Cost of living crunch to deliver shock to UK households’ balance sheets May 4, 2022 Households’ balance sheets are set to be tainted by problem debt this year, driven by the worsening cost of living crunch forcing Brits to turn to credit cards to pay bills, reveals fresh analysis published today. Accelerating inflation over the course of this year is likely to spark a jump in unsecured lending, credit that [...]
The pandemic’s lasting impact is huge… How can the little idea of recycling help? January 11, 2023 The pandemic’s lasting impact is huge… How can the little idea of recycling help? For the past 2 years, it’s been one thing after another: Covid lockdowns, more Covid lockdowns, Russia invading Ukraine, and a few more Covid lockdowns (looking at you China). Therefore, it comes as no surprise the global economy continues to take [...]
Taylor Wimpey’s order book hits £2.5bn amid strong demand for homes January 17, 2022 Home builder Taylor Wimpey ended the 2021 financial year in a strong position with an order book valued at £2.5bn.
UK housebuilding tumbles into ‘stagnation’ amid reversing economy June 8, 2022 Higher raw material costs and ongoing supply chain disruption clamped down on the UK construction sector last month, according to a closely watched survey released today. Construction businesses cut back on activity amid rapid cost inflation persisting in May making projects unviable. Just over seven in 10 firms said input prices climbed in May, driven [...]
UK building firms’ confidence plummets on Russia-Ukraine war April 6, 2022 Existing supply chain disruption intensified by Russia’s invasion of Ukraine has eroded confidence in the UK construction sector to its lowest level in around a year and a half, reveals a closely watched survey released today. Swelling raw material costs, elongating delays in sourcing components and higher staffing bills all compounded to spike optimism among [...]
Bitcoin rose in July amid crypto crash August 3, 2022 In association with Luno Bitcoin has continued to establish itself above $20k this week, with the price hitting highs of more than $24k over the weekend. It’s since dropped back slightly, broadly staying in a zone between $22-23k as economic and geopolitical concerns continue to negatively impact traditional and crypto markets alike. On the whole, [...]
Spring budget: Back to work, childcare and post Brexit customs – what do we know so far? March 13, 2023 This Wednesday, Chancellor Jeremy Hunt will stand on the steps of No11 Downing Street – holding the famous Budget 2023 red box. Of his five predecessors, just Rishi Sunak was even in post long enough to reach this point. Political turmoil aside, his spring statement will also follow months of financial chaos, after economic shocks [...]
Truss won’t be the first or the last to U-turn, but she taught us how not to do it October 20, 2022 It has been less than four weeks since the disastrous mini-budget, followed by a series of screeching U-turns in government policy. It’s made for sickeningly compelling viewing, partly because most of us have, at times, experienced our own shocking about-turns and forced mea culpas. We can all relate. And the next 12 months look likely [...]
Just Eat Takeaway returns to profit despite warning of ‘challenging’ consumer backdrop October 19, 2022 Just Eat Takeaway has returned to profitability earlier than expected, although the food delivery platform warned of a “challenging” consumer backdrop in the months to come. The London-based firm said it processed 235m orders in the third quarter of 2022, an 11 per cent dip on the year previously, with bosses pointing to the end [...]
Workers lose over £9k of yearly income rises during ‘lost decade’ July 4, 2022 Brits have lost over £9,000 of annual income rises during and just before the “lost decade” after the global financial crisis, reveals a fresh report published today. Typical household income growth has ground to a halt of just 0.7 per cent per year between 2005 and 2020, while incomes surged 2.3 per cent each year [...]