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Mark Carney, Canada’s soon-to-be prime minister, weathered two era-defining implosions in his career as a central banker: the 2008 global financial crisis and Brexit. He has dealt with political chaos, societal upheaval and economic meltdown. Now he faces what is arguably the challenge of a lifetime: Donald J. Trump. Can Mr. Carney negotiate with Mr….
PENSION annuity rates have hit a 15-year high and experts suggest now is a good time to buy one. Annuities are a product you can buy with your pension pot that gives you a set income when you retire. 1 Annuities give retirees a guaranteed income for the rest of their lifeCredit: Alamy Exactly how…
RACHEL Reeves should work closer with business to fund infrastructure projects rather than stretch public finances, a pensions firm boss has said. Andy Briggs, boss of FTSE 100 Phoenix Group, said there were tens of billions of pounds of private money ready to invest in the housebuilding drive and green energy push. 6 Andy Briggs,…
CHANCELLOR Rachel Reeves will set out her goals for growth today — backing the construction of Britain’s biggest football ground. The Sun can reveal Manchester United’s plans for a 100,000-seater mega-stadium will “generate growth” to the tune of £7billion every year. 2 Rachel Reeves has backed the construction of Britain’s biggest football groundCredit: Story Picture…
Mark Carney, one of the world’s most prominent central bankers and an evangelist of green investment, announced on Thursday that he was running to be leader of Canada’s Liberal Party and the country’s next prime minister. If he wins, he would lead the party into national elections this year. “I’m here to ask for your…
THE UK’s rate of inflation has slowed – but millions will still be hit with hefty bill price hikes later this year. The Office for National Statistics (ONS) said the Consumer Price Index (CPI) measured 2.5% in the 12 months to December. 1 Inflation slowed in the 12 months to December, the ONS saidCredit: Getty…
Britain’s economy was stagnant in the third quarter, according to revised official data released Monday, dealing a fresh blow to the Labour government. ET Year-end Special Reads Gross domestic product showed zero growth in the July-September period, revised down from an initial estimate of 0.1 percent growth, the Office for National Statistics (ONS) said in…
THE BANK of England has opted to hold interest rates at their current level to the disappointment of homeowners. During today’s meeting of the Monetary Policy Committee (MPC), the BoE’s rate-setters kept the base rate at 4.75%. 1 The Bank of England has opted to hold interest rates at 4.75%Credit: Alamy Most economists had predicted the central bank to keep interest…
