Food inflation slumps to lowest level this year but experts caution against declaring victory yet August 1, 2023 Food inflation has slipped to its lowest level this year and has fallen for the third month in a row, an encouraging signal that suggests the UK is through the worst of the cost of living crisis, a new survey out today shows. The cost of groceries climbed 13.4 per cent over the year to [...]
Trade bodies back government’s embrace of North Sea oil and gas industry August 1, 2023 Trade bodies across the energy industry has welcomed the government's decision to support the North Sea's oil and gas sector.
Tighter interest rates and inflation clobber UK business confidence August 1, 2023 Higher interest rates and elevated prices have thrown a wet blanket over UK business optimism, according to surveys out today. Confidence as measured by the lobby group the Institute of Directors (IoD) was largely unchanged last month at minus 30 points, up marginally from June’s minus 31 point reading. It solidifies signs that pessimism is [...]
Are central banks to blame for the inflation crisis? August 1, 2023 As we enter what looks like the final leg of central banks’ interest rate rising journeys, it’s as good a time as ever to trace why they have been jolted into action after over a decade of ultra loose policy and whether their response to the inflation crisis has been effective. Coming out of the [...]
The Notebook: Ian Whittaker on S4’s bad luck, a surprising election forecast and the unbeatable pull of strong brands August 1, 2023 Where the City’s movers and shakers get some things off their chest. Today it’s Ian Whittaker, founder of Liberty Sky Advisors S4’s latest woes are down to bad luck, not bad judgement The Q2 results season is in full swing and, so far, it is fair to describe the season as better than expected. The [...]
The tide is finally turning on working from home – and so is the evidence August 1, 2023 It’s an open secret. We all work a little less hard when we work from home. Anecdotally, we’ve all heard someone quip, “it’s alright, I’m working from home tomorrow”, as they make a beeline for the bar to order the fourth round of drinks during a midweek evening pub session. But now there’s a new [...]
Want to find freedom? It’s in net zero and low traffic zones, not Thatcher’s old car August 1, 2023 Blowing up the green agenda won’t give us freedom, it will tie us to a future which is already out-of-date, writes Ben Ramanauskas
Banks and watchdog exploring expanding open banking to savings accounts to boost competition August 1, 2023 Banks have committed to explore the expansion of open banking into the savings market, the City watchdog revealed yesterday. In its report on the savings market, the regulator confirmed that banks and building societies have committed to explore how investment in open banking can be used to support savings customers. This includes carrying out a [...]
Government confirms new taskforce to ramp up nuclear skills August 1, 2023 The government has announced a new taskforce geared towards boosting skilled workers in the defence and civil nuclear sectors.
Long-term Bitcoin holders gain ground as Worldcoin launches and SEC ponders XRP legal challenge July 31, 2023 Data from CryptoCompare shows that the price of the flagship cryptocurrency Bitcoin (BTC) moved mostly sideways throughout the past week.
