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27.07.26 - 01:18
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Rising oil prices could force up UK interest rates, say economists (The Guardian)
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Bank of England expected to keep rates on hold on Thursday but renewed Iran conflict casts shadow over energy costsThe Bank of England could be forced to tear up its economic forecasts and raise interest rates later this year if oil prices return to above $100 a barrel, according to City economists.Before a meeting of Bank officials on Thursday, economists said that while an interest rate hike would probably be avoided this week there could be some in the future because of conflict in the Middle East. Continue reading......
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19.07.26 - 07:18
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Bank of England to stop accepting bonds linked to coal for key loans (The Guardian)
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Campaigners hope move will force commercial banks to rethink holding assets linked to the fossil fuelClimate campaigners have declared a victory after the Bank of England said it would no longer accept bonds linked to one of the most polluting industries on the planet for key loan arrangements.The ban, which comes into force in October, marks a fresh crackdown on thermal coal, which is burned in power plants to create electricity, and has long been a target of green policy activists. Continue reading......
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14.07.26 - 04:36
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Appetite for yuan assets sees London Clearing House accept dim sum bonds as collateral (SCMP)
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The London Clearing House (LCH) has begun accepting offshore yuan-denominated Chinese government bonds as eligible non-cash collateral, marking a structural milestone in Beijing's decade-long push to internationalise its currency and integrate its debt into global financial pipelines.
The decision by LCH – a major derivatives clearing house owned by the London Stock Exchange Group – allows investors to use offshore yuan sovereign bonds, or dim sum bonds, to meet margin requirements.
The move......
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10.07.26 - 12:30
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UK Treasury must change disciplinary process after worker′s suicide, mother says (The Guardian)
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Chloe Moffat, 26, killed herself day after meeting about anonymous complaint in which she was not allowed to bring a colleagueThe mother of a young woman who took her own life after facing disciplinary proceedings at the Treasury has called on the government department to change its practices.Chloe Moffat, 26, had worked at the Treasury as a personal assistant for almost three years. She “loved her job” and had an “exemplary employment record”, the coroner at her inquest heard this week. Continue reading......
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08.07.26 - 17:36
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Treasury yet to do due diligence on finding extra money for UK′s Nato spend (The Guardian)
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How to hit the 3.5% of GDP defence spending promise would be a matter for 'the next prime minister', MPs told The Treasury has as yet carried out no analysis of the trade-offs necessary for the UK to hit the 3.5% of GDP defence spending promise made to Nato, chief secretary Lucy Rigby has said.Under robust questioning in a joint session of the Treasury and defence select committees on Wednesday, Rigby repeatedly said that how to fund additional defence spending would be a matter for “the next prime minister”. Continue reading......
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06.07.26 - 10:48
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Großbritannien: Beruhigung bei den zuvor äußerst volatilen Gilt-Renditen (Anleihencheck)
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Bonn (www.anleihencheck.de) - Aufgrund dessen, dass das BIP im März um 0,3% zum Vormonat zugelegt hatte, legte die britische Wirtschaftsleistung im Auftaktquartal recht kräftig um 0,6% zu Vorquartal zu, so Postbank Research.
Im April sei es jedoch 0,1% zum Vormonat gesunken.
Am Arbeitsmarkt habe der Lohndruck mit einem Anstieg um 4,4% zum Vorjahr im März und auch im April (Dreimonatsschnitt) nach 3,9% im Februar wieder zugenommen. [mehr]...
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28.06.26 - 13:30
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Ed Miliband as chancellor would benefit every part of the UK – and the bond markets | Josh Ryan-Collins (The Guardian)
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If Andy Burnham chooses the energy secretary, Labour could fully use the benefits of net zero to promote growth and jobsIt should have been a great week for Ed Miliband and his mission to decarbonise the UK economy. Western Europe has experienced one of its worst ever heatwaves, providing powerful evidence of the need to transition away from fossil-fuel-driven energy production to reduce the carbon emissions that are contributing to global warming.Instead, however, he has been attacked by an unholy alliance of trade unions and leading City figures, apparently determined to prevent him becoming chancellor in the cabinet of the presumptive new prime minister, Andy Burnham.Josh Ryan-Collins is professor of economics and finance at the UCL Institute for Innovation and Public Purpose Continue reading......
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