Rolling coverage of the latest economic and financial news
Good morning, and welcome to our rolling coverage of business, the financial markets, and the world economy.
There’s relief in the West Midlands this morning, after the government agreed to underwrite a £1.5bn loan guarantee to Jaguar Land Rover (JLR) to help the carmaker, and its suppliers, ride out a disruptive cyber-attack.
“This cyber-attack was not only an assault on an iconic British brand, but on our world-leading automotive sector and the men and women whose livelihoods depend on it.
“Following our decisive action, this loan guarantee will help support the supply chain and protect skilled jobs in the West Midlands, Merseyside and throughout the UK.”
“Going forward, there is a real risk of moral hazard.”
“As a country we’re going to have to remake the way the state and market work together to try and safeguard British industry against these kinds of risks.”
9.30am BST: Bank of England mortgage approvals and credit data
1pm BST: Dave Ramsden: panellist at the ECB ‘Inflation: drivers and dynamics 2025 conference’ in Frankfurt.
3pm BST: Dallas Fed manufacturing index
3pm BST: US pending home sales
Continue reading…Rolling coverage of the latest economic and financial newsInside the Jaguar Land Rover hack: stalled smart factories, outsourced cybersecurity and supply chain woesGood morning, and welcome to our rolling coverage of business, the financial markets, and the world economy.There’s relief in the West Midlands this morning, after the government agreed to underwrite a £1.5bn loan guarantee to Jaguar Land Rover (JLR) to help the carmaker, and its suppliers, ride out a disruptive cyber-attack.“This cyber-attack was not only an assault on an iconic British brand, but on our world-leading automotive sector and the men and women whose livelihoods depend on it.“Following our decisive action, this loan guarantee will help support the supply chain and protect skilled jobs in the West Midlands, Merseyside and throughout the UK.”“Going forward, there is a real risk of moral hazard.”“As a country we’re going to have to remake the way the state and market work together to try and safeguard British industry against these kinds of risks.”9.30am BST: Bank of England mortgage approvals and credit data1pm BST: Dave Ramsden: panellist at the ECB ‘Inflation: drivers and dynamics 2025 conference’ in Frankfurt.3pm BST: Dallas Fed manufacturing index3pm BST: US pending home sales Continue reading…
