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Lizzy Burden Profile
Lizzy Burden

@lizzzburden

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UK correspondent @BloombergTV . Host 9-10am @BloombergRadio & daily Bloomberg UK Politics Podcast. Non-executive director @CreativeAccess . Ex Telegraph & Times.

London, UK
Joined November 2016
Don't wanna be here? Send us removal request.
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@lizzzburden
Lizzy Burden
11 months
Feels like the opportune moment to bring you a tasting menu of recent Bloomberg UK Politics Podcast episodes – what Leader of the House of Commons @PennyMordaunt says "people who own the country" are listening to (we'll take that!!) A thread... 👀
@JAHeale
James Heale
11 months
Penny Mordaunt on Britain’s favourite political podcasts tonight:
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@lizzzburden
Lizzy Burden
2 years
The new chancellor:
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@lizzzburden
Lizzy Burden
2 years
“Without Brexit, we wouldn’t be talking about austerity this week,” Michael Saunders tells me in his first on-air interview since leaving the Bank of England’s monetary policy committee. Says it’s not just the City of London but the whole UK economy that’s been damaged by Brexit
@BloombergTV
Bloomberg TV
2 years
The UK economy has been ‘permanently damaged by Brexit’, says former BOE policymaker Michael Saunders in an exclusive interview with @lizzzburden
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@lizzzburden
Lizzy Burden
2 years
Just had a worrying conversation with UK Trade Secretary Kemi Badenoch. I asked whether, given the @OBR_UK 's forecast on the impact of Brexit, to grow the economy the government needs to negotiate closer ties with the EU. She said the OBR’s forecasts were never “quite right”.
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@lizzzburden
Lizzy Burden
2 years
It's worrying because the lack of an OBR forecast alongside the September mini-budget, and criticism of the fiscal watchdog by then ministers like Jacob Rees-Mogg, were a huge factor in the market turmoil around Trussonomics. And we have another budget coming on November 17...
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@lizzzburden
Lizzy Burden
2 years
At the time, former BOE governor Mark Carney said ministers were undermining the credibility of UK economic institutions – the OBR, the Bank of England and the Treasury. Now, Rishi Sunak and Jeremy Hunt are relying on an OBR forecast to give markets faith in their fiscal plans.
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@lizzzburden
Lizzy Burden
1 year
Bailey clearly uncomfortable talking about Brexit but Swati Dhingra pulls no punches. “It’s undeniable now that we’re seeing a bigger slowdown in trade in the UK than in the rest of the world. That’s showing up despite the statistics being much worse than they used to be.”
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@lizzzburden
Lizzy Burden
2 years
Is Kemi Badenoch telling us the OBR's sums can't be trusted? "The OBR has a view, we have a view," she says. Listen to that full @BloombergRadio interview here, produced by @James_Woolcock , with a write-up via @EllenAMilligan (we also talk trade 🇺🇸🇮🇳):
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@lizzzburden
Lizzy Burden
4 years
Leaked @michaelgove letter warns 70% of EU-bound trucks might not be ready for new post-Brexit border controls by January, meaning 7,000 lorries could face 2-day delays in Kent - worse if winter Covid spike means border staff off sick @Telegraph story 👇
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@lizzzburden
Lizzy Burden
1 year
Treasury Select Committee's @rushanaraali asks Bank of England governor Andrew Bailey whether he agrees with Michael Saunders that without Brexit, there probably wouldn’t be an austerity budget. Have we self-harmed? "Yes, there is an effect. We've not been surprised by that."
