was especially pleased to launch the search for the first Mansion House Scholar from South Korea while in Seoul. This will offer an exceptional South Korean student or young business executive the chance to study in the UK, fostering goodwill in the country. Share Andrew Parmley Monday 27 February 2017 4:45 am read more

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Spring has sprung: Londoners to bask in 16-degree heat today

Parts of the country are expected to be hotter than Istanbul, where the mercury will just about reach 12 degrees, according to a report in the Independent.Londoners should make the most of the sunshine as temperatures are expected to dip to 12 degrees on Friday as the cloud thickens – though there will be bright intervals throughout the day.The weekend, however, is looking rather more drab – we will experience patchy rain at times with some drier spells, although temperatures could reach highs of 14 degrees on Saturday, so it’s not all bad news.The tail end of last month saw the UK experience the hottest day of the year so far with the mercury reaching higher than average temperatures of 17 degrees. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeInFamilyMag.comMan Orders Pizza Every Day For 10 Years Until Employees Realize Something Is Very WrongInFamilyMag.comUndoalldelishThe 14 Healthiest Vegetables on EarthalldelishUndoOpulent ExpressThese Newborn Quadruplets Are One In A Million — Check Out Their Unique FacesOpulent ExpressUndoLife IndigoMeghan Markle Takes Off Her Makeup And This Is How She Really LooksLife IndigoUndoGasSpouts.comDon’t like your hard to use Gas Can Spout – Get a replacement spout that works!GasSpouts.comUndoyourhelthcare.comThis Is What Will Happen When You Eat Bananas Every Dayyourhelthcare.comUndoDefinition30 Largest & Insane Military Vehicles In The WorldDefinitionUndoTheTopFiveVPNGive Your Zoom Meetings More Protection With VPNTheTopFiveVPNUndoFar & WideChange The Way You See The World With 45 MapsFar & WideUndo Spring has sprung: Londoners to bask in 16-degree heat today Nina Edy whatsapp whatsapp More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Share The official beginning of spring is just under two weeks away, but the weather has been gracing us with a preview of what’s to come.Following a turbulent February, those in London and the South East will welcome a dry and bright day with plenty of sunny spells today – with maximum temperature hitting 16 degrees, says the Met Office. Thursday 9 March 2017 11:44 am read more

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Premier Oil doubles profits as it eyes new North Sea project

whatsapp Premier Oil doubles profits as it eyes new North Sea project Thursday 23 August 2018 9:44 am The company saw revenues rise 14 per cent to $643m, with higher oil and gas prices making up for lower production so far this year, which Premier blamed on planned shutdowns at its Huntington and Solan fields and lower Singapore gas demand.Read more: French oil giant Total pulls out of Iran over US sanctionsHowever, a ramping up of production in the firm’s North Sea Catcher field has since boosted production rates by 18 per cent, and Premier expects production to hit between 80,000 and 85,000 barrels of oil per day this year.Its performance meant Premier managed to bring its net debt down slightly to $2.65bn, while cashflow took a hit from a $50m reduction in the firm’s joint venture cash balance to fall by almost a quarter to $224.6m.Meanwhile, operating costs increased from $12.4 per barrel to $13.1 per barrel due to higher costs of storing and producing oil in Catcher field. Premier Oil struck it rich with its half-yearly results today, posting a doubling of profits to almost $100m (£78m).Higher oil prices pushed the British energy firm’s profits after tax up from $40.7m in the first half of 2017 to $98.4m for the six months to the end of June this year. Joe Curtis The results come just a day after Premier approved its Tolmount gas project in the North Sea, which it believes should produce 500bn cubic feet of gas from 2020. It plans to begin construction in December.Chief executive Tony Durrant said: Share Shares flew up three per cent in early morning trading to £1.25.Read more: Wood Group slips to loss as it hails recovery in oil and gas arm “Premier met its operational targets for the period. The Catcher area is now at plateau production rates which, together with higher commodity prices, is driving free cashflow generation and net debt reduction.“We have progressed our development projects while maintaining strict capital discipline. We can also look forward to a high-graded exploration and appraisal programme which has the potential to deliver very significant value for the business.” Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoCrowdy FanKaley Cuoco Net Worth Left Her Billionaire Husband SpeechlessCrowdy FanUndoinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.comUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThis Woman’s Obituary Was So Harsh, Her Son Was Left ReelingTotal PastUndoVitaminewsFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldVitaminewsUndoOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndo whatsapp More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comWhy people are finding dryer sheets in their mailboxesnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comConnecticut man dies after crashing Harley into live bearnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com read more

