(Alliance News) - UK Chancellor Jeremy Hunt has backed interest rate hikes being used to calm soaring inflation even if they increase the risk of pushing the UK into recession.
Hunt insisted in an interview aired on Friday that the "only path to sustain. | 03:54am
Stocks in London are expected to kick off the final trading day of a fraught week with a minor gain, though US debt ceiling uncertainty continues to temper sentiment.
President Joe Biden declared. | May 26, 2023
As inflation bites, the UK is bracing for further interest rate hikes and the risk of a recession. Germany is already there. UK Chancellor Jeremy Hunt has…
(Alliance News) - Stock prices in London were largely lower at midday on Friday, though the FTSE 100 outperformed, as investors looked to the prospect of further interest rate hikes in the UK, while also tracking developments in the US debt ceiling impas. | 07:12am
Stock prices in London were lower at midday on Wednesday, as the deadline to come to a US debt ceiling agreement creeps closer, leaving investors fearing for the worst.
The tetchy mood in markets. | May 24, 2023