Hints and tips:
Related Special Reports
...H&M had backed Renewcell, another textile recycling start-up, but it went bankrupt last month. “It is not easy,” Daniel Ervér, H&M’s new chief executive, told the Financial Times....
...H&M spent last year prioritising profitability over sales growth by closing stores and raising prices....
...Marc FilippinoSam Fleming is the FT’s economics editor. Thanks, Sam. Sam FlemingThank you....
...“Publishing a rate path will help to anchor both the policy debate inside the bank and expectations outside the bank on what really matters — the appropriate path of interest rates,” said Richard Barwell...
...“I’m not sure what else they have left,” he said....
...I’m very much in the gradualist camp.” Even if headline inflation fell sharply in the coming months, he said, “I am trying to find out what the underlying, persistent measures are . . ....
...“I’m not going to put a date on when I expect the UK to start the process of loosening monetary policy, but it is clearly the case that will be the direction of travel,” she added....
...“That’s why I’m a Conservative.” Hunt warned moderate Tory MPs from the One Nation group to temper their expectations of big tax cuts at a private meeting on Monday....
...“I’m wondering how Labour MPs can square with their consciences voting in favour of a cut in national insurance [when] at the same time they are trying to scare everyone that it will mean cuts in funding...
...Marc Filippino Sam Fleming is the FT’s economics editor. Thanks, Sam. Sam Fleming Thank you....
...Richard Hughes, the head of the Office for Budget Responsibility, said the £13bn headroom against the Treasury’s key debt-reduction rule contained in the latest forecasts was heavily exposed to changing...
...There have also been tensions between the OBR and the Treasury, not least when Richard Hughes, chair of the watchdog, said in January that Hunt’s spending plans for after the election were beyond “fiction...
...“I’m certainly in two minds about the dot plot,” he said. One risk was that individual policymakers in the UK would be pressured to reveal their individual rate expectations, he warned....
...“I’m more concerned that we might be underplaying the downside risks.”...
...But he said market expectations that the BoE was going to cut rates during this year were not “unreasonable”, adding: “I’m comfortable with a profile that has cuts in it, but that is not to say when or how...
...H&M will close more stores than it opens this year, he added....
...“I’m chancellor because I want to change that,” he told the House of Lords economic affairs committee....
...Richard Hughes, OBR chair, said this week that the £13bn estimate in November was a “tiny” amount, given the huge uncertainty around such analysis and incoming borrowing data....
...Richard Hughes, chair of the Office for Budget Responsibility, said the £13bn budget headroom forecast in November was heavily exposed to changing assumptions on interest rates as well as data revisions....
...“I need to set people’s expectations about the scale of what I’m doing because people need to know that when a Conservative government cuts taxes we will do so in a responsible and sensible way.”...
...Richard Hughes, chair of the OBR — the government’s official fiscal watchdog — has said the £13bn Budget headroom forecast in Hunt’s Autumn Statement in November is heavily exposed to changing assumptions...
...“In the public sector, I’m telling you, it’s harder — but we are up for the challenge.”...
...Richard Hughes, the chair of the OBR, has criticised the lack of detail underpinning those spending assumptions....
...So I’m not terribly concerned about rescission, but I recognise that is an option....
...“I’m not saying it’s good but in America you have a lot of AI and no regulation, in Europe you have no AI and a lot of regulation. It’s interesting,” he added....
International Edition