‘We haven't felt pain like this in markets for some time’
Wealth firms are growing concerned a regulatory crackdown on bonuses within the UK banking sector could end up impacting the investment management industry.
The Bank of England's Sir Jon Cunliffe has warned bankers they are paid too much and should expect a pay cut following a sharp drop in banks' profits.
The Bank of England's chief economist has suggested interest rates could remain low for a protracted period without causing inflation to spike.
Two members of the Bank of England's Monetary Policy Committee again voted to raise rates this month, minutes from the latest meeting show.
Kames Capital's David Roberts has warned delaying an interest rate hike any longer could cause the kind of inflationary shock last seen in the UK more than thirty years ago.