UK firms to launch price hike spree as Bank of England prepares to lift rates again March 14, 2022 A record proportion of UK firms are preparing to hike prices in a further sign of the scale of inflationary pressures sweeping throughout the economy, reveals a closely watched survey released today. The fresh figures provide further incentives for the Bank of England to hike interest rates for the third meeting in a row when [...]
US Federal Reserve to hike rates for first time in over three years March 14, 2022 The US Federal Reserve will hike interest rates for the first time in over three years on Wednesday as the central bank takes the first step in shifting policy from supporting the American economy through the pandemic to taming runaway inflation. Fed Chair Jerome Powell and the rest of the Federal Open Market Committee (FOMC) [...]
Price pinch: Most Brits financially struggling or worried as inflation rises and Ukraine war rages March 14, 2022 Almost 60 per cent of Brits either struggling financially, or concerned about money in the near future, due to Russia’s war in Ukraine and the cost of living crisis. The economic effect of the conflict has exacerbated the rise in energy and food, against the backdrop of increasing inflation, which is set to exceed the [...]
‘Putin go F*** yourself’: Squatters occupy oligarch’s London mansion March 14, 2022 Squatters have occupied a mansion in London believed to be owned by a Russian billionaire who was sanctioned by the UK government last week.
Chicken boss warns food prices could rise 15 per cent this year amid war in Ukraine March 14, 2022 A food industry leader has warned prices could rise up to 15 per cent this year as a result of Russia’s invasion of Ukraine. 2 Sisters CEO Ronald Kers told the BBC’s Today programme it had already been forced to pay 50 per cent more for the chicken it receives from farms. Russia and Ukraine [...]
New business growth in London at eight year high amid concern about inflation and input costs March 14, 2022 New business activity in the capital has reached an eight-year high, but optimism remains cautious with rising inflation and pressures on input costs. There has been a resurgence in trade across the London, with growth rising from 57.3 per cent in January to a three month high of 63 per cent, in February. Growth reported [...]
Bank of England calls on crypto firms to impose sanctions March 13, 2022 The UK's central bank has called on firms to ensure sanctions are enforced amid the conflict between Russia and Ukraine.
Week ahead: City eyes jam-packed week of economic data and announcements March 13, 2022 Investors’ focus on developments in the Russia-Ukraine conflict may be pulled away by a week of jam-packed flagship economic announcements and data. Last week was an extremely volatile one for London’s premier FTSE 100 index, swinging from a low of 6,674 to a high of 7,672. It eventually finished up 2.41 per cent. Wild market [...]
Letters: Making the most out of crypto March 11, 2022 [Re: Biden signs executive order on crypto amid surging US adoption, March 9] Is Biden beckoning the beginning of the end for “wild west” crypto markets? The executive order hints at more regulation of digital assets, which has implications for how institutions engage with the burgeoning asset class. For example, quant driven hedge funds running [...]
House completions for properties outside London up by staggering 667 per cent March 11, 2022 There has been a significant spike in house completions for properties outside of London and Manchester with some areas having up to a 667 per cent rise. Apart from England’s two main population centres, the top 10 growth areas were in outlying towns, new figures from Paragon Bank shows. Milton Keynes led the way, experiencing [...]