Business and professional services boosts UK economic output in May May 30, 2021 The City of London’s dominant business and professional services industry put rockets under the UK’s private sector business activity in the three months to May, according to the latest CBI monthly gorwth survey. Business and professional services activity grew at a survey record pace, gorwing at a rate of 50 per cent, up from a [...]
UK mulls a carbon tax on polluting imports May 28, 2021 The Prime Minister is considering a carbon tax on imports that would hinder companies outsourcing their emissions and also protect farmers and local producers from being undercut from low-regulation rivals.
UK business optimism hits five-year high, so why has London slipped? May 28, 2021 Economic optimsim across the UK has reached its highest level in five year, but for some London businesses the reopening enthusiasm has waned.
MPC member: Smooth furlough transition could see earlier rate rise May 27, 2021 An interest rate rise could be necessary in the first part of next year if the UK’s transition out of the furlough scheme does not come with a hike in unemployment, a Monetary Policy Committee member said today. Dr. Gertjan Vlieghe said that he expected an interest rate rise to become appropriate “only well into [...]
BoE likely to hike interest rates next year, policymaker Vlieghe says May 27, 2021 The Bank of England is likely to hike interest rates “well into” next year although it could come earlier if the economy rebounds quickly, a policymaker has said. Gertjan Vlieghe, who is set to leave the Monetary Policy Committee in August, is one of the few BoE officials to speak publicly about interest rate rises. [...]
Service sector optimism grows at fastest rate on record May 27, 2021 Optimism over the future of the service sector increased at the fastest pace on record in the three months to May as the UK’s economic recovery from the pandemic gathered steam. According to the CBI’s latest quarterly Service Sector Survey, sentiment about the general outlook for the professional services sub-sector jumped from +23 per cent [...]
Refinitiv boss David Craig to leave London Stock Exchange May 26, 2021 London Stock Exchange Group today said David Craig, the boss of its Refinitiv data and analytics business, would depart at the end of the year
Federal Reserve strikes dovish tone to calm inflation fears May 26, 2021 The Federal Reserve last night reaffirmed its dovish approach to monetary policy, reassuring investors concerned about rising inflation. Fed vice chair Richard Clarida said the US central bank would be able to curb an outbreak of inflation and ensure a “soft landing” without hampering the country’s economic recovery. Fears have been mounting among investors about [...]
Using The Power of One to build public trust May 26, 2021 | City Talk Bill MacLeod CA, member of the ICAS Ethics Board, talks about putting ICAS’ The Power of One into practice and why it’s important for chartered accountants (CAs) to put ethics at the heart of their professional responsibilities. Bill was the Ethics Partner and Partner Responsible for Independence at PwC until his retirement in 2020. Since his retirement he has become a [...]
US businesses team up to oppose Biden’s tax rise proposals May 25, 2021 Business groups in the US have formed a coalition to oppose tax increase proposals by the Biden administration. The US government has proposed a global minimum corporation tax rate, as well as increasing tax payments in the US in order to pay for infrastructure projects. The tax proposals “could not come at a worse time”, [...]