If the currency is evidence of confidence the surge in the pound towards $1.30 must be regarded as a triumph. Sterling strength helps the Bank of England fight inflation as prices for oil and other commodities, priced in dollars, become cheaper. Don't expect Chancellor Rachel Reeves to do cartwheels but the confidence that a rising pound and a record-breaking stock market bring can only improve growth prospects. ...read
Just as well that Rachel Reeves is taking time before delivering her first budget. The economy is picking up pace, exposing frail forecasting by the Office for Budget Responsibility and the Bank of England. Early this week the Chancellor was still in election mode claiming the Tories have left the economy in the worst shape since the second world war. ...read
In his role as chairman of IDS owner of Royal Mail, Keith Williams (pictured) has just ended the postal service's two century old relationship with rail freight. From October 10 this year the Royal Mail is to sever relations with DB Cargo UK, dealing a blow to the freight sector and making a nonsense of a target to boost freight services 75% by 2050. ...read
We reported claims made in another publication that Lisa Armstrong had sold her home. In fact, we have been informed that this claim was wrong, and apologise for any misunderstanding.
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