Just eight per cent of voters credit Sunak with falling inflation, poll finds August 21, 2023 Just eight per cent of voters believe the government can be given credit for the recent fall in inflation, polling by YouGov has revealed. Inflation dropped to 6.8 per cent last month, which Prime Minister Rishi Sunak claimed showed his plan was working. Sunak made five key pledges to the public in January, including vowing [...]
The Notebook: Susannah Streeter on the parenthood trap, stripped-back burgers and the terrible trend of pub queues August 21, 2023 Today, it’s Susannah Streeter, head of money and markets at Hargreaves Lansdown, holding the City A.M. pen The pricey parenthood trap I congratulated my 40-something friends and new parents who took on the daunting task of moving house with their baby last week. It’s a challenge we recklessly took on ourselves, almost 17 years ago [...]
Rishi Sunak says we’ll feel better off next year – but is the PM right? August 18, 2023 Rishi Sunak has pledged Brits will all feel better off next year, as he said he “passionately believes” he can bring down inflation and ease the cost of living crisis. Speaking to the Times, the prime minister vowed to be disciplined on public spending and tax rates in a bid to revive the UK’s economic [...]
July washout drags retail sales down 1.2 per cent as supermarkets and high street hit August 18, 2023 July’s awful weather dragged down UK retail sales by 1.2 per cent, as supermarkets suffered the most from the washout with Brits not splashing cash on food and clothes. The latest figures from the Office for National Statistics (ONS) show retail sales volumes in July went down following a small rise of 0.6 in June, [...]
The Ned set to open new rooftop outpost in Washington D.C. August 18, 2023 Soho House is set to open its fourth iteration of The Ned, the City favourite, this time in Washington D.C., according to reports. The Wall Street listed clubs operator has teamed up with the ‘junk bond king’ Michael Milken to split the near £1bn cost of a larger development which will see The Ned occupy [...]
‘Greedflation’ not behind UK price rises, new data indicates August 17, 2023 Corporate profiteering, or ‘greedflation’, is not the driving force behind UK price rises, new data out today indicates. The profitability of private non-financial corporations grew by 0.1 per cent between the last quarter of 2022 and the first quarter of 2023, the Office for National Statistics (ONS) reported. It found that the net rate of [...]
No Degree? The Good News Is Skills-Based Hiring Is On The Rise August 17, 2023 While you might think education or experience are what hiring managers focus on when recruiting new candidates, skills and ability are more important. That’s according to a recent global study which found that 76% of employers are now using skills-based hiring to pinpoint talent. The reason for this is manifold: 91.2% of employers saw an [...]
FTSE 100: London markets slip as investors fret over China and global slump August 17, 2023 The FTSE 100 has slipped lower at the open this morning as investors fret over the impact of inflation and a slowing global economy.
Rishi Sunak: Brits will never have it so good (next year) despite ‘real risk’ of recession August 17, 2023 Rishi Sunak has outlined his hopes to ensure Britons feel better off next year, amid warnings that the UK economy faces a “very real risk” of recession due to higher interest rates. The Prime Minister attempted to strike an optimistic tone when asked about efforts to tame inflation, as he said there is a need [...]
How is Sunak doing on halving inflation, cutting NHS lists and stopping boats? August 16, 2023 In January, Rishi Sunak unveiled the vision for his government. Five pledges; five clear goals; five ambitions for his ministers. His aim was clear: be seen as an effective, solutions-focused administration and, hopefully, reap the electoral rewards. “No tricks, no ambiguity; we’re either delivering for you or we’re not,” he vowed. Eight months in, and [...]