UK inflation jumps to 5.4 per cent: Highest rate in almost 30 years January 19, 2022 The rate of Consumer Price Index inflation increased to 5.4 per cent in December from 5.1% in November, the Office for National Statistics has said. Grant Fitzner, chief economist at the Office for National Statistics (ONS), said: “The inflation rate rose again at the end of the year and has not been higher for almost [...]
Think tanks warn government to stop meddling in energy market January 18, 2022 The government should reconsider plans to further interfere in the domestic energy market argues multiple free market think tanks.
Strong jobs market print fails to dampen inflation fears on London markets January 18, 2022 Inflation jitters spreading throughout the City led London markets sharply lower today. The capital’s premier FTSE 100 dipped below the 7,600 mark by closing the day down 0.63 per cent, while the domestically-focused FTSE 250 fell 0.96 per cent to 22,652.71 points. Figures released by the Office for National Statistics (ONS) today revealed the unemployment [...]
Brits’ living standards eroded by inflation spike casting doubt over economic recovery’s strength January 18, 2022 An inflation squeeze that is choking Brits’ pay packets is threatening to throttle the consumer led recovery. Brits’ take home pay is being corroded by the cost of living spiralling to the highest rate in recent history, revealed figures published yesterday by the Office for National Statistics. The damning data comes as the City braces [...]
Ex-BoE governor unconvinced of case for Britcoin January 18, 2022 Former Bank governor Mervyn King remains unconvinced of the case for Britcoin, a digital currency backed by the UK's central bank.
Oil prices climb to seven-year highs with OPEC bullish amid tightening supplies January 18, 2022 Oil prices rose to seven-year highs today, with both major benchmarks rallying amid tightening supplies and festering geopolitical tensions.
Bulb Energy: What comes next for the fallen energy firm? January 18, 2022 The administrators of Bulb and its parent company are targeting a sale this spring after it fell into taxpayer-supported administration last winter.
Gas price crisis claims latest victim as Together Energy goes bust January 18, 2022 Council-backed energy supplier Together Energy has ceased trading with immediate effect amid soaring wholesale costs.
Industry experts welcome UK crackdown on crypto adverts January 18, 2022 Crypto companies and legal experts have welcomed news that the UK government will crackdown on advertisements for digital assets.
Crypto company BitMEX makes bid for one of Germany’s oldest banks January 18, 2022 Bitmex has announced plans to snap up Germany's 268-year-old Bankhaus von der Heydt to create a digital assets "powerhouse" in Europe.