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@lizzzburden
Lizzy Burden
4 years
Without a Brexit trade deal, three-quarters of hauliers will automatically lose the right to take goods to and from the Continent, the freight industry warns @Telegraph story 👇🏽 (Register to read for free) Thanks to @LogisticsUKNews
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@lizzzburden
Lizzy Burden
2 years
UK Trade Secretary Kemi Badenoch's comments on the OBR not going down well this morning. Here's RBC Capital Markets ( @rbccm ) David Parkinson's morning note, titled 'Badenoch face-palm':
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@lizzzburden
Lizzy Burden
3 years
A month into Brexit, firms are being slowly ground down. Just teething problems?🤔 "Bureaucracy is the new reality and there’s more to come," says @SamuelMarcLowe Hidden under Covid, the effects seeped into all parts of the economy... @business 👇
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@lizzzburden
Lizzy Burden
2 years
Here's a snippet of that interview with Kemi Badenoch:
@BloombergUK
Bloomberg UK
2 years
Trade Secretary Kemi Badenoch questions the accuracy of economic forecasts produced by the OBR, the UK’s independent fiscal watchdog 🎧 Listen to her full interview with @lizzzburden :
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@lizzzburden
Lizzy Burden
8 months
Photobombed outside the Bank of England by @tomkeene @FerroTV Hike or hold? We got you covered 12pm @BloombergTV
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@lizzzburden
Lizzy Burden
2 years
Michael Saunders’ advice to Jeremy Hunt on Thursday? Focus on measures that avoid hurting the economy more & boost productivity — education and training, better trade ties with the EU and fixing the rise in long-term sickness that has prompted many to drop out of the workforce.
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@lizzzburden
Lizzy Burden
1 year
HSBC has bought the UK arm of Silicon Valley Bank for £1. I spoke to City minister Andrew Griffith via about how the deal went down. A thread...
@BloombergUK
Bloomberg UK
1 year
JUST IN: HSBC acquires the UK arm of Silicon Valley Bank for £1 @lizzzburden has the details
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@lizzzburden
Lizzy Burden
3 years
🚨Delighted to share that I’m moving to Bloomberg on Dec 14. Same beat: @economics , mainly trade. Can’t wait to get started but will miss my wonderful colleagues @Telegraph and @CoronaNomicsTV . Covering Brexit and Covid for such a great paper this past year has been a privilege.
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@lizzzburden
Lizzy Burden
3 years
This is a story we'll be writing for a long, long time. These are small firms but they're what British business is made of. If your company is affected by post-Brexit red tape in a way we haven't mentioned, please get in touch: eburden6 @bloomberg .net 📩
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@lizzzburden
Lizzy Burden
4 years
There's no paywall on @Telegraph this weekend. Knock yourself out
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@lizzzburden
Lizzy Burden
3 years
Next, British exporters must register to pay VAT in EU nations. It's prompting a number of companies to halt their cross-border trade, @bdoaccountant says. For eco-friendly nappy and wet wipe seller @mama_bamboo , "We have to ask is it worth all the time and effort.”
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@lizzzburden
Lizzy Burden
2 years
Crucially, fixing the hole in the labour market (masked by the good news of low unemployment) would kill two birds with one stone: grow the economy and cut inflation. Write-up via @tetley_liza :
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@lizzzburden
Lizzy Burden
3 years
Next up: CE mark Products sold in the EU need one to show they meet standards, but the UK will develop its own, so firms selling in both need to register twice Subscription service @TheCuriosityBox , which teaches kids about science, says it's "a ridiculous level of duplication"
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@lizzzburden
Lizzy Burden
2 years
After five wonderful years in print, thrilled to share I’m moving to @BloombergTV as Europe, Middle East & Africa Economics & Government Correspondent 📺🌍 Got tips/analysis? Drop me a note on eburden6 @bloomberg .net
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@lizzzburden
Lizzy Burden
3 years
Another case: @PotatoHouseUK sells seed potatoes but new rules mean the EU effectively isn't accepting them 🥔 “We’ll need phytosanitary certificates & the paperwork’s going to have to accompany every order," says @andrewskea , who worries for the SME he built over 20 years
