Top City investor: Rate hikes and gilt spike WILL throw UK economy into recession May 26, 2023 A top Square Mile economist has warned that further rate hikes and the increasing price of government debt means the UK will struggle to avoid recession. Speaking to the BBC’s Today programme this morning, Abrdn’s investment director Luke Hickmore said that incomes were set to come “under a lot of pressure” after the Square Mile [...]
How Wall Street is preparing for worst-case scenario debt default May 26, 2023 Anxiety is increasing in parts of Wall Street that rely on Treasury securities to function, with some traders starting to avoid U.S. government debt that comes due in June and others preparing to deal with securities at risk of default. U.S. President Joe Biden and top congressional Republican Kevin McCarthy are closing in on a deal that would raise [...]
Gambling giants fined over promo messages to ‘excluded’ punters May 26, 2023 The gambling regulator has fined Paddy Power and Betfair £490,000 for sending promotional push notifications to customers who had signed up to exclude themselves. Paddy Power sent the offer of enhanced odds for a Premier League match between Tottenham Hotspur and Leeds United in November 2021 to devices that were either linked to accounts registered [...]
Ealing and Woolwich among Elizabeth line winners as house prices surge May 26, 2023 Boroughs located along the Elizabeth Line have seen a surge in house prices as the new line cuts City commuter times from areas like Ealing and Woolwich. As London battles a lack of supply, the quick transport links introduced by Crossrail have seen the price of homes in Ealing Broadway rise nine per cent in [...]
Nationwide to up mortgage rates as analysts predict further hikes May 26, 2023 Britain’s biggest building society is increasing some of its mortgage rates for new borrowing from Friday, saying this will ensure its rates “remain sustainable” in the current economic environment. The rate increases, of up to 0.45 percentage points, only affect customers taking out a new mortgage deal. For first-time buyers and those looking to move [...]
If we want to cut immigration, we have to be honest about the trade-offs May 26, 2023 From our universities, to our health service and the productivity of our economy, cutting immigration would change the structure of all of these and the workers we recruit, writes Ben Ramanauskas
Extending ULEZ is making criminals out of the leftie middle-class May 26, 2023 I’m as middle-class and suburban as it gets in London, but locals are planning a rebellion against ULEZ.
Our girls still aren’t confident to pursue careers as scientists and mathematicians May 26, 2023 The older girls get in high school, the less likely they are to pursue maths and science subjects, writes Kara Lynch, a nuclear physicist at the University of Manchester.
Asda owners tying up £10bn merger with petrol giant EG May 25, 2023 The billionaire owners of Asda and petrol giant EG are reportedly gearing up to tie a ribbon on their £10bn merger in Britain. The deal, which will create a cluster of 170,000 employees and revenues of £30bn, is set to be announced on Friday, according to reports in Sky News. If confirmed, the group will [...]
Man arrested after car crashes into Downing Street gates May 25, 2023 A man has been arrested after a car crashed into the gates of Downing Street. Police have cordoned off a large area on Whitehall, in Westminster, after the incident took place at around 4.20pm. Prime Minister Rishi Sunak is reportedly understood to be in No10 this afternoon. The BBC has reported that staff have been [...]
