WhatsApp users in UK get new feature that allows Brits to ‘bundle’ group chats November 3, 2022 A WhatsApp feature that enables users to bundle several group chats together under the umbrella of a single topic and share updates across them all has gone live in the UK. First announced earlier this year and in testing since then, the Communities feature will allow users to organise different group chats together under a [...]
Homeowners told property values may get 11.3 per cent boost as Sunak restores stability November 2, 2022 The housing market could benefit to the tune of 11.3 per cent where house prices are concerned, as a result of the greater stability brought on by the appointment of Rishi Sunak as prime minister, a City firm told this paper today. Property lending agency Octane Capital analysed property market performance across the UK market [...]
Expensive bites for millions of Brits as food inflation soars to record 11.6 per cent November 2, 2022 With even basics such as tea bags, milk and sugar seeing significant price rises, food inflation has soared to a record 11.6 per cent in October. Overall shop prices are now 6.6 per cent higher than they were this time last year – also a record – but food inflation jumped well above September’s 10.6 [...]
Exclusive: Confidence in Bank of England hits rock bottom as investors call Bailey’s hiking cycle ‘wrong’ November 2, 2022 Investor confidence in the Bank of England is close to rock bottom as the country braces itself for an eighth successive hike in interest rates tomorrow. Nearly three in four investors feel the Bank had gotten its hiking cycle “wrong”, though respondents were sharply divided over whether rises had come too fast or too slow, [...]
Four new UK banking hubs planned following sector-wide deal November 2, 2022 It has been revealed that four new so-called ‘banking hubs’ will be created across England, with another six to receive support for business deposits, following a review of cash access. Banking hubs are similar to traditional bank branches but spaces are shared. They consist of a counter service operated by Post Office staff, where customers [...]
All market eyes on the Fed today as interest rates are set to rise by another 75bps November 2, 2022 While European markets started the month on a positive note, and look set to continue that vibe this morning, US markets lost their early momentum, finishing the session lower, after the latest job openings numbers, and ISM manufacturing report, showed that the US economy remained in decent shape, despite concerns over an economic slowdown. “We [...]
Hounslow is a hit among Singaporeans who act as £5.8bn supporting cast to Hong Kong homebuyer frenzy in UK November 1, 2022 While the bonus of the so-called BNO visa scheme has resulted in a high level of Hong Kong homebuyers making their way to the UK, it has emerged that a supporting cast from Singapore is also helping to drive market activity in Britain, with Singapore nationals sitting on a property portfolio to the tune of [...]
Ali Omari November 1, 2022 Ali Omari – In a recent article we said that a “fat finger” trade at Citi that wiped billions off European shares was carried out by unit overseen by Ali Omari, and that Mr Omari had lost his job as a result. This was incorrect. Mr Omari had no involvement in the trade – indeed he was on holiday [...]
UK’s £50bn black hole: Brits face a long, cold winter full of spending cuts and fresh tax hikes November 1, 2022 After barely a week in office, Rishi Sunak, the new Prime Minister, and his equally new Chancellor, Jeremy Hunt, are expected to move ahead with tax rises for millions of Brits. As early as next week, Sunak and Hunt will most likely extend a freeze on the thresholds at which people start to pay the [...]
Exclusive: 832,000 businesses face fines and missed VAT returns as new digital tax deadline is today November 1, 2022 UK VAT registered businesses who are yet to sign up for the so-called Making Tax Digital (MTD) by today will fall foul to non-compliance, penalties and an inability to file their VAT returns. The amount of businesses facing a default surcharge penalty is expected to significantly increase in November as a result of businesses being [...]
