Half of Brits not received a pay rise in over a year despite inflation skyrocketing August 30, 2022 Nearly half of all UK workers have been waiting more than 12 months for a pay rise, as inflation hits 10.1 per cent. As the cost of living crisis puts pressure on household finances, research from Aspire – a recruitment agency – has found that 32 per cent of workers will look to change roles in the [...]
Which UK shares should you keep an eye on in September 2022 August 24, 2022 | City Talk As Citi predicts UK inflation will strike a forbidding 18.6% in early 2023, investors are rushing to rebalance their portfolios away from unsustainable growth towards the best UK shares, including FRP Advisory Group, QinetiQ, and Phoenix Group. UK shares to buy With interest rates rising with the risk of corporate defaults, the twin signposts of liquidity and [...]
Klarna says BNPL can offer ‘better value’ for essentials amidst cost of living crunch August 23, 2022 Klarna has doubled down on the use of buy-now pay-later for essentials like groceries after debt charities and the regulator warned over the promotion of the products amidst a cost of living crunch this year.
EXCLUSIVE: Number of firms fined for deliberate corporation tax misinformation hits four-year high August 22, 2022 The number of businesses fined by HMRC for deliberately obscuring their corporation tax affairs has climbed to its highest level in four years, exclusive figures obtained by City A.M. reveal. The tax man last year penalised 62 firms for purposefully sending incorrect information to possibly slash the amount of corporation tax they pay, up 35 [...]
FCA warns providers of BNPL products about unregulated promotions August 19, 2022 The UK’s financial regulator has written to providers of Buy Now Pay Later (BNPL) products and the British Retail Consortium warning about unregulated promotions. The Financial Conduct Authority outlined that products must comply with promotion rules, and some unauthorised firms may be breaking the law if their products aren’t backed up by an approved company. [...]
DWP final salary pension reform could be a ‘straitjacket’, pensions chief warns August 12, 2022 Government plans to ramp up scrutiny of 'final salary' pension scheme funding could be a “straitjacket” for the industry and scupper hopes that retirees’ cash could be diverted into areas like tech and infrastructure, a pension expert has warned.
Four charts that make the case for value investing August 11, 2022 | City Talk The more the world changes, the more value investing remains a compelling investment strategy. Here’s why “Plus ça change, plus c’est la même chose”. Or, in English: “The more things change, the more they stay the same”. Nowhere is this more true than in the realm of value investing. Throughout history, humankind has faced profound [...]
What is happening with EUR/USD, GBP/USD and AUD/USD prior to the US CPI release August 11, 2022 | City Talk EUR/USD remains rangebound as the price rises into resistance EUR/USD has been trading within a range over the course of the past three weeks, with the price spending much of this week rising back towards the confluence of trendline and 200 simple moving average (SMA) resistance. The wider bearish trend does bring expectations of another turn lower before [...]
Identity theft-driven data breaches costing Brits close to £4bn a year August 10, 2022 Data breaches driven by identity theft have been costing the UK near £4bn every year for almost a decade as fraud in the country rises. Over 28m data breaches have occurred every year since 2013 at a cost of £3.7bn per year, with more than 140m files compromised, data by ID verification checks provider Credas [...]
Millions of Brits in for shock charges as credit card rates hit highest level since 1998 August 9, 2022 With credit card borrowing growing at its fastest pace since 2005, new analysis shared with City A.M. this morning shows that last month average rates on credit cards hit their highest level since 1998. An analysis of the Bank of England’s quoted household interest rate figures uncovered that average credit card rates jumped 0.23 percentage [...]