Tom Rees
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Articles by Tom Rees
Downbeat UK Forecasts Raise Chance of Upside Surprise for Healey
Photographer: Jose Sarmento Matos/Bloomberg (Bloomberg) -- Chancellor of the Exchequer John Healey had to tread carefully in his debut budget this week, given the state of Britain’s public finances.
UK Budget Does Little to Ease Pressure on BOE for Rate Hikes
Photographer: Jason Alden/Bloomberg (Bloomberg) -- Britain’s efforts to protect millions of its households from rising energy costs this winter will have barely any effect on the overall level of inflation, the country’s fiscal watchdog said.
UK Companies at Risk of 5.5% Minimum Wage Hike, Estimates Show
Office for National Statistics, Eurostat (Bloomberg) -- UK businesses could face an increase in the minimum wage of more than 5% next year unless Chancellor of the Exchequer John Healey decides to spare them another painful hike, according to...
UK Companies at Risk of 5.5% Minimum Wage Hike, Estimates Show Original
UK businesses could face an increase in the minimum wage of more than 5% next year unless Chancellor of the Exchequer decides to spare them another painful hike, according to estimates ahead of the budget on Wednesday. Recruiters said another inflation-busting rise in the National Living Wage for workers aged 21 and over could worsen Britain’s youth unemployment crisis, with firms having been hit by big increases in employment costs in the past two years.
BOE Officials Most Hawkish Since Inflation Was 10%, Model Shows Original
(Bloomberg) -- Bank of England officials are sending their most hawkish signals in over three years, laying the ground for an interest-rate hike as early as next month.
UK’s Two-Speed Economy Motors on for Now as Firms Defy the Gloom
Photographer: Chris Ratcliffe/Bloomberg (Bloomberg) -- A two-speed economy has emerged in Britain, where businesses are defying the gloom while consumers buckle under the strain of a deepening energy crisis.
Young Brits See Tech and Finance Jobs Plunge 22% in Three Years
Office for National Statistics, Eurostat (Bloomberg) -- Young Britons are being squeezed out of high-paying industries such as tech and finance, according to new research that lays bare the jobless crisis hitting Generation Z.
UK Taxman to Tackle Rogue Advice From Artificial Intelligence Original
The UK’s tax authorities are worried that artificial intelligence is giving people bad advice. is trying to stem a flood of misinformation from AI and social media, with a plan to deploy “digital ambassadors” to clearly flag correct advice in online forums such as Reddit so that browsers don’t get confused. It’s also taking steps to make official information more easily picked up by large language models.
UK Taxman to Tackle Rogue Advice From Artificial Intelligence Original
HMRC (Bloomberg) -- The UK’s tax authorities are worried that artificial intelligence is giving people bad advice.
英國通膨升至11個月高位 英國央行加息預期升溫
【彭博】-- 汽油和柴油價格飆升，推動英國通膨率升至11個月高位。漲幅之大超出預期，使英國央行有望實施三年多來首次加息。 英國國家統計局周三表示，截至9月的12個月，消費者價格上漲3.5%，高於前一個月的3.1%，也略高於經濟學家預期的3.4%。 英國國家統計局表示，機動車燃料成本是通膨上升的主要推手。在國際油價升破每桶100美元之際，柴油價格於9月下旬創下紀錄。作為國內價格壓力指標的服務業通膨率升至3.7%。 市場普遍預計，英國央行將在11月5日召開的下一次會議上提高借貸成本，這將是該行自2023年以來首次加息。 周三上午，英國基準國債殖利率基本持平於5.42%，英鎊匯率穩定在1.3375美元。 施羅德全球經濟主管David Rees表示：「英國正面臨輸入性通膨壓力的'完美風暴'。」強勁的經濟成長疊加核心通膨和服務業通膨上升，「意味著11月加息如今看來已是板上釘釘」。 原文標題UK Inflation Jumps to 11-Month High as BOE Considers Hike (2) --聯合報導 Alice Gledhill.
英国の9月インフレ率、11カ月ぶり高水準－燃料高で利上げ観測強まる
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
UK Inflation Jumps to 11-Month High as BOE Considers a Hike
Photographer: Chris J.
Bank of England Considers Stress Testing AI’s Effect on the Financial Sector
While the Bank of England is busy stress testing the U.K.’s private markets, another threat is looming in the minds of regulators. Turmoil caused by artificial intelligence is among the options being discussed for the BOE’s next system-wide exploratory scenario, according to a person familiar with the matter. The SWES, as a test is known, measures the resilience of the U.K.’s financial sector against hypothetical danger.
Population-level impact of doxycycline post-exposure prophylaxis on bacterial sexually transmitted infections
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Abstract Bacterial sexually transmitted infections (STIs) continue to increase in many high-income settings, disproportionately affecting gay and bisexual men (GBM). Doxycycline post-exposure prophylaxis (doxyPEP) is a highly efficacious strategy for preventing syphilis and chlamydia; however, its population-level impact following national implementation remains uncertain.