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@lizzzburden
Lizzy Burden
3 years
To simplify the new forms, some shippers are refusing to carry loads with a mix of products from different companies, which disproportionately hurts firms shipping in smaller quantities @scotfooddrink wants a grace period on enforcement until July
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@lizzzburden
Lizzy Burden
2 years
Economics has a 'dirty secret' that's driving women away: it's a 'testosterone-fuelled bear pit', one of the UK's most influential economic policymakers says. 🧵, and full story with @PhilAldrick :
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@lizzzburden
Lizzy Burden
3 years
A quarter of the world's female population turns menopausal in 2030 and the productivity losses of not supporting them adequately cost the global economy billions of dollars a year A thread... Via @economics 👉
@BloombergTV
Bloomberg TV
3 years
Millions of women exit the workforce for a little-talked about reason:
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@lizzzburden
Lizzy Burden
5 years
The principal of Edinburgh University has been accused of suppressing women’s rights after he backed trans activists in a row over “transphobic” stickers around campus... including some which read: “Female is a biological reality” @thetimesscot
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@lizzzburden
Lizzy Burden
3 years
And finally, there are port delays & costs... “Things keep getting stuck,” says Welsh PPE and sensor maker @RotothermGroup . “I’m now having to buy up what stock there is in the UK at 3x the price”
@lizzzburden
Lizzy Burden
3 years
🚛🚢 The rise in post-Brexit cross-Channel freight rates is expected to stick - was up 39% on Q3 last week @RHADuncanB says it'll "never fall completely because there’s a permanent added cost of the significant extra bureaucracy" @business story 👇
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@lizzzburden
Lizzy Burden
3 years
For all the chaos, there were some really uplifting scenes at Dover today. Remember @Khalsa_Aid , who were handing out curries for the stranded drivers yesterday? Today they were back with 1,000 @dominos pizzas 🍕 Maybe it is Christmas after all... 🎄 @Quicktake 👇🏽
@bbgoriginals
Bloomberg Originals
3 years
"It feels like a dress rehearsal for Brexit." Trade and travel links between the U.K. and continental Europe slowly reopened after France eased border restrictions, but backlogs led to tensions at the Port of Dover. @lizzzburden was there
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@lizzzburden
Lizzy Burden
3 years
Breaking free of Brussels bureaucracy was meant to herald a bonfire of red tape for Britain. In the first 100 days of @Brexit , the only thing many businesses burned was money... Via @economics with @DeirdreHipwell 👇
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@lizzzburden
Lizzy Burden
4 years
Trade bodies have threatened legal action against the Government's new Brexit customs system - the Trader Support Service (TSS) - claiming it will unfairly distort competition @Telegraph story (register to read free) 👇
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@lizzzburden
Lizzy Burden
2 years
Brexit explains 80% of why UK inflation will stay higher for longer, says ex-Bank of England policymaker @AdamPosen , who'd back a half-point rate rise next week. Via @economics following our interview at the @UKandEU conference this morning:
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@lizzzburden
Lizzy Burden
3 years
Reporting from Dover today. Grim. Grimmer if you’re a haulier, desperate to spend Christmas with your family after 48hrs in a queue without proper toilets 🚛🚛🚛 @business story 👇🏽 More to come
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@lizzzburden
Lizzy Burden
3 years
"The govt’s in a weird denial phase. If you’re trading with the EU, the paperwork's difficult, you probably can’t find a customs agent & your haulage arrangements are probably delayed. There’s something bad happening at the borders." -- Road Haulage Association @RHARodMcKenzie 🚚
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@lizzzburden
Lizzy Burden
2 years
The Bank of England starts quantitative tightening today - the 1st major central bank to sell govt bonds actively. It shows the BOE is confident in markets and wants to retool for the next crisis. So the UK is a guinea pig for how markets react to the end of easy money...
