Good morning and welcome to Money Minute, where we preview the day's biggest financial stories.
On the corporate front in the UK this morning, Barclays bank delivers its annual results. Profits after all the usual “exceptional" costs are expected to come in ahead of last year, at just over £6 billion.
British Gas owner Centrica also reports its full-year figures. Investors will be paying attention to the damage done by the impact of the government’s energy price cap.
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Over in the US, we get the usual weekly initial jobless claims data. The US labour market has continued to be strong, and so far shows few signs of slowing down.
The latest report on US consumer price inflation is also due. Core consumer prices are expected to have risen at an annual rate of 2.2% in January. That would be a dip on December’s reading of 2.3%, and certainly tame enough to keep the US central bank – the Federal Reserve – from raising interest rates any time soon.
Government unveils leasehold reforms - how will it help homeowners?
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By Marc Shoffman Published
Rents are still rising but could reach their limit by 2025 – is buy-to-let still worth it?
News Research by Savills claims rental growth could hit 9.5% this year, but will start to slow. Is buy-to-let still worth investing in?
By Marc Shoffman Published
UK wages grow at a record pace
The latest UK wages data will add pressure on the BoE to push interest rates even higher.
By Nicole García Mérida Published
Trapped in a time of zombie government
It’s not just companies that are eking out an existence, says Max King. The state is in the twilight zone too.
By Max King Published
America is in deep denial over debt
The downgrade in America’s credit rating was much criticised by the US government, says Alex Rankine. But was it a long time coming?
By Alex Rankine Published
UK economy avoids stagnation with surprise growth
Gross domestic product increased by 0.2% in the second quarter and by 0.5% in June
By Pedro Gonçalves Published
Bank of England raises interest rates to 5.25%
The Bank has hiked rates from 5% to 5.25%, marking the 14th increase in a row. We explain what it means for savers and homeowners - and whether more rate rises are on the horizon
By Ruth Emery Published
UK wage growth hits a record high
Stubborn inflation fuels wage growth, hitting a 20-year record high. But unemployment jumps
By Vaishali Varu Published
UK inflation remains at 8.7% ‒ what it means for your money
Inflation was unmoved at 8.7% in the 12 months to May. What does this ‘sticky’ rate of inflation mean for your money?
By John Fitzsimons Published
VICE bankruptcy: how did it happen?
Was the VICE bankruptcy inevitable? We look into how the once multibillion-dollar came crashing down.
By Jane Lewis Published