Philip Aldrick

London

Senior Editor at Bloomberg News

Senior economics reporter, Bloomberg @economics @bloomberguk

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Articles

UK Inflation Dip Offers Households Relief Before Bills Rise

1 week ago | bloomberg.com | Tom Rees |Irina Anghel |Philip Aldrick

(Bloomberg) -- UK inflation slipped back for a second straight month, providing some relief for households before they were hit by a huge increase in bills in April. Consumer prices rose 2.6% in the 12 months to March, an easing from the 2.8% increase in February, the Office for National Statistics said Wednesday. It was the weakest inflation since December and below the 2.7% predicted by economists and the Bank of England.
More Americans are eyeing jobs in UK amid Trump funding cuts

1 week ago | benefitnews.com | Irina Anghel |Philip Aldrick

Americans are increasingly looking for jobs in Britain amid President Donald Trump's funding cuts and a darkening economic outlook. Almost one in 10 foreign clicks on U.K. postings came from the U.S. in the three months to March, the largest share since the second quarter of 2023, according to data from job-search website Indeed. U.S. interest in British jobs was up 2.4 percentage points year-on-year, the sharpest increase of any country.
Americanos buscam refúgio profissional no Reino Unido após cortes de Trump

1 week ago | bloomberglinea.com.br | Irina Anghel |Philip Aldrick

Bloomberg — Os americanos estão cada vez mais procurando empregos na Grã-Bretanha em meio aos cortes de verbas do presidente Donald Trump e uma perspectiva econômica cada vez mais sombria. Quase um em cada 10 cliques estrangeiros em anúncios no Reino Unido veio dos EUA nos três meses até março, a maior parcela desde o segundo trimestre de 2023, de acordo com dados do site de busca de empregos Indeed.
More Americans Are Eyeing Jobs in UK Amid Trump Funding Cuts

1 week ago | bloomberg.com | Irina Anghel |Philip Aldrick

In the UK, preparations are already under way to welcome more American expatriates. (Bloomberg) -- Americans are increasingly looking for jobs in Britain amid President Donald Trump’s funding cuts and a darkening economic outlook. Almost one in 10 foreign clicks on UK postings came from the US in the three months to March, the largest share since the second quarter of 2023, according to data from job-search website Indeed.
UK Employment Fell Most Since Pandemic Ahead of Tax Hike (1)

1 week ago | news.bloombergtax.com | Tom Rees |Philip Aldrick |Irina Anghel

UK businesses shed workers at the fastest pace since the start of the pandemic shortly before they were hit by a £26 billion ($34.3 billion) rise in payroll taxes and US tariffs. Tax data showed the number of workers on payrolls dropped 78,467 in March before measures from Labour’s first budget took effect in April, the Office for National Statistics said Tuesday. Vacancies in the first quarter slipped below pre-pandemic levels for the first time since 2021.
UK Employment Fell Most Since Pandemic Ahead of April Tax Hike

1 week ago | financialpost.com | Tom Rees |Philip Aldrick |Irina Anghel

Advertisement oopSkip to ContentAdvertisement 1UK businesses shed workers at the fastest pace since the start of the pandemic shortly before they were hit by a £26 billion ($34.3 billion) rise in payroll taxes and US tariffs. Article content(Bloomberg) — UK businesses shed workers at the fastest pace since the start of the pandemic shortly before they were hit by a £26 billion ($34.3 billion) rise in payroll taxes and US tariffs.
UK Wage Growth Quickens, Employment Falls in Dilemma for BOE

1 week ago | bloomberg.com | Tom Rees |Philip Aldrick |Irina Anghel

UK businesses shed workers at the fastest pace since the start of the pandemic shortly before they were hit by a £26 billion ($34.3 billion) rise in payroll taxes and US tariffs. Tax data showed the number of workers on payrolls dropped 78,467 in March before measures from Labour’s first budget took effect in April, the Office for National Statistics said Tuesday. Vacancies in the three months to March slipped below pre-pandemic levels for the first time since 2021.
UK Wage Growth Quickens, Employment Falls in Dilemma for BOE

1 week ago | news.bloomberglaw.com | Tom Rees |Philip Aldrick |Irina Anghel

UK wage growth accelerated in the three months through February but employers shed jobs, complicating the decision over how fast the Bank of England can cut interest rates to combat the fallout from US tariffs. Pay excluding bonuses rose 5.9% in the three months, up from 5.8% in the period through January, the Office for National Statistics said Tuesday. Private-sector wage growth, the gauge closely watched by the BOE for signs of underlying inflation pressure, held at 5.9%.
Reeves Rejects Using Fiscal Rules Escape Clause Over Tariff War

2 weeks ago | bloomberg.com | Philip Aldrick

Rachel Reeves(Bloomberg) -- UK Chancellor of the Exchequer Rachel Reeves said she doesn’t plan to use a get-out clause to override her fiscal rules, even as US President Donald Trump’s tariff war roiled global markets, forcing down the pound and UK gilts.
BOE Warns Deviant AI on Trading Floors Risks Triggering a Crash

2 weeks ago | bloomberg.com | Meg Short |Philip Aldrick

AI branding. (Bloomberg) -- The Bank of England plans to closely monitor the use of artificial intelligence by banks and hedge funds over concerns that the technology could trigger a market crash or manipulation without humans even knowing about it. The central bank’s Financial Policy Committee warned that the technology could destabilize markets or act in other adverse ways in a new report on AI published Wednesday.