Only 17% Move to Higher Income Bracket
The report says upward income mobility stood at 17%, making it harder to move out of a low-income background.
Related stories
UK Businesses’ Three-Year-Ahead CPI Expectations Hold at 2.8%
The Bank of England said businesses’ expectations for CPI inflation three years ahead were 2.8% in the three months to October, unchanged from the three months to September.
M impact | MACRO | Oct 30, 2026, 09:32 AM UTC
UK Businesses’ Year-Ahead CPI Inflation Expectations Rise to 3.3%
Businesses’ expectations rose from 3.1% in the three months to September to 3.3% in the three months to October, the Bank of England said.
M impact | MACRO | Oct 30, 2026, 09:32 AM UTC
UK October decision maker year-ahead CPI expectations 3.4%.
H impact | MACRO | Oct 30, 2026, 09:30 AM UTC
Nasdaq 100 Futures Fall 2%; STOXX 600 Flat
The STOXX 600 was flat as Nasdaq 100 futures fell 2%. Amazon was down 7.2% and Intel 25% in premarket trading.
M impact | MACRO | Oct 30, 2026, 09:26 AM UTC
German State Inflation Falls in October, Pointing to National Decline
Preliminary data showed inflation fell in several key German states, suggesting Germany’s national rate could also decrease this month.
M impact | MACRO | Oct 30, 2026, 09:16 AM UTC
German GDP beats forecasts in the third quarter
M impact | MACRO | Oct 30, 2026, 09:02 AM UTC