Hunt hopes for an uneasy peace between the markets, voters and his own party November 21, 2022 At the dispatch box, Jeremy Hunt opted to forgo the traditional Budget day whisky when he delivered the Autumn Statement. Given the task he was facing, you could forgive him for having a drink. Burgeoning estimates of the fiscal black hole were well trailed by a Treasury desperate to manage expectations. The final figure was [...]
AO World shares crash amid worries over electrics retailer’s financial strength after insurer cuts cover July 4, 2022 Shares of online electricals retailer AO World are diving today amid worries over its financial strength after it was reported that a credit insurer has cut cover for the firm’s suppliers. The group saw shares fall by more than 18 per cent at one stage in morning trading today following the Sunday Times report revealing [...]
Exclusive: Pressure mounts on Treasury over BNPL regulation as Woolard says ‘pace has slowed’ May 12, 2022 Pressure is mounting on the Treasury to greenlight the next stage of buy-now pay-later regulation as concerns grow over the use of the products in the midst of a cost of living crisis.
FTSE 100 today: London markets set for muted open ahead of ECB rate cut decision June 4, 2024 Doubts about US exceptionalism drive Asian market decline. UK spending slows in May. Investors watch ECB and BOC policies.
UK inflation to hit generational high of 9.5 per cent as Russia-Ukraine war sends energy prices soaring March 2, 2022 The spillover impact of Russia ramping up its assault on Ukraine on energy prices will send the cost of living in the UK to a level not seen in a generation, reveal fresh forecasts by top City analysts. Fears over Moscow squeezing oil and gas flows in retaliation to Western sanctions has pushed energy prices [...]
L&G report: Inflation is widening gap between rich and poor with ‘pay cut’ for 95 per cent of UK households March 27, 2023 Legal & General’s Rebuilding Britain Index (RBI) found that 95 per cent of working UK households have experienced a real terms pay cut over the last 12-months as rising inflation makes its way felt into nearly all households. UK inflation has surpassed forecasts and stayed in the double digits and the rate of price increases [...]
London’s councils call for share of £2.6bn levelling up fund March 22, 2022 London’s councils are calling for a slice of the £2.6bn fund earmarked for the government’s levelling up agenda to also be given to the capital in Rishi Sunak’s spring economic statement tomorrow. London Councils, an association representing all 32 of the capital’s councils, has urged Sunak to ensure that London receives from the UK Shared [...]
Economic green shoots to coax Bank of England into steepest rate rise since independence July 13, 2022 Signs of green shoots in the UK economy will encourage the Bank of England to launch the steepest interest rate hike since it was made independent 25 years ago. Stronger than expected growth in May suggests the economy can absorb higher interest rates without falling into recession, known as a “soft-landing,” according to City analysts. [...]
Four in ten Brits consider job change to counter higher cost of living and rising inflation March 11, 2022 Almost forty per cent of people polled this week have considered changing jobs to counter rising inflation and costs of living. Pressures are showing on people’s wages and mental health, with leading employment board Totaljobs urging employers to support their workers through difficult financial times. In a survey published this week, 37 per cent of [...]
Forget the IMF, the Bank of England are the real doomsters in this UK recession merry-go-round February 2, 2023 This week the International Monetary Fund (IMF) became public enemy number one for saying the UK will be the only rich economy to suffer a contraction in 2023. Even Russia, hobbled by sanctions to punish it for its invasion of Ukraine, is poised to squeeze out more growth than Britain this year, the lender of [...]