Economic News | The UK Economy | LondonLovesBusiness https://londonlovesbusiness.com/business-news/economic/ Business News Thu, 23 Jan 2025 17:01:04 +0000 en-GB hourly 1 https://londonlovesbusiness.com/wp-content/uploads/2020/07/LLB-favicon.jpg Economic News | The UK Economy | LondonLovesBusiness https://londonlovesbusiness.com/business-news/economic/ 32 32 Mexican peso shows resilience in the face of tariff uncertainty https://londonlovesbusiness.com/mexican-peso-shows-resilience-in-the-face-of-tariff-uncertainty/ Fri, 24 Jan 2025 08:34:05 +0000 https://londonlovesbusiness.com/?p=189311

The Mexican peso has recently shown relative resilience against the US dollar, recording marginal gains in a context marked by political uncertainty and the release of key economic data in…

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Homelessness costs ‘pushing boroughs to brink’ https://londonlovesbusiness.com/homelessness-costs-pushing-boroughs-to-brink/ Fri, 24 Jan 2025 06:18:35 +0000 https://londonlovesbusiness.com/?p=189317

London Councils warns that skyrocketing homelessness in the capital is “pushing boroughs to the brink”, with unsustainable pressure on local services and budgets. The cross-party group has welcomed a new…

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Chancellor’s attempt to salvage Non-Dom confidence ‘lands with a thud’ https://londonlovesbusiness.com/chancellors-attempt-to-salvage-non-dom-confidence-lands-with-a-thud/ Thu, 23 Jan 2025 15:58:43 +0000 https://londonlovesbusiness.com/?p=189300

UK Chancellor Rachel Reeves’ announcement of potential tweaks to the controversial non-dom reforms announced at Davos “has landed with a thud” among global investors and High Net Worth Individuals, says…

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Argentina: Nominal consumption growth and contraction in real terms amid inflationary pressures https://londonlovesbusiness.com/argentina-nominal-consumption-growth-and-contraction-in-real-terms-amid-inflationary-pressures/ Thu, 23 Jan 2025 12:47:48 +0000 https://londonlovesbusiness.com/?p=189265

The latest retail sales data in Argentina paint a complex picture, where nominal growth faces the harsh reality of persistent inflation. While nominal figures show a robust 138.7% year-on-year increase…

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Bitcoin declines for second day awaiting new regulatory reality for crypto in the US https://londonlovesbusiness.com/bitcoin-declines-for-second-day-awaiting-new-regulatory-reality-for-crypto-in-the-us/ Thu, 23 Jan 2025 12:44:23 +0000 https://londonlovesbusiness.com/?p=189263

Bitcoin continues to decline for the second day in a row by more than 1% and is heading below $103,000. This decline keeps the crypto market under pressure as both…

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Gold edges lower, market exposed to US policy risks https://londonlovesbusiness.com/gold-edges-lower-market-exposed-to-us-policy-risks/ Thu, 23 Jan 2025 12:41:54 +0000 https://londonlovesbusiness.com/?p=189261

Gold edged lower after approaching its previous highs. The market continues to react to the changes in the US dollar and Treasury yields and could see some volatility. Yields have…

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Dollar stable ahead of economic data https://londonlovesbusiness.com/dollar-stable-ahead-of-economic-data/ Thu, 23 Jan 2025 12:04:47 +0000 https://londonlovesbusiness.com/?p=189258

The U.S. dollar held steady, though heightened volatility is anticipated ahead of this week’s key economic data releases. The Initial Jobless Claims figures, due later today, are expected to provide…

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Reeves Budget sees manufacturers ‘confidence evaporate’ and will cut back ‘investment and hiring’ https://londonlovesbusiness.com/reeves-budget-sees-manufacturers-confidence-evaporate-and-will-cut-back-investment-and-hiring/ Thu, 23 Jan 2025 11:28:21 +0000 https://londonlovesbusiness.com/?p=189250

Sentiment across the manufacturing sector fell at the fastest pace in over two years in January, according to the Confederation of British Industry’s (CBI) latest quarterly Industrial Trends Survey. Manufacturing…

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Major supermarkets warn Reeves inheritance tax on farmers threatens ‘food security’ https://londonlovesbusiness.com/major-supermarkets-warn-reeves-inheritance-tax-on-farmers-threatens-food-security/ Thu, 23 Jan 2025 10:43:36 +0000 https://londonlovesbusiness.com/?p=189242

The Chancellor has been warned by Lidl and Tesco that her inheritance tax on farmers threatens “food security” for the UK. Rachel Reeves is under immense pressure to U-turn on…

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Chancellor delivered a blow as the UK is bottom of the list of growth amongst major economies https://londonlovesbusiness.com/chancellor-delivered-a-blow-as-the-uk-is-bottom-of-the-list-of-growth-amongst-major-economies/ Thu, 23 Jan 2025 09:54:03 +0000 https://londonlovesbusiness.com/?p=189208

According to a new analysis by iwoca, one of Europe’s largest SME lenders, reveals that among major economies, SMEs believe that the UK offers the least support for businesses and…

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