UK economic growth slows as GDP records 0.8 per cent between January and March May 12, 2022 The UK economy grew by 0.8 per cent between January and March, down from growth of 1.3 per cent in the previous three months, the Office for National Statistics has said. Darren Morgan, director of economic statistics at the Office for National Statistics (ONS), said: “The UK economy grew for the fourth consecutive quarter and [...]
Lifting off from the Highlands: Scotland to be launchpad for Europe’s first-ever microlauncher rocket May 11, 2022 Europe’s very first microlauncher rocket will be launched in Scotland. Lifting off from Space Hub Sutherland, in the Highlands, the Prime orbital space rocket has been unveiled by Orbex, a spaceflight company. The firm will now press ahead with testing, allowing “dress rehearsals” of rocket launches and the development of launch procedures. Orbex recently revealed [...]
Cost of borrowing surges as overdraft rates hit record highs: Credit card fees back to the ’90s May 10, 2022 Data covering quoted household interest rates on consumer credit products released by the Bank of England this week reveal the rising cost of borrowing for UK households, With the Bank hiking interest rates by 0.25bp last Thursday and inflation expected to show a climb yet again for April, the fresh data demonstrates the difficult decisions [...]
US-UK trade deal ‘never going to happen’, warns former Bank of England bigwig as he says high inflation is down to Brexit May 10, 2022 Most of the UK’s inflation is a direct result of Brexit, according to a former heavyweight at the Bank of England. Former BoE policymaker Adam Posen, said that around 80 per cent of the reason why the IMF expects UK’s inflation to remain high is directly linked to Britain’s departure from the EU. The economist, [...]
Govt accused of ‘turning its back’ on workers after promised Employment Bill is nowhere in Queen’s Speech May 10, 2022 The Government has come under fire for “turning its back” on workers after a long-awaited and promised Employment Bill was not included in the Queen’s Speech. Unions and Labour criticised Prime Minister Boris Johnson, accusing him of “fobbing off” working people. Unions have been expecting legislation for years, saying a Bill is needed to tackle [...]
11 Resume tips: The perfect CV May 10, 2022 | City Talk Does your curriculum vitae (CV) pass the six-second test? When they look at applicants’ resumes, recruiters and hiring managers will spend six seconds on average looking at each. If your CV doesn’t set you apart in that brief moment, you are likely out of luck. So how can you craft a resume that aces that [...]
Jacob Rees-Mogg: Sure, the cost of living crisis is ‘difficult’ but the government cannot just spend its way out it May 9, 2022 Senior Tory Jacob Rees-Mogg said hard-pressed households are facing a “difficult” future as inflation rises but he warned the Government cannot spend its way out of the problem. The Brexit Opportunities Minister said increasing public spending to mitigate the impacts of the rising cost of living risked adding to inflation, pushing prices higher. The squeeze [...]
City exclusive: Women occupy less than one in six senior positions at London hedge funds May 9, 2022 The financial industry has long been dominated by men, whether in banking, insurance, or hedge fund management. Even today, it has emerged that women occupy just 15 per cent of senior positions in the City’s hedge funds. A new study that was exclusively shared with City A.M. found that, within hedge funds, only one in [...]
Chartered Management Consultancy Award (ChMC) helps retain and attract the most talented management consultants May 9, 2022 | Sponsored Demand for management consultancy services continues to grow at historic levels. Last year’s growth rate for the sector of 16 per cent is forecast to be followed by a 13 per cent expansion this year as clients continue to turn to consultants during a critical period to drive growth, digital transformation and help them to [...]
Weekend Chat: Up close and personal with the founder of UK’s first dating app for single parents May 7, 2022 Nevine Coutry, a London based entrepreneur, has something to celebrate. A year ago, after months of hard work and long evenings, she finally did it. The Londoner launched the UK’s first dating app aimed exclusively at single parents. How did this come about? City A.M. sat down with Coutry to hear this Londoner’s unique story. [...]
