UK tops G20 economic growth rankings September 15, 2021 The UK economy grew at the fastest rate among the group of rich and developing nations in the second quarter of this year, according to new figures released today. The Organisation for Economic Co-operation and Development (OECD) said the British economy expanded 4.8 per cent between April and June this year, the fastest rate out [...]
UK manufacturers’ costs rise at fastest pace in a decade September 15, 2021 UK manufacturers’ costs rose at their fastest pace in a decade last month, adding to concerns price rises in the British economy may be much stickier than expected after separate data published today shows consumer price inflation jumped at its fastest rate on record. Input prices – typically materials used in the day-to-day running of [...]
Analysis: How did inflation rise at its fastest pace on record? September 15, 2021 Inflation in the UK is soaring at its fastest pace since records began. On an annual basis, prices jumped 3.2 per cent last month, up from two per cent in July, the highest monthly percentage point increase recorded, primarily driven by sharp rises in the cost of eating out compared to the same period in [...]
UK inflation soars to 3.2 per cent in record jump September 15, 2021 Inflation rose at the fastest rate since records began last month, new data showed today, though economists warned the jump was likely to be temporary. The Consumer Prices Index rose 3.2 per cent in August, up from 2.0 per cent in July, the single biggest one-month jump since the ONS began publishing the data in [...]
Socially responsible investing and performance: a long-term winner September 14, 2021 | City Talk Companies with stronger ESG ratings outperform, particularly in times of crisis, as we witnessed during 2020, says Coline Pavot, La Financière de l’Echiquier (LFDE)’s head of responsible investment research. Companies that rank well according to environmental, social and governance (ESG) criteria tend to outperform the average and have greater resistance to crises. This was confirmed [...]
UK unemployment rate falls amid August hiring spree September 14, 2021 The UK unemployment rate fell 0.3 per cent in the last quarter as businesses continued on a hiring spree to keep pace with the economic recovery from the pandemic. According to the Office of National Statistics, the unemployment rate now stands at 4.6 per cent, in line with economists’ forecasts. The fall was powered by [...]
Flight to cities to boost London businesses’ profitability September 13, 2021 Changes to working patterns and companies flocking to cities as the spectre of Covid recedes will boost London businesses’ profitability, according to fresh analysis published today. Research conducted by accountancy firm KPMG shows an influx of new, fast growing businesses into the capital will drive productivity and overall profitability levels up in London. Office occupancy [...]
CBI warns of rising taxes and stagnant business investment under Boris Johnson September 13, 2021 One of the UK’s most influential business groups has cautioned Boris Johnson about recent tax rises, warning that he must concentrate more on stoking business investment post-Covid. CBI director-general Tony Danker will tomorrow tell the Alliance Manchester Business School that a “return to business as usual in our economic policy, at this unique moment in [...]
IFS: Tax hikes will not provide enough funds for NHS September 10, 2021 A leading economic think tank has warned the government’s decision to launch a tax assault will not raise enough funds for the NHS in the long run, in brand new research published today. The Institute for Fiscal Studies said ongoing cost pressures stemming from dealing with the long-term health implications of the Covid crisis will [...]
ECB to rein in Covid stimulus measures but promises to maintain support September 9, 2021 The European Central Bank announced today it will start reining in the wave of stimulus measures it unleashed in response to the Covid crisis, becoming the first of the world’s big three central banks to do so. The ECB said the Eurozone economy’s rapid economic recovery from the Covid crisis has engineered favourable financing conditions, [...]