US interest rates fall for the second time in four years Money news – Uptrends

US interest rates fall for the second time in four years Money news

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The US central bank cut interest rates for the second time in a row, as the independent agency’s future becomes uncertain under Donald Trump’s second presidency. The Federal Reserve Bank, commonly known as the Fed, cut interest rates to 4.5% from 4.75%. Unlike the UK, the US interest rate is a range to guide lenders … Read more

The Chancellor mentioned the political price of inflation by the Bank of England Money news – Uptrends

The Chancellor mentioned the political price of inflation by the Bank of England Money news

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Rachel Reeves probably doesn’t need any reminders of the political and economic power of inflation. Her party’s landslide electoral victory in the summer was largely attributed to the presidential election Cost of living calamity. Donald Trump wins this week He highlighted this point, as his sweeping gains across all demographics are due to inflationary effects … Read more

HS2 boss reveals £100m bill for ‘bat shed’ railway that ‘isn’t needed’ | Money news – Uptrends

HS2 boss reveals £100m bill for ‘bat shed’ railway that ‘isn’t needed’ | Money news

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HS2 is spending more than £100m on a “shed” to protect bats on part of the line, despite “no evidence of high-speed trains interfering with bats”, the head of the project company said. Sir John Thompson said the 1km (0.6 mile) curved structure at Sheephouse Wood in Buckinghamshire would create a barrier so the creatures … Read more

Rise in employers’ National Insurance contributions will cost Sainsbury’s £140m and cause inflation to rise – chief executive Simon Roberts says | Money news – Uptrends

Rise in employers’ National Insurance contributions will cost Sainsbury’s £140m and cause inflation to rise – chief executive Simon Roberts says | Money news

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The measures announced in the Budget will cost one of the UK’s largest supermarket chains £140 million, its chief executive said. Increase in employer National Insurance contributions, announced by the Chancellor Rachel Reeves In its budget last week, it will cost Sainsbury’s £140m as of April, said chief executive Simon Roberts. No price has been … Read more

Donald Trump promised to reduce inflation – and markets expect the opposite Money news – Uptrends

Donald Trump promised to reduce inflation – and markets expect the opposite Money news

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Donald Trump’s victory was secured on an unequivocal promise to exhausted American families that he would “end inflation,” but markets and economists expect his second term to do the opposite. A combination of corporate tax cuts, government borrowing, lower immigration, and swinging tariffs on foreign imports is expected to heat the US economy and raise … Read more

Reeves says UK will make ‘strong representations’ to Trump over tariff plans | Politics news – Uptrends

Reeves says UK will make ‘strong representations’ to Trump over tariff plans | Politics news

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Rachel Reeves said she was “confident” that trade flows with the US would continue under President-elect Donald Trump despite his proposed tariffs. The Chancellor was asked what effects the US election outcome would have on her growth plans when she faced questions from the House of Commons Treasury Committee. Live Politics: Starmer fights fire with … Read more

Manchester United fans demand the revival of the stock ownership system Money news – Uptrends

Manchester United fans demand the revival of the stock ownership system Money news

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An influential group of Manchester United fans have called on the club’s owners to revive plans for a fan engagement scheme, which remains on ice almost three-and-a-half years after it was initially promised. Sky News has learned that the Manchester United Supporters’ Trust (MUST) wrote to Joel Glazer, Sir Jim Ratcliffe and Omar Berrada, the … Read more

Crozier to check out Whitbread | Owner of Premier Inn | Money news – Uptrends

Crozier to check out Whitbread | Owner of Premier Inn | Money news

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Whitbread, owner of the FTSE 100 Premier Inn hotel chain, has begun the search for a successor to Adam Crozier, its chairman. Sky News has learned that headhunters working for Whitbread have begun searching for potential candidates for the position. Crozier, who has headed the company since 2018, is expected to step down sometime in … Read more

London Underground drivers suspend planned strikes UK News – Uptrends

London Underground drivers suspend planned strikes UK News

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Planned strikes by London Underground drivers have been suspended after they received an “improved offer” for a pay rise. Aslef members were due to walk out on Thursday and again next Tuesday – which would have severely impacted Tube services. Union of Railways, Maritime and Transport He has already called off strikes By its members … Read more

Post Office campaigner Sir Alan Bates tells PM the ‘clock is ticking’ on compensation for Horizon victims | Money news – Uptrends

Post Office campaigner Sir Alan Bates tells PM the ‘clock is ticking’ on compensation for Horizon victims | Money news

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Post Office campaigner Sir Alan Bates has written to Sir Keir Starmer to remind him that “the clock is still ticking” on the deadline for compensation for victims. In his letter to the Prime Minister, Sir Alan called for a March 2025 deadline for compensation to the sub-postmaster’s victims in the incident. Horizon scandal. Earlier … Read more