Inflation is the biggest worry for older Britons May 16, 2011 INFLATION is responsible for damaging the quality of life of middle-aged and elderly Britons, and particularly those on lower incomes, a survey revealed today. More than half of people over 50 are increasingly worried about the cost of living, listing it as their main concern. Fears over price pressures even dwarf concerns about health or [...]
We will muddle through amid economic woes June 26, 2011 IT’S amazing how far we’ve come in a short period of time. Back in early February, financial markets were still pricing in the chances of a Bank of England rates rise in May. Now, with the release of minutes from June’s MPC meeting, a rate hike isn’t fully expected until July 2012. As a result, [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 5, 2011 FINANCIAL TIMES PAULSON FUND FALLS 6PC IN MAY Paulson & Co, the world’s third- largest hedge fund, saw the value of its flagship fund drop close to 6 per cent in May, echoing losses across the industry. The loss tops negative returns in the first quarter at the $37bn (£22.5bn) New York-based money manager, famed [...]
Chancellor right that banks must be allowed to fail June 15, 2011 IT is a shame that much of the City will be focused on the crisis in Greece and its repercussions on global markets this morning, for there were some surprisingly good ideas on banking regulation at Mansion House last night. There was a clear shift in attitude on display: the chancellor’s pronouncements were by far the [...]
Bank to face questioning over inflation May 8, 2011 THE BANK of England releases its latest Inflation Report on Wednesday, with economists increasingly divided over the outlook for price pressures in the UK. Consumer price inflation unexpectedly slowed to four per cent in March, yet official figures released next week could show a rebound for April. Input costs for manufacturers accelerated to 17.6 per [...]
Parents face huge bank holiday cost April 10, 2011 THE ROYAL wedding bank holiday will cost parents a combined £206m for extra childcare, research out today reveals. This year’s extended Easter break and back-to-back bank holidays will lead to £3.5bn in child-related costs, said insurer Liverpool Victoria (LV). “With an average 13 weeks of school holidays a year, parents will feel pressured to find [...]
Parents face huge bank holiday cost April 10, 2011 THE ROYAL wedding bank holiday will cost parents a combined £206m for extra childcare, research out today reveals. This year’s extended Easter break and back-to-back bank holidays will lead to £3.5bn in child-related costs, said insurer Liverpool Victoria (LV). “With an average 13 weeks of school holidays a year, parents will feel pressured to find [...]
UK consumer confidence stalls March 31, 2011 UK consumer confidence stalled in March at the same level as February, a closely-watched survey has shown. The GfK NOP Consumer Confidence Index remained static at -28 in March, as marginal increases in people’s perception of the UK’s economy this year and next were offset by falls in the public’s confidence in their own finances. [...]
CITY A.M. BIG HITTERS TEE UP TO MAKE GOLF DAY GO WITH A SWING April 18, 2011 THE first City A.M. Golf Day took place at Kingswood Golf & Country Club in Surrey, designer James Braid’s “finest parkland golf course in England”. Braid, the five-times British Open champion who is famous for his golf courses at Carnoustie, Gleneagles and Hankley Common, built Kingswood in the 1920s during the same building boom as [...]
CITY A.M. BIG HITTERS TEE UP TO MAKE GOLF DAY GO WITH A SWING April 18, 2011 THE first City A.M. Golf Day took place at Kingswood Golf & Country Club in Surrey, designer James Braid’s “finest parkland golf course in England”. Braid, the five-times British Open champion who is famous for his golf courses at Carnoustie, Gleneagles and Hankley Common, built Kingswood in the 1920s during the same building boom as [...]