Tom Rees
UK Economy Reporter at Bloomberg News
UK economy reporter at Bloomberg. Want to get in touch? [email protected]. Views my own.
Articles
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1 day ago |
news.bloombergtax.com | Andrew Atkinson |Tom Rees
British businesses cut jobs for a third straight month in April as a £26 billion ($34 billion) tax hike took effect and Donald Trump’s tariffs darkened the global economic outlook. The number of workers on payrolls dropped 32,532 to 30.3 million, according to tax data published by the Office for National Statistics on Tuesday. Job vacancies fell the most in over a year in a sign of weakening demand for workers.
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1 day ago |
bloomberg.com | Andrew Atkinson |Tom Rees
Commuters in London. (Bloomberg) -- British businesses cut jobs for a third straight month in April as a £26 billion ($34 billion) tax hike took effect and Donald Trump’s tariffs darkened the global economic outlook. The number of workers on payrolls dropped 32,532 to 30.3 million, according to tax data published by the Office for National Statistics on Tuesday. Job vacancies fell the most in over a year in a sign of weakening demand for workers.
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2 days ago |
bloomberg.com | Tom Rees |Philip Aldrick |Irina Anghel
A container ship at the Port of Felixstowe Ltd. in Felixstowe, UK. (Bloomberg) -- Bank of England policymaker Alan Taylor said interest rates are still a “long way” from moving out of restrictive levels, warning of the “perilous” threat from Donald Trump’s trade war. Taylor said Monday he is “a bit activist” and that he is “putting quite a lot of weight” on recent news after backing a bumper half-point rate cut last week.
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2 days ago |
financialpost.com | Philip Aldrick |Tom Rees |Irina Anghel
Advertisement 1Bank of England Deputy Governor Clare Lombardelli said growth in UK wages and services prices is still too high to be consistent with bringing inflation back to the 2% target but she voted to cut interest rates last week to provide “insurance” against the risk of an economic slowdown caused by global trade wars.
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2 days ago |
bloomberg.com | Philip Aldrick |Tom Rees |Irina Anghel
Clare Lombardelli(Bloomberg) -- Bank of England Deputy Governor Clare Lombardelli said growth in UK wages and services prices is still too high to be consistent with bringing inflation back to the 2% target but she voted to cut interest rates last week to provide “insurance” against the risk of an economic slowdown caused by global trade wars.
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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
Great report card from Labour's first months in power from @PhilAldrick One of Starmer's pledges even gets a 1/10 score 😬 https://t.co/rL60BZk1d8 via @bpolitics
