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The problem with 'good debt': Why borrowers should think twice about the label
Source: CNBC
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US producer inflation soars amid gasoline surge; John Healey says UK banks are part of ‘jewel in the crown’ – business live
John Healey has spoken to UK journalists at the IMF annual meeting in Bangkok, and said banks are a part of the “jewel” in the UK’s economic crown John Healey vows to give ‘breathing space’ to consumers and businesses in first budget Today’s better-than-forecast UK growth report is good news for chancellor John Healey as he hobnobs with other finance ministers at the IMF meeting in Bangkok. But it may encourage the Bank of England to raise interest rates as soon as its next meeting in November…. “While August’s unexpected uptick all but confirms that the OBR will raise its growth forecast for this year from 1.1% to 1.4%, the Chancellor still faces a major Budget headache, as elevated borrowing costs eat into fiscal headroom and increase pressure for tax rises. “These unexpectedly upbeat figures will further embolden hawkish sentiment among policymakers by reinforcing the view that the ec