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UKEconomy
5 stories, newest first.
Business · LondonFTSE 100 climbs as UK economy shows resilience
The FTSE 100 index rose 1.1% on Thursday, driven by positive UK economic figures and a calmer bond market. Despite volatility in technology stocks, the UK economy demonstrated resilience with unexpected growth in August.
London3 min readTrust 60 · Craft 70 · Hype 20
Business · LondonSuper-rich worth £121bn loosen UK ties since 2024
An analysis of Bloomberg’s Billionaires Index reveals that UK-resident super-rich individuals with a combined net worth of £121 billion have either left the UK or reduced their ties since the Labour government took power in 2024. This trend has prompted debate about the UK's attractiveness to high-net-worth individuals.
London4 min readTrust 68 · Craft 71 · Hype 65
Business · LondonFTSE 100 falls 1.7% amid bond market worries
London's FTSE 100 index closed down 1.7% on Thursday, reflecting broader market anxieties driven by Middle East tensions and UK fiscal concerns. Bond yields remained elevated, impacting investor sentiment and leading to a slowdown in house price appreciation.
London4 min readTrust 74 · Craft 95 · Hype 25
Business · LondonLondon stocks fall amid oil and bond price volatility
London's stock market ended lower on Thursday, with the FTSE 100 index experiencing a slight decline. Investors remained cautious, weighing developments from the US-China summit while keeping a close watch on fluctuating oil prices and elevated bond yields.
London5 min readTrust 66 · Craft 87 · Hype 30
Council & Politics · LondonLondon Mayor to retain portion of income tax and business rates
The Mayor of London will keep a share of income tax and business rates collected within the capital. The Prime Minister confirmed the move as part of a wider devolution drive to transfer power from Westminster to regional leaders.
London3 min readTrust 62 · Craft 95 · Hype 35