Irina Anghel
Reporter at Bloomberg News
@business reporter in London writing about the UK economy and the future of work | made in Romania | [email protected] | views mine
Articles
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1 week ago |
bloomberg.com | Irina Anghel
(Bloomberg) -- UK home prices fell in April by most since 2021, government data show, as a tax increase drove some buyers out of the market. The average price nationwide was £265,000 ($356,150), down 2.8% from March, according to figures published by the UK Office for National Statistics. It was the first decline since December 2023 and the largest since the pandemic.
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1 week ago |
bloomberg.com | Tom Rees |Philip Aldrick |Irina Anghel
(Bloomberg) -- UK inflation remained at its highest in over a year, keeping price pressures uncomfortably strong as the Bank of England weighs how much energy market turmoil will affect its path to cutting interest rates. Consumer prices rose 3.4% in May from a year earlier, slightly above the 3.3% increase expected by economists, Office for National Statistics figures published Wednesday show. Upward pressures on inflation came from food prices, which rose at their fastest pace since early 2024.
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1 week ago |
bloomberg.com | Irina Anghel
(Bloomberg) -- The number of people looking for a room to rent in London has continued to slide, data from a property search website show, in a sign that high rents are pushing even that modest goal out of reach for many residents. The cost of renting a room in the capital has held above £1,000 ($1,350) a month since 2022, when property seekers idled by Covid 19 flooded back into the market as the economy reopened.
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1 week ago |
bloomberg.com | Irina Anghel |William Horobin
The European Central Bank needs to assess fluctuations in oil prices and the euro as it sets borrowing costs, according to Governing Council member Francois Villeroy de Galhau. While the ECB doesn’t target a particular exchange rate, the common currency has demonstrated surprising strength against the dollar since President Donald Trump began his tariff push. Energy prices, meanwhile, jumped after Israel launched attacks on Iran.
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1 week ago |
bloomberg.com | Irina Anghel
(Bloomberg) -- London home sellers slashed almost £7,000 ($9,481.5) off their asking prices in June to attract buyers facing higher taxes and greater choice, according to real estate agents. The average price sought fell 0.9% to £695,414, according to a report by property website Rightmove published Monday. Sellers in the UK capital and other pricey regions are offering discounts to offset the impact of April’s increase in transaction costs.
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Great to talk to Julia and Stefan about why everyone in Trump’s entourage is trying to rebrand themselves as “a worker” — and what the US election means for the world of work. Give it a listen ⬇️@nowhereoffice
WEEKLY WORK @nowhereoffice on - of course - Trump, Tariffs, jobs, @elonmuskand China with brilliant @business economics and work writer @irinaanghel12 https://t.co/GN1BRIULSm
UK plans to protect employees against unfair dismissal from their first day in a new job threaten to reduce the number of candidates hired from underrepresented backgrounds, employment experts say https://t.co/gAR2KGiloJ @bbgequality @BloombergUK
RT @EconObservatory: And we’re off with day three… @irinaanghel12 & Will Hutton on Will’s latest book This Time No Mistakes! #economicsfest…