London’s ULEZ must be fair and effective or risk reversal July 29, 2022 THE CLIMATE is changing rapidly. We saw that with the heatwaves that swept the country and the fires raging in Europe. But climate action can’t steamroll over people, or make them poorer as an economic crisis sets in. Well-meaning but unfair policies will, after all, eventually be unwound. No policy is a better example than [...]
Government eyes bank surcharge U-turn despite Lloyds profits tumbling October 27, 2022 Britain’s biggest mortgage lender, Lloyds Bank, has set aside hundreds of millions of pounds in preparation for a surge in loan defaults caused by the rising cost of living and higher interest rates squeezing household budgets. The lender today said it had banked £668m over the three months to September to absorb souring loans, primarily [...]
Ed Warner on rugby and the “friendless” Commonwealth Games December 7, 2023 Our columnist tackles rugby's legal battle over brain injury.
Week ahead: City braces for further inflation surge June 19, 2022 Investors are bracing for fresh data this week to point to a further surge in UK inflation, sending the rate of price rises beyond an already 40-year high. London’s FTSE 100 last week was caught up in one of the most volatile weeks for global stock markets since the early days of the pandemic. It [...]
Is there enough student housing for the next cohort of school leavers in September? April 27, 2024 “It’s a good time to enter the market,” Jay Ahluwalia, principal director of Dominus, said. Dominus, which previously focused on hotels and real estate, currently has two student builds in development in London.
Investors to examine retailers’ books for signs of spending slump September 25, 2022 Investors will be parsing over a slew of results from top retailers for signs of a slowdown in consumer spending in response to an economic slump. London’s premier FTSE 100 index notched a poor performance last week, shedding 3.62 per cent to close at 7,018.60 points, mainly driven by a sharp sell off on Friday [...]
Andrew Bailey hints Bank of England is close to ending interest rate hike cycle January 19, 2023 Andrew Bailey has hinted that the Bank of England will stop hiking interest rates soon in an interview today. Speaking to Business Live, the governor of the Bank suggested market expectations of rates peaking at around 4.5 per cent is more in line with the central bank’s own thinking. Though Bailey, 63, said he is [...]
BoE’s Bailey and co are gloomiest central bank forecasters in history, according to Goldman Sachs August 8, 2022 “No central bank has ever published as negative an economic forecast” as the Bank of England did last week, according to a top Wall Street bank. Governor Andrew Bailey and co’s prediction that the UK will tip into the longest recession since the financial crisis at the end of this year is the gloomiest of [...]
In memoriam: Gove started to crack open a housing crisis paralysed by indecision July 8, 2022 Amid the utter chaos of the last 72 hours – from the torrent of ministerial resignations to Boris Johnson’s own painful almost-exit – there was someone who was ushered out of Cabinet – Michael Gove. A long-time frenemy of the prime minister, Gove had been appointed Secretary of State for Housing – soon after renamed [...]
Entrenched supply crunch stoking inflation risks throttling global economy, IMF warns February 17, 2022 Supply chain breakdowns stoking inflation are inflicting “harm” on the global recovery from the Covid-19 crisis, the world’s economic watchdog warned today. Swelling costs fuelled by choking supply bottlenecks pose a serious risk to derailing the economic rebound by cutting households’ spending power, the International Monetary Fund (IMF) has warned. Central banks launching a rapid [...]