Energy crisis will stretch into spring with Ofgem expected to hike household bills by £700 December 21, 2021 The energy crisis will extend into next year with UK households facing a “painful” £700 increase in energy bills, warns Investec.
Jack Dorsey says Bitcoin will replace the dollar as he trashes Web3.0 December 21, 2021 Former Twitter chief Jack Dorsey caused a stir on the social networking site he helped to found by sharing his thoughts on crypto and Web3.0.
UK government interest bill swells at fastest rate in over a decade December 21, 2021 Soaring inflation is swelling the government’s interest bill at the fastest rate in over a decade, reveal official figures published today. Interest payments on debt held by the government climbed over £15bn, or 54.1 per cent, over the last financial year to November, the fastest rate of acceleration since 2010, according to the Office for [...]
A34 and M4 crowned the UK’s most congested roads December 21, 2021 Hampshire’s major road, the A34, was crowned today the UK’s most congested, with an average delay of 70.7 seconds per car per mile. According to Office for National Statistics data gathered between 2017 and 2020, the A34 was closely followed by Hounslow’s M4 westbound within J1 and J2, with an average waiting time of 70.1 [...]
Fuller’s closes London pubs blaming ‘pitiful’ government support December 21, 2021 Pub chain Fuller's has been forced to close its busy London pubs 'indefinitely' blaming a lack of government support for the limping hospitality sector.
UK hits highest borrowing to GDP ratio since the 60s December 21, 2021 The UK borrowed a further £17.4bn in November, bringing the overall borrowing to GDP ratio to levels not seen since the 1960s. Net debt now sits at 2,317bn, around 96.1 per cent of GDP. While it is around £5bn less than November last year, the figure is also the second-highest November borrowing on record, the [...]
Omicron fears set in at British firms as UK economy hurtles toward contraction December 21, 2021 Omicron fears are embedding into British businesses in a sign that the UK economy is headed for a period of contraction, reveals a new study released today. Business confidence dropped to 32 per cent in early December, down from 40 per cent in just a matter of days from late November, according to Lloyds Bank. [...]
Lockdown: PM ‘will rule nothing out’ in fight against Omicron December 20, 2021 The Prime Minister has said the government "won't hesitate to take action," as reports of an upcoming lockdown continue to swirl.
London markets tumble on imminent circuit breaker lockdown concerns December 20, 2021 London markets tumbled today on concerns fresh restrictions to curb the spread of Omicron are about to hit England. The capital’s premier FTSE 100 index slid 0.99 per cent, closing at 7,198.03 points, while the mid-cap FTSE 250 index, which is more aligned to the health of the UK economy, finished 1.01 per cent lower [...]
Oil prices collapse as Omicron sweeps across globe December 20, 2021 Oil prices slid today as traders dumped holdings on fears the rapid spread of Omicron will severely curb demand for the commodity. The world’s leading international benchmarks, WTI and Brent Crude, collapsed 5.14 per cent and 4.45 per cent respectively. Concern that major oil consuming countries are headed for tougher restrictions on economic activity to [...]