Tom Rees
UK Economy Reporter at Bloomberg News
UK economy reporter at Bloomberg. Want to get in touch? [email protected]. Views my own.
Articles
-
1 week ago |
bloomberg.com | Philip Aldrick |Tom Rees
A waiter serves at a restaurant in central London.l(Bloomberg) -- UK Chancellor of the Exchequer Rachel Reeves’ decision to push up taxes for employers and increase the minimum wage is squeezing pay for middle earners, moving work overseas and inflating food prices. That’s the conclusion of the local network that feeds on-the-ground intelligence to the Bank of England, in a report that will make uncomfortable reading for the Labour government.
-
1 week ago |
bloomberg.com | Philip Aldrick |Tom Rees
(Bloomberg) -- The Bank of England held interest rates at 4.25% in a more divided vote than expected as policymakers weighed up the UK’s softening jobs market and weak growth against a backdrop of mounting geopolitical tensions.
-
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.
-
1 week ago |
financialpost.com | Tom Rees
UK inflation is expected to cool in figures due to be released Wednesday, but a lower number may to do little to ease uncertainty about price pressures in the British economy amid fresh questions about the official data. Article content(Bloomberg) — UK inflation is expected to cool in figures due to be released Wednesday, but a lower number may to do little to ease uncertainty about price pressures in the British economy amid fresh questions about the official data.
-
1 week ago |
bloomberg.com | Tom Rees
May’s inflation reading arrives a day before the BOE announces its interest-rate decision. (Bloomberg) -- UK inflation is expected to cool in figures due to be released Wednesday, but a lower number may to do little to ease uncertainty about price pressures in the British economy amid fresh questions about the official data. Economists see the rate of inflation slowing to 3.3% in May, according to the median forecast in a Bloomberg survey.
Try JournoFinder For Free
Search and contact over 1M+ journalist profiles, browse 100M+ articles, and unlock powerful PR tools.
Start Your 7-Day Free Trial →X (formerly Twitter)
- Followers
- 2K
- Tweets
- 84
- DMs Open
- No
This is our inside look at what went so wrong at the ONS. We spoke to over 20 insiders who peeled back the curtain, revealing deep-seated problems from accusations of bullying to chaos at the top of stats body. Lots of new stuff in there. Read below 👇
How the ONS lost track of the economy leaving Britain facing a data crisis Great read by @tomelleryrees and Isobel Finkel >> https://t.co/NFDTLOhpaG
ONS confirms our exclusive story that Ian Diamond has resigned as head of the national statistics body! It came after mounting pressures over the ONS's handling of a collapse in response rates to key household surveys. It had made its unemployment and employment figures uselss
Exclusive from us on a shake-up at the top of the ONS: - The ONS's deputy national statistician is leaving after string of high-profile problems with key economics data Read more below 👇 https://t.co/963szoTmoK via @economics