By Michael Traeger, Jason Asselin, Htein Linn Aung, Allison Carter Verified, Anna Wilkinson, Vincent J Cornelisse, Dash Heath-Paynter, Eric Chow, Jason Ong, Rick Varma, Daniel Vujcich, Caroline Thng, Jenny McCloskey, Tom Rees Verified, Brendan Quinn Verified, Bridget Haire, Margaret E Hellard, Rebecca Guy, Mark Stoové
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Nature
Verified
BOE’s Greene Says UK Labor Market Is Not as Weak as Thought
Photographer: Chris Ratcliffe/Bloomberg (Bloomberg) -- Bank of England rate-setter Megan Greene warned that an easing in UK wage pressures has stalled, suggesting that the labor market is stronger than officials had thought.
Bank of England Considers Stress Testing AI’s Effect on the Financial Sector
While the Bank of England is busy stress testing the UK’s private markets, another threat is looming in the minds of regulators. Turmoil caused by artificial intelligence is among the options being discussed for the BOE’s next system-wide exploratory scenario, according to a person familiar with the matter. The SWES, as a test is known, measures the resilience of the UK’s financial sector against hypothetical danger.
Bank of England Considers Stress Testing AI’s Effect on the Financial Sector
Photographer: Chris Ratcliffe/Bloomberg (Bloomberg) -- While the Bank of England is busy stress testing the UK’s private markets, another threat is looming in the minds of regulators.
UK Inflation Can Seal the Deal on the BOE’s November Rate Hike
But the inflation situation is predicted to get worse. Bailey warned that the longer the Middle East conflict drags on, the more difficult it's becoming to avoid a hike. The UK central bank is already forecasting that inflation will top 4% in early 2027, double its 2% target.
【焦点】英インフレ率、11月利上げ決定づける可能性－予算案に影響も
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
UK Inflation Can Seal the Deal on the BOE’s November Rate Hike
Bloomberg (Bloomberg) -- A pickup in UK inflation to a nine-month high in data this week is likely to set the stage for key decisions from the upcoming budget to a likely interest-rate increase.
UK Inflation Can Seal the Deal on the BOE’s November Rate Hike
(Bloomberg) -- A pickup in UK inflation to a nine-month high in data this week is likely to set the stage for key decisions from the upcoming budget to a likely interest-rate increase.
UK Inflation Can Seal the Deal on the BOE’s November Rate Hike
Elsewhere, Chinese growth data, Japanese inflation, global purchasing manager indexes and a rate decision from the embattled Indonesian central bank may be among the highlights. Click here for what happened last week and below is our wrap of what is coming up in the global economy. In the wake of fresh inflation figures that showed price pressures are accelerating, the US economic data calendar lightens up.
UK Inflation Can Seal the Deal on the BOE’s November Rate Hike
Skip to navigation Skip to main content Skip to right column (Bloomberg) -- A pickup in UK inflation to a nine-month high in data this week is likely to set the stage for key decisions from the upcoming budget to a likely interest-rate increase.
UK Growth Has a Lot to Do With Weaning Off Fossil Fuels (1) Original
Britain’s economic output is far less energy-intensive than it once was. In 1975, just over 200 tonnes (220 tons) of oil-equivalents were needed for every £1 million ($1.3 million) of gross domestic product, according to UK government data. By 2025, that had fallen to 58 tonnes. The trend helps explain why growth figures smashed expectations in the first 8 months of the year, and why policymakers are finding the economic impact of the Iran War to have been relatively contained so far.
Britain’s Growth Has a Lot to Do With the Transition Away From Fossil Fuels
UK Government, NESO (Bloomberg) -- Britain’s economic output is far less energy-intensive than it once was.
UK Economy Grew in August With Better-Than-Expected Performance
(Bloomberg) -- Britain's economy unexpectedly grew in August, as businesses and consumers continued to hold up in the face of rising energy prices and painfully high borrowing costs.
Bank of England Officials Divide Over Inflation Risk Facing UK
Photographer: Chris J.
UK Unexpectedly Grows in August After Manufacturing Surge
Photographer: Chris Ratcliffe/Bloomberg (Bloomberg) -- Britain’s economy unexpectedly grew in August, as businesses continued to hold up in the face of rising energy prices and painfully high borrowing costs.
英中銀ピル氏、来夏まで4回の利上げ見通しに慎重姿勢
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Wages May Deliver a £9 Billion Boost for Healey at UK Budget
Photographer: Jose Sarmento Matos/Bloomberg (Bloomberg) -- Even small tweaks in the economic forecasts being prepared for UK Chancellor of the Exchequer John Healey could be the difference between a painful or painless budget this month.
BOE Hawk Pill Skeptical of Market Pricing Four UK Rate Hikes
(Bloomberg) -- One of the Bank of England's most hawkish officials cast doubt on market pricing that suggests the UK central bank will hike interest rates four times by next summer.