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Sky’s the limit: Dramatic auction between Comcast and Fox nears its conclusion

first_imgWhile Comcast’s current bid would value Sky at £26bn, analysts think the company could end up fetching a far higher price.David Madden, an analyst at CMC Markets, said Sky could be sold for between £32.4bn and £37.6bn.Corporate takeovers are rarely settled at an auction, and the Sky deal will be the biggest ever in the UK to be decided in this manner.Just three British takeovers have been settled at an auction since 2007, including the sale of steelmaker Corus to Tata for £6.2bn in 2007.Since Murdoch’s Fox first tabled a £10.75 offer in December 2016, Sky shares have more than doubled, and have risen 56 per cent since the start of the year. Sebastian McCarthy The price of both offers will be announced following the auction, after which the Sky board will recommend an offer for shareholders to accept.A decision later today will put to rest a long-awaited bidding process which has seen Sky receive a flurry of investment from US giants looking to strengthen their markets against disruptors such as Netflix and Amazon.Fox currently has a £14 per share bid on the table for the 61 per cent of Sky it does not already own, while Comcast has tabled a higher bid of £14.75.Goldman Sachs is advising Fox on the deal, while Comcast has recruited Bank of America Merrill Lynch, Evercore and London boutique Robey Warshaw.Sky is being advised by Morgan Stanley, PJT Partners and Barclays.  The dramatic fate of Sky is nearing its finale, as a £26bn head-to-head auction between two of the world’s most powerful media companies enters into its final few hours.Comcast is battling it out with Rupert Murdoch’s 21st Century Fox and its powerful soon-to-be owner Disney in a rare auction, which includes up to three rounds of bidding designed to culminate in two final offers for Europe’s biggest pay-TV broadcaster. Sky’s the limit: Dramatic auction between Comcast and Fox nears its conclusion center_img Saturday 22 September 2018 9:40 am whatsapp whatsapp Sharelast_img read more

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London pub and restaurant sales buck the trend as casual dining chains struggle to stand out

first_img James Warrington whatsapp The figures, published in the Coffer Peach Business Tracker, show the continued pressure on the over-crowded restaurant industry. Growing competition and rising business rates meant collective like-for-like sales across the UK were up just 0.2 per cent on last October.The difficulties are most evident among casual dining restaurants, which have seen a spate of closures in recent months.Earlier this month Casual Dining Group (CDG), which owns chains such as Cafe Rouge and Bella Italia, called in a restructuring adviser to help cuts costs amid challenging trading conditions.Moreover, the disparity in sales figures shows the squeeze in the restaurant industry is being felt more acutely outside the capital.“Restaurants saw volume sales, measured by covers, down 1.4 per cent for the month, which is worrying, although spend has remained essentially static,” said Phil Tate, chief executive of CGA, one of the companies that produces the tracker. whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoFinancial 10NHL Player’s Wife Is Hands Down The Most Beautiful Woman In The WorldFinancial 10UndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoFinance Wealth PostTom Selleck’s Daughter Is Probably The Prettiest Woman To Ever ExistFinance Wealth PostUndoTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastUndoScientific MirrorLily From The AT&T Ads Is Causing A Stir For One ReasonScientific MirrorUndoGive It LoveThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayGive It LoveUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndo Pub and restaurant groups in the capital delivered “relatively healthy” like-for-like sales in October, but growth remained flat across the rest of the country.Overall like-for-like sales grew 2.5 per cent in London, compared with a 0.5 per cent fall outside the capital. Sales in managed pubs and bars were ahead of restaurants, increasing 3.6 per cent in London from last October. Share London pub and restaurant sales buck the trend as casual dining chains struggle to stand out More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org “But the really big problem for the sector, and restaurant brands in particular, is continuing fierce competition, added to the burden of increasing business costs that are squeezing both margins and profits.”The tracker collects sales figures from 49 operating groups in the UK with a combined turnover of £9bn. Total sales were up by 2.6 per cent compared to October 2017, boosted by new openings over the last year.“These figures show the challenges faced by the industry,” said Trevor Watson, executive director of valuations at Davis Coffer Lyons.“Competition is stronger than ever. The pub market remains more resilient because it does not have the same over-capacity issue.”He added: “The ongoing relative strength of London is borne out by our own views of the London restaurant property market, which remains active.” Tags: Trading Archive Monday 19 November 2018 12:03 amlast_img read more

