City brings forward bets on Bank of England rate hike to this week October 31, 2021 The Bank of England will hike interest rates this week to hose down runaway inflation, according to several grandee City investment banks. JPMorgan, Deutsche Bank, Morgan Stanley and Santander have all brought their bets on when the Old Lady will increase borrowing costs to this Thursday’s rate setting meeting. The strengthening bets have been driven [...]
Fuel be sorry: Record petrol prices could hurt retail sector warn experts March 7, 2022 Experts suggest record prices at the pumps could hurt the retail sector and potentially stall the UK's ecommerce boom.
UK Holiday Property Investment September 27, 2022 7% fixed NET return1 The UK holiday industry has shown signs of a strong recovery from the disruptions posed by the global pandemic. Research by the World Travel & Tourism Council (WTTC) forecast that the UK’s travel and tourism sector’s contribution to the economy could rise to £192 billion in 2022. The British public have [...]
Saving it away for a rainy day? Now you just have to keep it there as costs spiral March 31, 2022 Over many decades, thousands of column inches have lamented the state of financial education and hours of speeches have been delivered by politicians vowing to fix it. When this hasn’t proven forthcoming, it’s fallen to bloggers and influencers to fill the education gap. Now, as we navigate the harshest cost of living crisis for generations, [...]
The government should look beyond a windfall tax to see the merit of insulation May 24, 2022 Labour leader Keir Starmer taunted the prime minister at the dispatch box last week, gloating that a windfall tax – the flagship proposal from the opposition to cut down energy bills – was now “inevitable”. Such confidence from Starmer is not unearned, as it has been fuelled by a litany of u-turns from Boris Johnson’s [...]
A nation driving innovation – why the UK is still a great place for global fintech companies August 4, 2023 Martin Heraghty, Regional Director Europe, Paymentology As an international financial powerhouse, the UK – and in particular London – is a great place for a fintech company to be based – even when times are tough. Despite the economic fallout of Brexit, soaring inflation and the cost of living crisis, the UK is still ranked [...]
London brought to a standstill as tube strike closes entire network and RMT lock horns with Sadiq Khan March 15, 2023 A strike by London Underground drivers has closed the entire network. Transport for London’s website shows no services are running on any Tube lines. The Docklands Light Railway and Elizabeth line are part-suspended because of the industrial action. Drivers in Aslef and the Rail, Maritime and Transport union (RMT) walked out in a dispute over [...]
Anxiety about soaring living costs weighs down UK consumer confidence September 24, 2021 Intense anxiety about sharp rises in the cost of living is weighing down Brits’ confidence levels, according to fresh data published today. Consumer confidence in the UK slid five points to minus 13 in September, driven by Brits sharpening their focus on the spectre of inflation and tax hikes looming over their living standards. Empty [...]
Windfall tax would be sticking-plaster policy for a short-sighted government May 13, 2022 Nothing is certain but death and taxes, goes Benjamin Franklin’s famous quip. As war grinds on in Ukraine, we have no shortage of the former. The question occupying the Treasury today is whether one should lead to the other. Should the energy giants’ huge recent profits – a direct result of the war in Ukraine [...]
CBI chief: Spectre of inflation is ‘very real’ and larger than we thought November 22, 2021 The chief of the influential business group the Confederation of British Industry (CBI) has warned that inflation is “very real” and is threatening to squeeze British firms. Speaking at the CBI’s annual conference, the group’s director general Tony Danker warned that pay hikes will “spill over” into prices, intensifying the cost of living crisis pinching [...]