Would crypto regulation mark the end of a libertarian fantasy? April 20, 2022 Ben Richmond, CEO of CUBE, asks what impending cryptocurrency regulation would mean for libertarian ideals.
33 reasons not to invest in the stock market April 20, 2022 Wars, natural disasters, economic strife, and pandemics – the last four decades have challenged and affected people’s attitude towards investing. In many cases they make an already tough decision to commit your money to investments even harder, leading some to not invest at all. Behavioral scientists have a name for this: loss aversion. They estimate [...]
Why the egg wars show Bank should be no chicken April 19, 2022 It may lack some of the nautical drama of the Cod Wars but the egg wars – fought not between Iceland and the UK but supermarkets and their suppliers – is perhaps going to have a longer-lasting impact, at least for those of us who aren’t Reykjavik-based pescatarians. In short, a combination of input costs [...]
Cost of living crisis to throttle UK economic growth, IMF warns April 19, 2022 A historic cost of living crunch that is being stoked by Russia’s invasion of Ukraine and strict lockdowns in China will disrupt Britain’s road to recovery, fresh forecasts published today by the world’s economic watchdog revealed. UK households are set to slash spending in response to rampant inflation eroding their living standards rapidly, choking growth [...]
New law to protect family savings set to be unveiled this week April 18, 2022 New laws to protect shoppers’ money in savings clubs are to be announced by the government this week. Savings clubs allow shoppers to pay for goods and services in instalments throughout the year, instead of in one go. These savings are currently not protected as they would be in a bank account by the Financial Services Compensation Scheme. However, [...]
Bank of England reveals it used to own hundreds of slaves April 16, 2022 Research by the Bank of England uncovered that the Threadneedle St institution owned 599 slaves in the late 18th century. A new exhibition – titled Slavery & the Bank – outlines how the names of slaves were found in an inventory from 1788. After a debtor defaulted in the 1770s, they handed over two plantations in [...]
Fuel supplies drop as Brits prepare for Easter break chaos April 14, 2022 Petrol and diesel supplies have dropped around the country as millions of Brits get ready for the Easter bank holiday. According to data from the Department for Business, Energy & Industrial Strategy, stock levels of petrol in eastern England were around 19 per cent, while in the south-west and London stationed around 21 and 22 [...]
The City View: Rob Appleby, CIO of the Cibus Fund, on the future of food, food tech, and supply chain disruption April 13, 2022 Today Andy Silvester chats to Rob Appleby, co-founder and Chief Investment Officer of the Cibus Fund, a London-based private equity platform focused on investments in sustainable food and agriculture. They go through the tech revolution in farming; why we should rethink the production of food; the impact of Russia’s invasion of Ukraine on the global [...]
Pressure builds on Bank of England to tackle 30-year high inflation print April 13, 2022 Pressure on the Bank of England to get serious about tackling historic high inflation intensified today as analysts warned the cost of living could reach double digits this year. Prices are already rising at the fastest pace since 1992, climbing seven per cent over the last year, according to figures released by the Office for [...]
Is the yield curve signalling recession? April 13, 2022 The US “yield curve”, or part of it, has “inverted” once more. This bond market measure has been a reliable predictor of US recessions over the last four decades. With only one exception, each time the yield curve has inverted, the US economy has entered a downturn within 18 months. What is the yield curve? [...]