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City A.M.’s shadow monetary policy committee unanimously vote to hold interest rates

first_img City A.M.’s shadow monetary policy committee unanimously voted in favour of holding rates for a third consecutive month.In November City A.M’s panel of economists and experts voted to hold, with the majority citing Brexit concerns.An eventful six weeks later and the panel has maintained its view that there still was not enough clarity around Brexit to hike rates despite strong wage growth and low unemployment.The panel noted that recent accelerated wage growth, which hit a ten-year high earlier this month, pointed towards potential future hikes.This month’s chair Mike Bell, market strategist at JP Morgan Asset Management said global risks, trade tensions and the negative impact Brexit was having on consumer and business confidence meant it was not the time to raise rates. Ruth Gregory, Capital EconomicsHoldHold for now given the signs of cooling economic activity and the risk of a “no deal” Brexit. But with domestic price pressures building, signal further hikes are on the way. Share whatsapp Several panellists hoped the Bank would signal that further hikes could be on the way into next year.But Janus Henderson Investors’ analyst Simon Ward said the most recent hike in August was looking like a “dreadful mistake” as the government appeared prepared for a no-deal Brexit.The UK inflation rate dropping to 2.3 per cent in November will also satisfy the MPC and was below the Bank’s expectation of 2.5 per cent. Jacob Nell, Morgan StanleyHoldGiven the range of Brexit outcomes, the MPC should wait for more clarity while noting that an economy running at capacity and pay at a cycle-high point to higher rates. Guest Chair: Mike Bell, JP Morgan Asset Management Tej Parikh, Institute of DirectorsHoldIt’s best for the Bank to hang tight for now, at least until the nature of Brexit clears up a little – anything else would be a stab in the dark. The Bank of England has no choice but to hold interest rates when its monetary policy committee meets tomorrow as Brexit uncertainty continues to loom large, city economists have warned.The Bank’s rate-setting monetary policy committee (MPC) will announce its decision at midday and is expected to leave rates unchanged at 0.75 per cent. Jeavon Lolay, Lloyds BankHoldThere are further indications that demand has been affected by rising uncertainty relating to Brexit. The current stance remains appropriate as we wait for greater clarity in the coming months. Simon Ward, Janus HendersonHoldWith the global and UK economies rapidly losing momentum, and the government apparently prepared to risk a crash Brexit, the August hike is beginning to look like a dreadful mistake. City A.M.’s shadow monetary policy committee unanimously vote to hold interest rates Callum Keown HoldOn the one hand, accelerating wage growth and low unemployment argue in favour of higher interest rates.On the other hand, global risks are rising with a slowdown in Europe, a late cycle US economy and continued trade tensions.Add into the mix the ongoing uncertainty around Brexit, and the negative effect it is having on consumer and business confidence and it feels like now is not the time to raise rates.Ultimately, the downside risks to growth seem greater than the risk of a sharp increase in inflation. Kallum Pickering, Berenberg​HoldRecent upside surprises in wages signal the need for a continued gradual tightening. However it is better to hold off for now to see how Brexit plays out. Simon French, Panmure GordonHoldWith the recent fall in the global oil price, uncertainty over the supply side changes due to Brexit and scant evidence of sustained core inflation there no urgency to change the bank rate. whatsapp Wednesday 19 December 2018 5:25 pm Vicky Pryce, CEBRHoldWhile wage growth has picked up, manufacturing went into reverse again after the summer boost, services and retail spending remain under pressure and business optimism is suffering as the Brexit approaches. Tags: Trading Archivelast_img read more

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US economic growth unexpectedly slows in final quarter

first_img Tags: Trading Archive whatsapp Read more: Fed slows balance sheet reduction and holds line on ratesHowever, the Fed signalled earlier this month that it would hold rates at their present level longer than previously thought, citing slowdown in America and an uncertain global economic environment. US economic growth unexpectedly slows in final quarter Read more: US consumer confidence falls as worries about country’s economy mountThe new figure, released by BEA today, “is based on more complete source data” than its previous estimate, the bureau said, and still remains one of the highest growth rates among the world’s biggest economies. The UK economy grew by 0.2 per cent in the three months to January, the Office for National Statistics said earlier this month.The US’s fourth quarter annual GDP growth rate was considerably lower than the 3.4 per cent annual growth rate registered in the previous quarter. The revised figures bring US GDP growth to 2.9 per cent for 2018, up from 2.2 per cent in 2017, according to BEA data.Personal consumption expenditure growth also slowed, growing at 1.5 per cent in the fourth quarter compared to the quarter three. The previous three growth figures for the year were 1.6 per cent, two per cent, and 2.5 per cent.The data will contribute to the debate on the direction of the US Federal Reserve’s interest rates decisions. A slowdown in growth and consumer spending is the natural result of the Fed’s interest rates rises over the last two years. Harry Robertson center_img More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com Thursday 28 March 2019 3:07 pm whatsapp Share America’s economic output grew more slowly than previously expected in the final quarter of 2018, at an annual rate of 2.2 per cent, figures released today showed.The 2.2 per cent figure, which amounts to 0.55 per cent GDP growth in the final quarter compared to the previous quarter, was 0.4 percentage points lower than the US’s Bureau of Economic Analysis (BEA) had estimated last month.last_img read more

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