![]() Inches, who oversees £40 billion ($51 billion) in fixed-income assets such as bonds, said that this time “economic fundamentals,” rather than political missteps, were boosting gilt yields. The figures have pointed to persistent inflationary pressures, increasing the chances of more interest rate hikes by the Bank of England and driving up gilt yields.Ĭraig Inches, a senior fund manager at Royal London Asset Management, told CNN there had been a “big, big change in the expectation of interest rate moves.” Gilt yields shot up on Tuesday after official data showed the fastest growth in UK wages on record - when excluding a rebound from the pandemic - in the three months to the end of April. That is the highest level since the 2008 financial crisis and above the peak hit last fall when the UK government bond, or gilt, market was thrown into turmoil by the prospect of unfunded tax cuts and higher borrowing planned by then-Prime Minister Liz Truss. The yield on the country’s two-year government bonds - which is used to set interest rates on mortgages - jumped to 4.87% on Tuesday. ![]() Leigh said: “I used to work in John Lewis while I was in college and studying at university, they supported me when I took time off for three months to intern in NYC so we have a great relationship so it will be exciting to be back in store but with my own brand.Existing and aspiring UK homeowners are bracing for a fresh wave of misery as a rise in benchmark borrowing costs threatens to push up monthly mortgage payments. She will be based in the style studio where she will have an exclusive range for John Lewis. Leigh Taylor Designs was also sold in Topshop stores across the UK at the same time.Īs of today, Monday, June 12, Leigh Taylor Designs was the first independent brand to launch in John Lewis. ![]() She travelled to meet their buyers in London where they offered her a six week pop-up in Liverpool’s Topshop but due to popularity, it turned into five years. She added that: “I learned the structure of how they had different areas for designing, buying and marketing and it just inspired me to put 100% focus into building my own brand.”Ī few months after graduating, Leigh designed a collection and approached Topshop. After graduating, she went straight into a fast fashion company but only lasted a few weeks as it wasn’t for her. Leigh studied fashion at the University of Salford and in her second year was offered an internship with Vera Wang in New York, where she lived for three months, working closely with the designers and Vera herself. I also up-cycle vintage fabrics from villages in Rajasthan to give new life to create gorgeous pieces.Įmbroidery designing in India (Image: Leigh Taylor Designs) Mirror work is what we are known for which is an old type of Indian handcraft that used to be hand embroidered by women. “Fabrics are hand sourced by myself and I work closely with family owned factories to ensure workers are not being exploited and are in a safe environment. READ MORE: Claim your FREE National Trust and RSPB family day pass - we've got 50,000 to give away! ![]() I have travelled to India since I was a child, it's where I get my inspiration from. She told the ECHO: “Leigh Taylor was built from my Indian heritage, where I can share my culture through art and gorgeous designs. Leigh used to cut up old saris that her nan gave her and then turned them into dresses and tops which prompted her to start selling her own clothes as Leigh Taylor Designs. Leigh Taylor, 32, who is half Indian, has always been surrounded by "colours and stunning embroidered saris" from her nan. A Liverpool woman who once interned at Vera Wang now runs her own clothing company. ![]()
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