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Tuesday November 21 2023

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Jack Barnett

economics correspondent

Jack Barnett is the economics correspondent for The Times, having joined in August 2023 from the London business newspaper City AM, where he was economics editor. He often appears on Times Radio and other stations.

Showing 1 - 20 of 162 results

$Jeremy Hunt is considering using a fraction of a revenue windfall to lower income tax, national insurance or inheritance tax tomorrow$

Lower borrowing bill gives Hunt a boost before autumn statement

The chancellor has been handed a further pre-autumn statement boost as official figures this morning showed that the government borrowed £16.9...

Tuesday November 21 2023, 7.35am, The Times

Andrew Bailey said “monetary policy is likely to need to be restrictive for quite some time yet”

Far too early for rate cuts, says Bailey

The governor of the Bank of England has insisted “it is far too early to be thinking about rate cuts” in the latest sign of divergence between...

Tuesday November 21 2023, 12.01am, The Times

Jeremy Hunt took questions at the CBI’s latest conference, at which he gave hints about his autumn statement

Jeremy Hunt: I can now focus on long-term UK growth

Jeremy Hunt has said that instead of taking a more cautious approach it is time to focus on the “long-term growth of the UK economy” in his...

Tuesday November 21 2023, 12.01am, The Times

Jeremy Hunt’s room for manoeuvre is constrained by low growth in the UK economy

Autumn statement: Jeremy Hunt needs to balance hope against reality

There’s a feeling in the City that Jeremy Hunt’s autumn statement speech on Wednesday will last only 30 minutes, a lot shorter than usual for...

Monday November 20 2023, 12.01am, The Times

Sir James Wates urged the government to invest in UK infrastructure

Tories should follow Labour’s lead on business, says former donor

A former Conservative Party donor and leading businessman has urged the government to follow the lead of the Labour Party on planning reform.

Monday November 20 2023, 12.01am, The Times

Halfords sells bicyles and accessories, as well as car parts and repair services, from sites throughout Britain

Halfords sees red after car repairs rival bids £1.4bn

A £1.4 billion bid for Halfords from Redde Northgate has been dismissed because it “undervalues” the bike and car parts retailer, according to...

Monday November 20 2023, 12.01am, The Times

The Bank of England is increasingly expected to cut interest rates next year

Borrowing costs tumble as sales fall

Government borrowing costs have fallen to their lowest level in six months as money markets bet that a sharp drop in retail sales will force the...

Saturday November 18 2023, 12.01am, The Times

Shoppers have been put off spending on clothes, groceries, household goods and fuel by price growth that has outpaced wages

Retail sales hit lowest since lockdown

Retail sales volumes unexpectedly contracted last month to the lowest since early 2021 when the country was in lockdown, indicating that the...

Friday November 17 2023, 8.15am, The Times

UK economic growth stalled in the latest quarter and City forecasters think that GDP will probably stagnate for the next 12 months

Goldman signals rate cut in February

The Bank of England could lower interest rates as soon as February, economists at Goldman Sachs have said, although a member of the monetary...

Friday November 17 2023, 12.01am, The Times

The Bank of England has raised the base rate from a low of 0.1 per cent to a 15-year high of 5.25 per cent to control inflation

Interest rates could start to fall as early as February, says Goldman Sachs

The Bank of England could lower interest rates as soon as February, economists at Goldman Sachs have said, as a member of the monetary policy...

Thursday November 16 2023, 11.00am, The Times

Wage growth has outstripped the inflation rate for the past three months

High wage growth adds to inflation concerns

Wages continued to grow at one of the fastest paces on record in the three months to September, underlining that inflation will take time to...

Wednesday November 15 2023, 12.00am, The Times

The Federal Reserve is seeking a so-called soft landing, with inflation falling sustainably to typical levels

Markets given boost by lower US inflation

Stock markets worldwide rallied yesterday after inflation in the United States in October was lower than forecast, fuelling bets that an era of...

Wednesday November 15 2023, 12.00am, The Times

Liz Truss and Kwasi Kwarteng went ahead with their mini-budget in September last year despite a warning from the Office for Budget Responsibility

OBR hits back at claims it downplays spending boost from tax cuts

The top official at the Office for Budget Responsibility has hit back at critics by insisting that the spending watchdog takes into account all...

Tuesday November 14 2023, 12.01am, The Times

Import values fell while exports jumped over the three months to September, the official figures revealed

Trade deficit narrows after £200m boost for exports

The UK’s trade deficit narrowed by more than anticipated over the three months to September, official figures showed on Friday.

The value of goods...

Saturday November 11 2023, 12.01am, The Times

The British economy is now 1.8 per cent larger than it was before the pandemic

UK set to avoid recession this year as GDP growth beats forecasts

Britain’s economy beat expectations to grow slightly in September, putting the UK on course to narrowly escape a recession this year.

Friday November 10 2023, 9.00pm, The Times

A steady fall in inflation is expected over the next two years, after the high point of a year ago

Sunak set to hit inflation target of 5%

Inflation is poised for a “seismic drop” to its lowest level in two years, figures are expected to show next week, which will result in Rishi...

Friday November 10 2023, 8.00pm, The Times

No recession? Don’t celebrate too soon

Finally, we can all stop speculating over whether the UK will slip into recession this year.

An unexpected expansion in the UK’s all-important...

Friday November 10 2023, 12.15pm, The Times

China has launched a round of support measures to lift consumer spending but they have yet to take effect

China falls back into deflation despite economic stimulus

China has slipped back into deflation, official figures showed, illustrating that demand remains weak in the world’s second-largest economy...

Friday November 10 2023, 12.01am, The Times

Huw Pill said the Bank may need to change tack on interest rates if the UK economy continues to flatline

Bank of England economist deepens division with governor over interest rates

The Bank of England would need to cut interest rates if the UK economy were to slow markedly, according to its chief economist.

Huw Pill, speaking...

Thursday November 09 2023, 7.30pm, The Times

Consumer spending over the next year is likely to be curbed by steeper interes rates, which are aimed at slowing inflation

Real pay has not grown for 17 years, economists claim

UK workers are on course to miss out on £17,000 from lost growth in real pay by the end of this year, economists are forecasting.

A sharp slowdown...

Thursday November 09 2023, 12.00am, The Times