Happy New Year: World says hello to 2022 as millions celebrate across the UK January 1, 2022 Millions of Brits welcomed the new year with confetti, drinks, fireworks and cheers across the UK. As the new year marched across the globe, time zone by time zone, tens of millions of people across the UK waited for 2022 to arrive in Britain, and it sure did when skies across the country were lit [...]
City winners: This year’s most popular funds and shares, which include BP, Rolls Royce, Tesla and Argo Blockchain December 29, 2021 DIY fund buyers didn’t get the memo that value investing is back in fashion, instead largely plumping for growth strategies over the course of 2021. “Success breeds success they say, and retail investors clearly have a high conviction that these funds will continue to prosper,” Laith Khalaf at AJ Bell told City A.M. as he [...]
Staggering 60 per cent of UK employees plan to find new job in 2022 with salary not the most important driver December 29, 2021 The so-called Great Resignation is set to continue into 2022, with a staggering 60 per cent of employees planning to leave their jobs in the next 12 months, according to a new survey shared with City A.M. This is largely a result of over 80 per cent of UK employees feeling less connected to their [...]
Poverty looms for millions of UK families as energy bills climb by £1200, inflation rises and taxes jump 1.25 per cent in 2022 December 29, 2021 Soaring energy bills, inflation and rising taxes are likely to lead to a ‘cost of living catastrophe’ for millions of UK families, an economic think tank warned this morning. The Resolution Foundation (RF) said from next April families would typically face a £1,200-a-year hit to their incomes as the energy price cap is raised and [...]
BAE Systems working to create £100m army of 1,700 apprentices and graduates in 2022 December 29, 2021 Almost 1,700 apprentices and graduates from across the UK will join defence giant BAE Systems next year. The company said this morning the creation of more than 900 apprentice and 750 graduate and undergraduate roles is the biggest intake of its kind the company has ever offered in a single year. Most of the roles [...]
HMRC did not issue a single Accelerated Payment Notice last year in sign controversial tax campaign may be waning December 29, 2021 HMRC’s controversial Accelerated Payment Notice campaign may be waning, according to new data. HMRC did not issue any Accelerated Payment Notices (APNS) last year, making it the first year none have been issued since they were introduced in 2014 as part of HMRC’s crack down on the use of tax avoidance schemes, according to research [...]
2021: Best year ever for UK tech sector with £26bn in VC, 116 unicorns, record London listings and more jobs December 28, 2021 The UK tech sector looks back on its best year ever, raking in £26bn in venture capital, record London listings, more jobs and the number of British unicorns climbing to 116. Success feeds cities outside London as Cambridge has become the leading regional tech city in the UK thanks to its combination of high levels [...]
Prime properties outside London surge at strongest pace in a decade with house prices in Cotswolds leading the pack December 28, 2021 New research shows this morning that prices of prime properties outside London have surged at the strongest pace in a decade during 2021. As house hunters looked for more space and made lifestyle changes, price growth across the prime housing markets outside London averaged 9.3 per cent over 2021, marking the strongest annual growth since [...]
Energy boss calls out government inaction ahead of crunch meeting December 27, 2021 The boss of Ovo Energy has called for urgent government action warning the current market structure "isn't fit for purpose."
2021 in review: Furlough is government’s big success story, but Rishi Sunak’s £69bn lifesaver comes at a price December 27, 2021 Furlough has become a household word in recent years. The scheme that protected the jobs of nearly nine million Britons at its peak has been hailed as the big success story of the Government’s Covid support measures as the jobs market rebounds at an impressive pace. The warnings of soaring joblessness that struck fear into [...]
