Dominic Raab quashes universal basic income proposal April 22, 2020 Dominic Raab has said the government will not consider a proposal put forward by 100 opposition MPs that calls for a universal basic income. Raab, speaking at Prime Minister’s Questions in replacement of Boris Johnson, said he “doesn’t agree” that the government should hand out universal income during the Covid-19 crisis. “The chancellor has quite [...]
It’s official: Coronavirus killed UK house prices’ Brexit recovery April 22, 2020 Signs of recovery in UK house prices at the start of the year have been brought to an abrupt halt by the coronavirus crisis. Figures from the Land Registry and the ONS show inflation fell back to 1.1 per cent in February after climbing to an eight-month high of 1.5 per cent in January. The [...]
Analysis: Why oil prices turned negative, and might do again April 22, 2020 On Monday night oil prices turned negative for the first time in history, as traders started paying to have barrels of oil taken off their hands due to the total collapse in demand caused by coronavirus. The unprecedented scenes were a result of a number of coalescing factors which created a situation in which buying [...]
FTSE 100 rises as investors look past tumbling oil prices April 22, 2020 The FTSE 100 has risen as investors look past the chaos in oil markets to signs that the coronavirus outbreak could be peaking and some surprisingly positive company results. Britain’s FTSE 100 stock index closed up 2.3 per cent this afternoon, at 5770.63. It had fallen around three per cent yesterday. European stocks were also [...]
David Buik: Tories could lose next election over coronavirus loans delays April 22, 2020 Top City commentator David Buik has warned the slow payment of coronavirus loans to businesses could mean the Tories lose the next election. The City of London’s veteran financial pundit has urged chancellor Rishi Sunak to “rethink” the government’s stance on loans to businesses hit by coronavirus, with UK lending far outstripped by other countries. [...]
BeIN Sports urges Premier League to block Saudi bid for Newcastle April 22, 2020 Broadcasting giant BeIN Media has urged the Premier League to block a proposed £300m Saudi takeover of Newcastle United amid concerns about “industrial scale” piracy. Newcastle owner Mike Ashley is said to be on the brink of accepting a takeover offer from a consortium backed by Saudi Arabia’s sovereign wealth fund. However, the chief executive [...]
Transport for London ‘in line for Tube bailout’ April 22, 2020 Urban transport operators including Tube operator Transport for London are in line for government bailout as the complete collapse in passenger numbers due to coronavirus raised questions over their survival. The Financial Times reported that Whitehall officials said that emergency funding could be released by the end of the week following negotiations. Passenger numbers have [...]
Fuel prices knock UK inflation rate down to 1.5 per cent in March April 22, 2020 The UK inflation rate fell 0.2 per cent in March to 1.5 per cent, as coronavirus restrictions hit fuel prices. A drop in the price of fuel and clothing resulted in the largest downward contribution to the change in the UK inflation rate between February and March. The rate marks eight consecutive months below the [...]
BEQUANT Insights expand partners… April 22, 2020 Based on research from Don Tapscott’s Blockchain Research Institute, BEQUANT will be providing insights into blockchain and digital asset technology, because our mission is to offer our clients, partners and market participants the best information possible, providing thought provoking insights and that competitive edge. Whether its Bitcoin or a Tokenized asset our mission is to [...]
How will Blockchain revolutionise financial services? April 22, 2020 In a recent PwC report, it was estimated that distributed ledger technology could reduce financial services infrastructure cost between US$15 billion and $20 billion per annum by 2022. This would positively impact both business and consumer banking in many unexpected ways. To truly understand the magnitude of the problem Blockchain can solve, one should look [...]