BOE Hawk Pill Skeptical of Market Pricing Four UK Rate Hikes
Bloomberg (Bloomberg) -- One of the Bank of England’s most hawkish officials cast doubt on market pricing that suggests the UK central bank will hike interest rates four times by next summer.
BOE Hawk Pill Skeptical of Market Pricing Four UK Rate Hikes
(Bloomberg) -- One of the Bank of England's most hawkish officials cast doubt on market pricing that suggests the UK central bank will hike interest rates four times by next summer.
BOE’s Breeden in No Rush to Launch ‘Britcoin’ (Correct)
Bank of England Deputy Governor said there’s no rush to introduce a central bank digital currency for the general public because so many other developments in digital payments are underway.
Why Heavily Indebted Britain Is Getting Praise From the IMF
Office for Budget Responsibility (Bloomberg) -- With UK bond yields recently racking up fresh multi-decade highs, new Chancellor of the Exchequer John Healey can seize on a crumb of comfort ahead of a tricky first budget later this month.
Bank of England’s Breeden in No Rush to Launch ‘Britcoin’
Bank of England Deputy Governor said there’s no rush to introduce a central bank digital currency for the general public because so many other developments in digital payments are underway.
BOE’s Breeden in No Rush to Launch ‘Britcoin’
Bloomberg (Bloomberg) -- Bank of England Deputy Governor Sarah Breeden said there’s no rush to introduce a central bank digital currency for the general public because so many other developments in digital payments are underway.
Bank of England's Breeden in No Rush to Launch 'Britcoin'
Bank of England Deputy Governor Sarah Breeden said there's no rush to introduce a central bank digital currency for the general public because so many other developments in digital payments are underway.
Britain’s Mansion Tax Shows the Difficulty of Targeting Wealth
Critics of wealth taxes say they are fiendishly difficult to administer and politically perilous. Britain’s Labour government was hoping to avoid both pitfalls when it came up with a lighter alternative, but the so-called is still at risk of a messy start. Tax lawyers and councils in affluent areas warn that the launch of the levy in 2028 will be hit by a wave of appeals that overwhelms officials.
Britain’s Mansion Tax Shows the Difficulty of Targeting Wealth
Treasury (Bloomberg) -- Critics of wealth taxes say they are fiendishly difficult to administer and politically perilous.
UK to Launch US-Style Monthly Inflation Gauge Early Next Year
Bloomberg (Bloomberg) -- Britain plans to publish American-style monthly inflation figures for the first time, providing economists and investors a better grasp of recent movements in prices.
BOE’s Bailey Fears Governments Are Running Out of Firepower
Photographer: Chris Ratcliffe/Bloomberg (Bloomberg) -- Bank of England Governor Andrew Bailey warned governments may be left helpless in the event of another downturn as their firepower is sapped by weak growth and a series of severe shocks.
英中銀マン氏、早期利上げの必要性訴え－インフレの定着を懸念
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
BOE’s Mann Says Labor Market Isn’t Weak Enough to Tame Inflation Original
(Bloomberg) -- Bank of England rate-setter Catherine Mann said the labor market is "static" rather than loose as she warned inflationary pressures are becoming embedded.
UK Builders Delay Major Decisions as Outlook Dims, PMI Shows
S&P Global (Bloomberg) -- UK builders grew less optimistic about the outlook in September, putting off decisions on major projects even as the downturn in the sector showed signs of easing, a key survey showed.
UK Job Slump Longer Than During Financial Crisis, PMI Says Original
Bloomberg (Bloomberg) -- Britain’s jobs market is stuck in its longest downturn since the early 2000s, according to a closely-watched survey, surpassing the decline during the financial crisis.
Economists Warn of 5% UK Inflation If US Diesel Ban Goes Ahead
Bloomberg (Bloomberg) -- UK inflation could near 5% if President Donald Trump stopped US exports of diesel, economists warned after motorists saw prices hit £2 ($2.7) per liter for the first time ever.
UK Firms Predict Faster Price Rises After Energy Costs Surge
Bank of England Decision Maker Panel (Bloomberg) -- The resurgence in oil and gas prices drove up UK businesses’ inflation expectations last month with firms planning to pass on costs to consumers as well as taking a hit to profit margins.
Bonds of Bond Street: How the UK Wants to Securitize Tourism
Photographer: Jose Sarmento Matos/Bloomberg (Bloomberg) -- Tourists to London’s Oxford and Bond Streets are used to parting with their cash, but they could soon find themselves embroiled in a more complex financial transaction.
Bank of England Must Raise Rates to Maintain Credibility, Mann Says
Photographer: David Paul Morris/Bloomberg (Bloomberg) -- Bank of England interest rate-setter Catherine Mann said a hike is needed to manage inflationary risks as financial conditions are still not tight enough.
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