Without Brexit, there would never have been a harsh austerity Budget this week, says BoE veteran November 15, 2022 The real reason Britain is facing harsh austerity measures is the UK’s departure from the EU, according to a senior economist. Former Bank of England interest rate policy maker Michael Saunders said that Brexit has ‘permanently damaged’ the UK’s economy. “The UK economy as a whole has been permanently damaged by Brexit,” said Saunders, who [...]
Inflation has peaked, but prices will stay higher for longer, analyst bets November 14, 2022 Inflation has peaked in the UK, but will take a long time to fall, a top investment bank has bet. New data out from the Office for National Statistics on Wednesday will show prices rose 10.9 per cent over the last year, according to Deutsche Bank. While above September’s 10.1 per cent reading and a [...]
FTSE 100 kicks off busy UK data week positively November 14, 2022 London’s FTSE 100 bounced higher today to kick off a hefty week of UK economic news. The capital’s premier index jumped 0.92 per cent to 7,385.17 points, while the domestically-focused mid-cap FTSE 250 index, which is aligned with the health of the UK economy, edged 0.03 per cent higher to 19,622.25 points. Investors are eyeing [...]
Lord Mayor says City must provide ‘financial resilience’ during UK recession November 14, 2022 The City must help provide “financial resilience” to help the UK get through the incoming recession, according to the new Lord Mayor of London. Nicholas Lyons, who is the 694th holder of the post, wrote in City A.M. today that “financial services industry must find ways to help people bridge this crisis by providing insurance [...]
Financial resilience will be the backbone to withstand a tough winter recession November 14, 2022 The financial services industry must find ways to help people bridge this crisis by providing insurance premium wavers, affordable credit, and debt repayment deferrals.
England do white-ball World Cup double as Stokes earns redemption November 13, 2022 England became the first men’s team to hold both the one-day Cricket World Cup and the ICC Twenty20 World Cup yesterday when they beat Pakistan by five weeks in front of 82,000 fans at the Melbourne Cricket Ground. It was the final that nearly never was given England’s poor Super12 stage and the threat of [...]
Aramco Team Series Jeddah: Schoolgirl Chiara Noja beats idol Charley Hull to title November 13, 2022 Women’s golf has a new star after 16-year-old Chiara Noja beat her idol, England’s Charley Hull, to win her first Ladies European Tour title at the Aramco Team Series Jeddah. The German schoolgirl shot a brilliant final round of 65 to finish tied with Hull on 13 under par and then made back-to-back birdies to [...]
Exclusive: North Sea firms urge Government to protect investment relief as windfall tax hike looms November 12, 2022 North Sea oil and gas producers are urging Government to ensure investment relief is continued in line with any windfall tax expansion.
Government goes head to head with Britain’s nurses: ‘Simply not affordable’ November 11, 2022 Prime Minister Rishi Sunak has dismissed pay demands from unions representing nurses across Britain, calling them “simply not affordable.” His remark comes as the threat of strike action that will hit operations and appointments looms. Sunak said he shared the public’s “respect and gratitude” for nurses, and that he was pleased the Health Secretary was [...]
GDP contracts: Economic growth grinds to a halt as UK reaches ‘dreadful’ recession November 11, 2022 The UK economy contracted by 0.2 per cent between July and September, compared to growth of 0.2 per cent in the previous three months, the Office for National Statistics said this morning. Commenting on the gross domestic product (GDP) figures that showed a 0.2 per cent contraction in the third quarter of the year, ONS [...]