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Jan 6, 2024 |
latestfinance.news | Helena Mueller
Andy Haldane: ‘Very, very optimistic’ about UK’s futureBig companies ignore the challenges of leaving the EU and invest billionsBut Haldane warns that rising interest rates are taking a toll on the economy. Britain’s post-Brexit outlook is improving as businesses supporting Brexit are now “getting on board”, the former Bank of England chief economist has said.
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Jan 6, 2024 |
latestfinance.news | Erin Edwards
The credit health of U.S. consumers remained relatively strong at the end of last year, according to VantageScore, but there are signs that debt obligations are becoming harder to manage, amid inflationary pressures and higher borrowing costs. VantageScore found that many of its lower-tier credit consumers were financially stretched at the end of 2023, with millions relying on personal loans or seeking higher credit card limits from lenders to cover expenses and holiday spending. Were.
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Jan 6, 2024 |
latestfinance.news | Erin Edwards
Rishi Sunak has hinted that pre-election tax cuts will be relaxed due to “difficult decisions on controlling welfare”. The Prime Minister said on Saturday his “priority” was to “cut people’s taxes” after announcing a 2p cut to National Insurance which was announced in the Autumn Statement.
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Jan 6, 2024 |
latestfinance.news | Erin Edwards
“I believe this is a slippery slope into dangerous territory because it has the potential to derail the importance of financial independence for women.” She was Laura Henshaw, founder of an online fitness company, who wrote in Vogue a year ago about her reaction to the “stay at home girlfriend” (SAHG) trend. Haven’t heard of it? SAHGs are women without children who take care of the household and let their boyfriends support them instead of focusing on their careers.
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Jan 6, 2024 |
latestfinance.news | Helena Mueller
When will it be time to start lowering interest rates? This is the question on the lips of all City economists. It’s also a concern for millions of borrowers. Andy Haldane, former chief economist of the Bank of England and a hugely influential figure in the financial world, thinks it may be too soon. But he says it’s time for the Bank to stop threatening to increase them.
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