@BloombergTV
Bloomberg TV
2 years
It's a big moment for the Bank of England, as it starts to sell off assets accumulated during a 13-year-old stimulus programme @Lizzzburden explains:
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@lizzzburden
Lizzy Burden
1 year
UK inflation STILL in double digits - surprising economists AGAIN Means a quarter-point hike pretty much nailed on for the Bank of England in May Momentum higher in UK than eurozone/US Chancellor says it shows why fighting inflation is no.1 priority
@BloombergTV
Bloomberg TV
1 year
"It's not the news that the Bank of England or the prime minister would have wanted" As new figures show UK inflation lingering in double digits, @lizzzburden  explains what it means for the government — and interest rates
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@lizzzburden
Lizzy Burden
3 years
🇬🇧🇬🇭 Failure to reach a post-Brexit trade deal with Ghana meant a shipment including @Fairtrade bananas faced £17.5k in tariffs at Portsmouth last night 🍌 @GarethThomasMP : “It beggars belief that they left sorting out a deal with a key Commonwealth ally so late” @economics 👇
@BloombergAfrica
Bloomberg Africa
3 years
Supply Lines: Ghana’s costly wait for its post-Brexit trade deal with U.K.
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@lizzzburden
Lizzy Burden
11 months
🍻 BrewDog CEO @BrewDogJames says Brexit's been 'tragic' for UK business & it costs ~40% more to make a case of beer than 18mo ago Still, London's his preferred destination for an IPO & selling to a big brewer isn't 'part of the plans' Via @BloombergTV :
@BloombergUK
Bloomberg UK
11 months
Brexit "has been tragic for UK business," Brewdog CEO James Watt says "It's massively handicapped UK companies that do business in Europe with zero benefit," he tells @lizzzburden
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@lizzzburden
Lizzy Burden
2 years
After 30 September your old bank notes are no longer legal tender. I asked @bankofengland chief cashier Sarah John what to do with them. Via @Quicktake 👇🏽
@bbgoriginals
Bloomberg Originals
2 years
💷 Got an old £20 or £50 paper banknote in your wallet? You won’t be able to use it from the end of September. Here’s what you can do with your old notes
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@lizzzburden
Lizzy Burden
7 months
‘Twas a sweet honour to judge the Royal Economic Society’s Young Economist of the Year award…16 years after winning it! Sweeter that a pair of kick-ass northern lasses took the prize Watch out for Yiya Zhang & Sami Shahadat’s essay in the @FT & thanks to @DiscoverEcon & @KPMG
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@lizzzburden
Lizzy Burden
1 year
If Rishi Sunak can get a Brexit deal over the line, it would unleash TENS OF BILLIONS of pounds of business investment for the UK, boost growth and hand the government more funds for public services/tax cuts Story with @philaldrick :
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@lizzzburden
Lizzy Burden
2 years
🇬🇧🇪🇺 In this week's Beyond Brexit news: The UK’s official fiscal watchdog says leaving the EU held back trade and the recovery from Covid-19, and Boris Johnson compares Ukraine’s fight for freedom to Brexit. Read & subscribe to the newsletter 👇
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Lizzy Burden
1 year
@guardian
The Guardian
2 years
Brexit a major cause of UK’s return to austerity, says senior economist
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@lizzzburden
Lizzy Burden
5 years
The Scot justice sec @HumzaYousaf has confirmed that @policescotland record suspects' gender as they self-ID leading to warnings that rape stats will be skewed, women will be at risk in refuges and self-ID is being introduced "thru the back door"
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@lizzzburden
Lizzy Burden
2 years
If you know me, you know nothing makes me happier than the Golden Arches. So here's an explanation of UK inflation and the latest Bank of England decision through the tale of...a cheeseburger🍔😅
@bbgoriginals
Bloomberg Originals
2 years
🍔 Your McDonald’s cheeseburger just got a little bit more expensive. @lizzzburden explains how inflation is driving up prices
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@lizzzburden
Lizzy Burden
8 months
Kicking off Conservative Party Conference with a conversation with Chancellor Jeremy Hunt via @BloombergTV All your latest from Manchester here:
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Lizzy Burden
1 year
Amazon workers are on strike in the UK for the first time today, demanding a 50% raise to £15 an hour. From the picket line in Coventry:
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@lizzzburden
Lizzy Burden
1 year
More in @AllegraStratton ’s Readout newsletter Read here:
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Lizzy Burden
3 years
“We are truck drivers. We don’t come into contact with anybody. I want to go home. I don’t know where I will have Christmas.” 🚛🚛🚛 My latest from Dover for @business 👇🏽
@BloombergUK
Bloomberg UK
3 years
Tempers flare outside the U.K. port of Dover with truckers stuck, unable to reach mainland Europe with the holidays just ahead
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@lizzzburden
Lizzy Burden
11 months
UK inflation beats expectations for the 4th straight month – staying at 8.7% That'll bolster bets that the Bank of England will raise rates as high as 6% – which Bloomberg Economics says will mean recession The mortgage pain worsens...
