Brits benefit from £27bn in tax relief incentives but warned trend is slowing September 7, 2022 Brits benefited form tax incentives to the tune of £27bn last year, but a warning has been aired about the trend slowing. Numerous schemes are available to savers and investors, with the biggest gains being income tax relief on pension contributions, at a staggering £22.5bn, while relief on ISAs reached £3.7bn. However, the figures from [...]
Bitcoin price falls below $19k for first time since July September 7, 2022 The price of Bitcoin yesterday dropped below $19k and is currently changing hands for $18,777 – a 5.74 per cent drop over the past 24 hours.
How Truss pays for her plan for energy prices is just as important as what she does September 7, 2022 Our new prime minister already has a long list of detractors. Yet something many are failing to take notice of is how well she grasps the fundamental importance of generating economic growth. This is the central issue facing the economy and it will determine how, ultimately, we pay for an intervention in the energy market. [...]
Independence is ‘vital’ for effective regulation, say watchdogs September 7, 2022 The UK's top financial regulators have doubled down on their continued independence from political influence today as they warned that pursuing short term growth by "lowering" regulatory standards could threaten financial stability.
Britain hurtling toward long economic slump and record living standards squeeze September 6, 2022 Britain is sinking into a long economic slump that will deal the biggest hit to household finances on record, a new report released today shows. A historic inflation surge led by sky-high energy bills is set to tip the country into a recession this year, wiping off £2,000 of Brits’ real take home pay, according [...]
London’s FTSE 100 jumps as Liz Truss mulls cost of living support package September 6, 2022 London’s FTSE 100 jumped today driven by investors being reassured by new prime minister Liz Truss preparing to ramp up support for households and businesses this week. The capital’s premier index added 0.18 per cent to reach 7,300.44 points, while the mid-cap domestically-focused FTSE 250 index, which is more aligned with the health of the [...]
BT shares slump as brokers downgrade FTSE 100 firm September 6, 2022 BT shares slumped to the bottom of the FTSE 100 this morning after it received a scathing broker note about its investments. German investment bank Berenberg dropped the telecom stock from a Buy to a Hold, stating that it had underestimated the pressures on the UK firm. Brokers also reduced its price target to 190p from 220p. [...]
EXCLUSIVE: New PM Liz Truss will protect ‘crown jewel’ City of London September 6, 2022 Liz Truss will “empower the City to drive economic growth” through tax cuts and regulatory reform as Prime Minister, she exclusively told City A.M.. The newly-appointed Conservative leader said, who will be appointed formally by Her Majesty the Queen at Balmoral today, she wanted to maintain the Square Mile’s competitive edge and “supercharge growth and [...]
Ethereum price movement outpaces Bitcoin ahead of Merge September 6, 2022 The price of Bitcoin (BTC) remains stuck below $20,000 this morning, with the largest cryptocurrency by market value changing hands for $19,911.
Snap snaps and Big Tech feels the heat: What’s next for advertising? September 6, 2022 City A.M. chats with sustainable advertising platform WeAre8 to chat about the future of advertising in an age of distraction and economic turmoil.