Andrew Bailey dismisses banking volatility as ‘testing out’ but stresses BoE remains ‘vigilant’ March 28, 2023 Andrew Bailey today dismissed recent volatility in the banking sector as “testing out” firms although he stressed that officials in the UK remained “very vigilant” for further signs of friction. Responding to a grilling by MPs on the treasury committee, the governor of the Bank of England said “there’s been quite sharp moves in markets [...]
Tax year end: Six ways to invest a £100,000 bonus March 28, 2023 Next week marks the end of the 2022/23 tax year, with midnight on 5 April the deadline for using available tax-free savings and investment allowances. Last December saw city workers awarded bumper bonuses and seven in ten City workers still expect their bonus to be as large as – if not ‘larger’ or ‘significantly larger’ [...]
Analysis: Is Michael Gove going to war with landlords? March 28, 2023 Michael Gove has accused “unscrupulous” landlords of using no-fault evictions to jack up rents.
Supermarket wars: Lidl and Aldi gain ground on Tesco as bargain-hunting Brits battle grocery inflation March 28, 2023 Lidl is the UK’s fastest growing supermarket as bargain-hunting Brits turn to the discount grocer during the cost of living crisis. With grocery inflation now at 15 per cent, new figures published by Kantar this morning show value outlets have seen an uptick in sales last month. Sales in the German supermarket Aldi rose 25.8 [...]
If not quite still king, cash still matters to millions March 28, 2023 Lord Holmes explains that, while the future of money is clearly digital, its delivery must also be inclusive.
Start-up apocalypse? Cash crunch could wipe out venture-backed firms this year, Morgan Stanley warns March 28, 2023 Start-ups backed by venture capital (VC) could be wiped out in droves this year as cash dries up and investors turn off the taps, analysts have warned.
UK urges Israel PM Netanyahu to seek ‘long term compromise’ on reform plans as thousands strike and protest March 28, 2023 Israeli prime minister Benjamin Netanyahu on Monday announced a delay in his judicial overhaul plan, saying he wanted to give time to seek a compromise over the contentious package with his political opponents. He made the announcement after two days of large protests against the plan. “When there’s an opportunity to avoid civil war through [...]
Bitcoin and wider crypto markets down as US regulatory pressure continues March 28, 2023 Bitcoin is trading for $26,900 this morning and most other coins are down as the US regulatory action against crypto continues.
Bellway: How a spring uplift in the property market is giving housebuilder cause for optimism March 28, 2023 Bellway has said homebuyer demand has started to improve after seeing reservations plunge by nearly 50 per cent due to soaring mortgage rates. The housebuilder group, whose headquarters are in Newcastle, reported underlying pre-tax profits falling 4.6 per cent to £312.1 million for the six months to January 31. It delivered record revenues, up 1.6 [...]
Twitter shakeup: What features will Elon Musk scrap for users who refuse to pay for a tick? March 28, 2023 Twitter is set to scrap features for users who do not pay a monthly fee for a blue tick verification, according to new rules shared by billionaire owner Elon Musk. Users of the social media platform who want to remain verified can pay up to 11 US dollars (£8.93) a month as part of Mr [...]