@BloombergUK
Bloomberg UK
11 months
UK inflation remains "hot, hot, hot," says @lizzzburden , who adds investors will now be ramping up bets on the Bank of England making more aggressive rate hikes
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@lizzzburden
Lizzy Burden
6 months
It would be very helpful for my alerts situation if you could all stop referring to the (tax) burden please
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Lizzy Burden
4 years
🇬🇧🇯🇵 Why did the UK-Japan trade talks stall over Stilton and where will they end up? @MichitoTsuruoka , professor at Keio University in Japan, says there isn't "realistic, political sense in London" My latest for @Telegraph (register to read free) 👇
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@lizzzburden
Lizzy Burden
11 months
Latest UK jobs stats show the labour market's cooling more slowly than expected Unemployment fell, earnings shot up Suggests the economy is resilient (a double edged sword -- it'll spur inflation) Markets see BOE rates at 5.7% by Feb £ jumps v $
@BloombergUK
Bloomberg UK
11 months
UK jobs data show the economy "is more resilient than we thought," says @lizzzburden It's "a major surprise" that means a Bank of England rate hike this month looks "pretty nailed on"
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Lizzy Burden
1 year
UK inflation is back in single digits but came in WAY above economists' expectations Traders now see Bank of England interest rates peak EVEN HIGHER -- at 5.5% More via @BloombergTV :
@BloombergTV
Bloomberg TV
1 year
UK inflation has fallen, but remains much stronger than expected @lizzzburden breaks down the data
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@lizzzburden
Lizzy Burden
2 years
Plaid Cymru’s @LSRPlaid asks Rishi Sunak at PMQs whether he agrees with the Office for Budget Responsibility or his trade secretary Kemi Badenoch, who in a @BloombergRadio interview told me its forecasts on Brexit were never “quite right”. Here’s his answer:
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@lizzzburden
Lizzy Burden
11 months
If UK interest rates hit 6% - a possibility markets are flirting with - Bloomberg Economics reckons that'll trigger a 2% fall in GDP, meaning Rishi Sunak fails to hit his target of growing the economy this year More on the Bloomberg Daybreak Europe pod:
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@lizzzburden
Lizzy Burden
1 year
The Bank of England is expected to raise rates by 50bp today to 3.5% – highest in 14 years. Andrew Bailey's under fire for letting inflation get to double digits and it's proving stubbornly high...
