EU warns it will start trade war if UK overrides Brexit treaty’s Northern Ireland protocol June 8, 2021 The EU has warned Boris Johnson that the bloc is ready to act “firmly and resolutely” to ensure the UK abides by its commitments in the Northern Ireland Protocol, as part of the UK-EU Brexit deal. The UK is unilaterally planning to extend a “grace period” to allow Northern Irish shops to continue selling chilled [...]
UK to see ’employment boom’ as lockdown restrictions ease June 8, 2021 Employers plan a huge recruitment drive, fuelled by the easing of lockdown restrictions, according to a new report out this morning.
Inflation could reach three per cent this year, says Janet Yellen June 7, 2021 The US Treasury Secretary has said inflation could reach as high as three per cent this year as the economy rebounds from the worst of the pandemic. “We have in recent months seen some inflation, and we — at least on a year-over-year basis — will continue, I believe through the rest of the year, [...]
‘Stablecoin’ payments must be regulated like banks, says Bank of England June 7, 2021 The Bank of England has said payments made with ‘stablecoin’ should be regulated in the same way as payments made by banks if they become widely used. Stablecoins are a type of cryptocurrency usually pegged to a traditional currency and thus are intended to avoid the volatility usually associated with crypto. “The prospect of stablecoins [...]
Bank of England Governor Andrew Bailey doubles down on climate plans June 1, 2021 The Bank of England Governor has doubled down on promises to carry out policies to help the UK shift to a net zero economy, but warned it was not regulators’ role to enforce change. Central banks have started to outline plans to help steer the path for economies and financial systems as they transition to [...]
Bank of England carefully monitoring rising house prices, says Cunliffe June 1, 2021 The Bank of England is carefully monitoring the rise in house prices which has been largely fuelled by the extension of the stamp duty holiday. A year ago activity in the housing market collapsed in the wake of the first lockdown with transactions dipping to a record low of 42,000 in April 2020. Since then [...]
City A.M. TV: A Market Snapshot June 1, 2021 Market snapshot: Many key global equity markets have been tracking sideways, consolidating their gains in recent weeks.
Artificial Intelligence, Social Media, and the Future of Investing June 1, 2021 | City Talk Witnessing the recent GameStop event, it was clear that for better or worse, the little guy, or many, many little guys, had briefly beaten Wall Street at its own game. While GameStop was fuelled primarily by the collective action of many, the voice of only one person, echoed by others, can have similar influence. For [...]
UK economy set to grow 7.2 per cent this year, OECD forecasts May 31, 2021 The UK’s economy is set to grow at its fastest rate since the second world war this year and in 2022, the Organisation for Economic Co-operation and Development (OECD) has forecast. After the Covid-19 ravaged economies, the UK suffered a 9.8 per cent contraction in 2020 – its worst in nearly 300 years. The organisation [...]