Oil suffers biggest drop in five weeks as Federal Reserve signals more interest rate hikes March 10, 2023 Oil is heading for its biggest weekly loss in five weeks, fuelled by investor fears over steep interest rate hikes in the US.
Housebuilder Berkeley on track to post £600m profits despite Truss’ mini-budget shocks March 10, 2023 Housebuilder Berkeley said it was on track to post a boost in pre-tax profits for the full year despite demand failing to fully recover from the shocks which came in the wake of Liz Truss’s disastrous mini-budget. In a trading update this morning, the FTSE 100 firm said it expects to deliver a pretax profit [...]
Boris Johnson should ‘absolutely not’ hand honour to his dad, immigration minister Jenrick says March 10, 2023 Immigration Minister Robert Jenrick has said prime ministers should “absolutely not” hand honours to family members in response to reports Boris Johnson plans to include his father on his resignation honours list. Appearing on BBC Question Time on Thursday night, the Conservative MP was prompted to address the topic when a member of the audience [...]
UK economy ‘bounces back’ in another signal a recession is off the table but experts warn of stagnation March 10, 2023 The UK economy “bounced back” from a sharp contraction over Christmas and is holding up better than feared in another sign the country could avoid a recession, official figures out today show. Gross domestic product (GDP) jumped 0.3 per cent in January, better than the consensus forecast of 0.1 per cent growth, according to the [...]
Food shortage: Tomatoes are back on the menu as supermarkets begin to lift customer limits on fruit and veg March 10, 2023 Supermarkets have started to drop customer limits on buying certain fresh fruit and vegetables as food shortage issues that led to widespread shortages begin to ease. Asda confirmed it had removed limits of three on cucumbers, lettuce, salad bags, broccoli, cauliflower and raspberries, leaving restrictions of three on just tomatoes and peppers. The supermarket said [...]
Wall Street stocks tumble: Why Bank of America and Citigroup have been hardest hit after Fed chair Powell’s testimony March 10, 2023 Stocks stumbled on Wall Street on Thursday and added to the week’s losses as markets remain anxious about the prospect of more aggressive action by the Federal Reserve to fight inflation. Major indexes started the day higher and gradually lost ground until they fell sharply in late trading. The S&P 500 fell 73.69 points, or [...]
Give Great British Nuclear the funding it needs to revive declining sector, industry boss warns March 10, 2023 Jeremy Hunt needs to provide more clarity over the funding of Great British Nuclear in the budget next week, says industry boss.
Start-up tax pain could scupper Rishi Sunak’s science superpower dreams, investors warn March 10, 2023 Further tax pain inflicted on the UK’s start-ups could scupper Rishi Sunak’s tech and science superpower plans, venture capital firms have warned. The warning comes as Jeremy Hunt prepares to announce his first full budget next week. Start-ups have piled pressure on Hunt to reverse changes to research and development tax credits announced in the [...]
Stop blaming bad weather for empty shelves, it’s a lack of competition in the food industry March 10, 2023 Supermarkets up and down the country have blamed bad weather for empty shelves, but monopolies in the food industry have left supply chains more and more fragile, writes Nick Dearden.
Over 50s aren’t staying out of work because they’re sick – it’s because they’re rich March 10, 2023 Britain’s stagnant workforce, with 270,000 economically inactive over 50s, is keeping our productivity down. But to get them back in the labour market, we need to let them stay out of the office, writes Ben Cope.
