Social media drives UK online ad spend to highest level ever April 25, 2024 Total ad spend rose six per cent in 2023 to £36.6bn, although this translated to a 1.2 per cent contraction after accounting for inflation.
The Bank of England needs to stop rising interest rates to avoid a painful recession August 3, 2023 After all the interest rate rises and inflation predictions, the Bank of England risks an unnecessarily deep recession, writes Damian Pudner.
Through the roof: China’s factory inflation highest in 13 years September 9, 2021 China’s factory gate inflation hit a 13-year high in August driven by roaring raw materials prices. Watch the full report.
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, [...]
Bailey warns worker shortages could produce sticky inflation September 8, 2021 The governor of the Bank of England, Andrew Bailey, has signalled he is pessimistic about the current worker shortages crippling the UK economy ending soon. Giving evidence to the Treasury Committee, Bailey said the main problem in the economy is now “getting jobs filled.” Responding to questions on whether inflation will persist for longer than [...]
OECD inflation scales to 25-year high as cost of living crisis sweeps across rich nations January 11, 2022 Inflation among the world’s top economies has soared to its highest level in 25 years, according to fresh figures released yesterday. The cost of living scaled to 5.8 per cent in November on an annual basis across countries that make up the Organisations for Economic Co-operation and Development (OECD). Inflation was driven higher by a [...]
Investors eat up UK inflation-linked debt despite record low yield November 23, 2021 The UK has sold a tranche of debt that will pay investors the lowest inflation adjusted yield on record. Investors hoovered up over £1bn in inflation-linked gilts maturing in 2073 paying the lowest yield on any syndicated gilt sale ever. The maturity date is also the longest for any inflation-linked debt issued. Inflation-linked debt is [...]
Budget 2021: Government freezes Isa allowances as inflation comes down the track October 28, 2021 Isa and Junior Isa spending limits will be frozen at their current levels until at least 2023 under the Treasury’s Autumn budget plans, in a move that could hit investors with tax and harm savers if inflation begins to multiply further down the line. Chancellor Rishi Sunak outlined the annual payment limit for adult Isas [...]
US inflation comes in hotter than expected in July August 11, 2021 US inflation come in higher than expectations in July and is still running above historic levels, according to official figures released today. US inflation hit 5.4 per cent annually in July, the same rate recorded in June, according to the US Bureau of Labor Statistics. Monthly inflation cooled to 0.5 per cent from 0.9 per [...]
US producer inflation surges to decade high July 14, 2021 US producer prices rose at their fastest pace in over a decade, fuelling concerns that inflation in the American economy could prove to be much stickier than first thought. The producer price index jumped 7.3 per cent annually in June, the biggest annual increase since November 2010, according to figures published by the US Labour [...]