Office for Budget Responsibility warns household energy bills could double this year March 23, 2022 Energy bills could spike 40 per cent this winter, warned the OBR, placing further pressure on cash-strapped households.
Cardano’s ADA back on the up after breaking $1 mark for first time in a month March 23, 2022 Cardano has heaved itself back over the dollar mark after an impressive 10 per cent surge in upward movement today.
Anatoly Chubais: Top Russian envoy steps down and leaves the country after criticising war in Ukraine March 23, 2022 A senior and respected Russian official has stepped down from his role of climate envoy and left the country, after opposing Vladimir Putin’s war in Ukraine. Anatoly Chubais quit Moscow this week according to Bloomberg, becoming the highest-ranking person to get out since the start of the war last month. This comes after Russia was [...]
Abrdn urges housebuilders to go further than legal requirements in coughing up cladding cash March 23, 2022 FTSE 100 asset manager Abrdn has called on housebuilders to do more than the bare minimum to foot the bill to fix blocks with unsafe cladding. According to a report from Sky News, the City investor has written a letter to big players in the construction sector, urging them to do more than they are [...]
UK households to be saddled with heaviest tax burden since 1940s March 23, 2022 UK households are set to be saddled with the heaviest tax burden since the 1940s even when Chancellor Rishi Sunak’s income tax cut and national insurance tweaks are baked in. Britain’s fiscal watchdog is forecasting the tax burden to hit 36.3 per cent in four years’ time, it said in fresh forecasts published today. The [...]
US activist pushes TP ICAP to sell after “disastrous” slide in share price March 23, 2022 A US activist investor is pushing the board of UK brokerage and trading giant TP ICAP to sell the firm after what it describes as a “disastrous” decline in its share price.
Spring statement: OBR slashes economic growth forecasts on Russia-Ukraine war inflation spike March 23, 2022 The UK’s fiscal watchdog has slashed its forecasts for economic growth this year driven by the Russia-Ukraine war sending inflation spiking. The Office for Budget Responsibility (OBR) is expecting the UK economy to grow 3.8 per cent this year, down from six per cent in its previous forecast. Russian President Vladimir Putin’s decision to send [...]
Ministry of Defence calls on YouTube to axe Ben Wallace hoax call March 23, 2022 The Ministry of Defence have called on YouTube to remove videos of a hoax call to defence minister Ben Wallace.
As it happened: Rishi Sunak’s Spring Budget 2022 March 23, 2022 Live updates and links to all our coverage, reactions and analyses as the Chancellor of the Exchequer, Rishi Sunak, delivers the government’s Spring Budget for 2022 . Please do get in touch and let us know your opinion via news@cityam.com or @Cityam With the cost of living crisis, rising inflation, war in Ukraine and [...]
City A.M. Awards 2022: Law Firm of the Year March 23, 2022 The City is back, and so are the City A.M. Awards, recognising the best of the Square Mile, Canary Wharf and London’s business community – which has shown shown resilience, innovation and adaptability like never before over the past year. We’re delighted to host what will be a wonderful celebration of the capital’s rebound, but [...]