@business
Bloomberg
1 year
It's Bank of England decision day, with many investors and economists expecting a half-point increase in the key rate @lizzzburden explains what to look for (via @BloombergUK )
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Lizzy Burden
3 months
Cut rates now, Andy Haldane says “It’s 1 thing to miss inflation on the way up, it’s another to then have crushed the economy on the way down. That double blow to credibility is one I’d be looking to avoid.” From one of the BOE’s biggest ex hawks…
@lizzzburden
Lizzy Burden
3 months
The Bank of England risks deepening the UK's recession if it doesn't cut interest rates soon, ex-BOE chief economist Andy Haldane (now @theRSAorg ) tells us on the Bloomberg UK Politics Podcast Listen here: And read more:
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@lizzzburden
Lizzy Burden
3 years
"Short-termism at its worst" The UK extended relaxed limits on truckers' hours, meant to alleviate the post-Brexit/Covid labour shortage @RHARodMcKenzie says poorer conditions will only put more EU drivers off applying, exacerbating supply chain issues
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@lizzzburden
Lizzy Burden
4 years
🇬🇧 🇨🇦 Britain’s expected to launch post-Brexit trade talks with Canada soon, with the goal of reaching a deal this year @DmitryOpines says Liz Truss could be “heading for yet another negotiating shouting match over cheese” 🧀 @Telegraph story 👇🏽
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@lizzzburden
Lizzy Burden
10 months
UK inflation falls to lowest in more than a year - driven down (more than expected) by food & fuel - services and core also eased £ down 0.6% to $1.29 - looks like August could be just a 25bp hike from BOE Interview with @JohnGlenUK on @BloombergTV 0740
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Lizzy Burden
1 year
👀Not the only announcement from @SebastianEPayne today... He confirms on the Bloomberg UK Politics Podcast he's in the selection process to be the Conservative candidate for Selby Subscribe here for today's episode -- out just after 12pm:
@lizzzburden
Lizzy Burden
1 year
More on this on today's UK Politics Podcast with Onward's @SebastianEPayne : Millennials not turning Tory when usually they might... Live at 12pm on @BloombergRadio and subscribe here to listen on Apple podcasts:
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@lizzzburden
Lizzy Burden
4 years
Delighted to have won @MHPC #30ToWatch for my city and business coverage this year. Thanks so much to my contacts, editors and mentors who made it possible.
@MHPC
MHP Group
4 years
This year's MHP + @mischiefpr #30ToWatch Young Journalist Award winners in the City and Business category are: @lizzzburden @Joe_Mayes @TomWitherow . See the full list of all 30 winners at:
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@lizzzburden
Lizzy Burden
9 months
UK inflation falls but less than economists expected. Strip out food & energy and it stayed the same (was forecast to fall). Services inflation actually rose… Traders already raised where they are Bank of England rates peaking after yesterday’s hot jobs data - so still 6%
@BloombergUK
Bloomberg UK
9 months
Traders are holding their bets for the Bank of England rate to hit 6% by March, after UK inflation fell less than expected @lizzzburden breaks down the key numbers
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@lizzzburden
Lizzy Burden
3 years
🇬🇧🇪🇺 In this week's Beyond Brexit news: The UK’s fiscal watchdog says Brexit will hurt the economy more than the coronavirus pandemic, and Britain uses its new freedoms to cut booze duties. Read & subscribe to the newsletter 👇
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@lizzzburden
Lizzy Burden
3 years
🚛🚢 The rise in post-Brexit cross-Channel freight rates is expected to stick - was up 39% on Q3 last week @RHADuncanB says it'll "never fall completely because there’s a permanent added cost of the significant extra bureaucracy" @business story 👇
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@lizzzburden
Lizzy Burden
3 years
🇬🇧🇪🇺 Brexit checks/delays mean the rate of freight firms rejecting contracts to take goods to/from the UK is up AGAIN - truckers returning empty to skip hassle 🚚 France-UK volumes down 38% on Jan 2020 as firms bypass Britain New @TRANSPOREON_TPG data👇
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@lizzzburden
Lizzy Burden
2 years
Assistant trade correspondent reporting for duty from Felixstowe Bringing you all the latest on the strike action from Britain’s biggest container port, via @BloombergTV and @BloombergRadio 🚢
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Lizzy Burden
2 years
Therese Coffey takes a last selfie before Truss team departs
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Lizzy Burden
3 months
UK inflation unexpectedly holds steady in January at 4% — economists thought it would rise Analysis next on @BloombergRadio
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Lizzy Burden
3 years
🇬🇧🇪🇺 UK exports to the EU continued to recover in June and are back to pre-pandemic levels (excluding precious metals) ING's @SmithEconomics says that shows businesses have largely adapted to the new processes Via @economics @BBGVisualData w/ @pogkas 👉🏾
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@lizzzburden
Lizzy Burden
3 years
UK wage growth hit a record in July as job vacancies passed 1 million, pushing up inflation - with the economy back open, companies are scrambling for staff... Via @economics 👉🏾
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@lizzzburden
Lizzy Burden
3 years
Overall, the first month of Brexit has underlined that the UK & EU are no ordinary trading partners - consequences are only starting to play out “Proximity matters,” says @DavidHenigUK . “Seamless trade is a thing of the past" @business story here 👇
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@lizzzburden
Lizzy Burden
3 years
🇬🇧🇪🇺 "Teething problems"? Looks more like a root canal... The first @ons UK trade data since Brexit show exports to the EU plunged 41% from Dec to Jan, while imports dropped 29% Via @economics 👇
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@lizzzburden
Lizzy Burden
1 year
UK shop inflation hit a record pace in May, @the_brc data show Here's what it means for the chancellor, the Bank of England and the pound -- a thread:
@BloombergTV
Bloomberg TV
1 year
"We are at that tipping point where the higher rates could mean recession" @lizzzburden breaks down UK shop price inflation data
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@lizzzburden
Lizzy Burden
2 months
I had the honour of giving the keynote speech at the Founders’ Day of @WGSManchester — my old school — at the Bridgewater Hall in Manchester…
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@lizzzburden
Lizzy Burden
3 years
It’s Budget day in the UK. Here’s what to expect via @BloombergTV 👇🏽
@BloombergTV
Bloomberg TV
3 years
It's budget day in the U.K. @lizzzburden runs through what to expect from Rishi Sunak in #Budget2021 More:
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@lizzzburden
Lizzy Burden
2 years
Bloomberg repping women in economics on a big day for central banks 💪🏽
@aggichristiane
Agatha Cantrill
2 years
Big day for central banks and we have a line-up of some very smart voices to take you through today's BoE, ECB decisions - as well as the Fed from yesterday 📺: @flacqua / @jrandow / @krisaqnews / @lizzzburden
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@lizzzburden
Lizzy Burden
2 years
Gloomy data: UK retail sales dropped 1.4% in March - more than the 0.3% fall economists expected - as Brits cut back on discretionary spending and non-essential journeys to deal with the cost of living (which is only set to rise...) Via @economics 👇🏾
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@lizzzburden
Lizzy Burden
2 years
DOUBLE DIGITS... UK inflation hits 10.1% in July - beating economists' expectations AGAIN - more than 5x the BOE's target - a new 40 year high That leaves another 50bp hike v much on the table at the Bank's Sept meeting More on @BloombergRadio now with @stephencrrll & @atbwebb
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@lizzzburden
Lizzy Burden
3 years
Pret a Manger is a bellwether for the London economy I spoke to Pano Christou, its CEO, about what he sees for the future of office life He says @Pret will no longer 'follow the skyscrapers' but will now 'bring Pret to the people' Via @economics 👇
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@lizzzburden
Lizzy Burden
3 years
🇬🇧🇪🇺 Real-time data confirm post-Brexit trade is recovering The rejection rate for cargo shipped France-UK almost halved last week - lowest since the last week of Nov 🚚🚢 "Market players slowly adjusting to the new circumstances," says @TRANSPOREON_TPG @economics exclusive👇
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@lizzzburden
Lizzy Burden
1 year
Mixed UK job data this morning Economic inactivity falling Weaker pay growth BUT Unemployment held steady # employees on payrolls rose Bloomberg Economics reckons we’ll get one more 25bp BOE hike but traders have pared back their bets since last week...
@BloombergTV
Bloomberg TV
1 year
New UK jobs data suggest the Bank of England's rate hikes may be starting to work — but not everyone agrees @lizzzburden explains:
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@lizzzburden
Lizzy Burden
3 years
Symptoms of menopause like hot flushes, loss of sleep and mood swings negatively affect 3 in 5 working women, according to the @CIPD It found almost a million women left the workforce because of them - a huge, preventable loss that feeds into the gender pay gap & pensions gap
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@lizzzburden
Lizzy Burden
2 years
Retail sales beat expectations in July BUT look at the difference between volumes and sales — comes down to high inflation — people are buying less for more …as this crocodile shows…
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@BloombergTV
Bloomberg TV
2 years
Britain’s online stores drove an unexpected jump in retail sales last month, but what might it mean for the Bank of England? @Lizzzburden has the latest:
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@lizzzburden
Lizzy Burden
1 year
BOE hikes by 50bps - as expected by economists and investors. It was a 3-way split vote: Mann wanted 75, Dhingra and Tenreyro wanted no move. Reflects the environment: stubbornly high inflation + recession. Here's my snap analysis on @BloombergTV , and a thread of more thoughts:
@BloombergUK
Bloomberg UK
1 year
The Bank of England has raised its benchmark interest rate by 50 basis points to 3.5%, with policy makers split three ways on the decision @lizzzburden has the key takeaways
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@lizzzburden
Lizzy Burden
2 years
The war in Ukraine has stunted European jobs growth, @indeed data show — countries that rely most on Russia for imports and energy-intensive sectors such as manufacturing and transportation hardest hit. Exclusive via @economics :
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@lizzzburden
Lizzy Burden
11 months
Bloomberg Economics now sees a UK recession in winter That's the best-case scenario, assuming the Bank of England takes rates to 5.75% - not the backdrop Rishi Sunak wants for an election And they don't see inflation at the BOE's 2% target til 2025...
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@lizzzburden
Lizzy Burden
3 years
Meanwhile, a Brexit deal on finance could be years off and the City of London is already seeing parts of its business, like stock and derivatives trading, slipping away More from @sabrush & @virenvaghela 👇
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@lizzzburden
Lizzy Burden
3 years
🇬🇧🇪🇺 In this week's Beyond Brexit news: More banking jobs are moving from Britain to the EU, and official data show UK trade with the bloc plunged in the first quarter Read & subscribe to Bloomberg's Beyond Brexit newsletter 👉
@BloombergUK
Bloomberg UK
3 years
Banking jobs leave London for the EU and India is the next stop for "Global Britain" @lizzzburden on this week's Beyond Brexit newsletter ⬇️ More:
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@lizzzburden
Lizzy Burden
1 year
Latest GDP data: the UK economy didn’t grow in the last three months of 2022, as economists expected. In December, it shrank 0.5%. That means the UK dodged a recession, even as strikes weighed on output, thanks to decent gains at the start of the quarter.
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@lizzzburden
Lizzy Burden
11 months
After yesterday's inflation shock, the Bank of England's 13th straight hike today is pretty much nailed on. Could it be a half-point hike to 5%? Here's what to expect...
@BloombergUK
Bloomberg UK
11 months
It's all eyes on the Bank of England, ahead of another expected interest rate hike @lizzzburden breaks down what markets and economists will be looking for
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@lizzzburden
Lizzy Burden
1 year
For the first time in 14 years, mortgage costs are so high it's cheaper to rent a home than buy one (not that it's great being a renter either) @CapEconUK expects it to stay this way til the second half of next year... Story via @tomelleryrees :
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@lizzzburden
Lizzy Burden
10 months
It’s Bank of England decision day! Markets are on a knife edge between whether the BOE will hike by 25/50bps from 5% today after June’s cooler-than-expected inflation reading Here’s what to watch out for, via @BloombergTV :
@BloombergUK
Bloomberg UK
10 months
"Markets are on the knife edge" Debate is raging about the Bank of England's rate decision today — @lizzzburden breaks down what economists and investors are predicting
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@lizzzburden
Lizzy Burden
4 years
If you're someone who criticises @Telegraph before reading it, here's some of my recent coverage of trade/Brexit/economics. You can read for free this weekend and make an *informed* judgement. First, a Brexit exclusive:
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@lizzzburden
Lizzy Burden
3 years
🇬🇧🇪🇺 In this week's Beyond Brexit news: More calls for looser immigration rules to cure the supply chain issues that hit inventories on grocery store shelves Read & subscribe to the newsletter 👇
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