No Britcoin crypto: House of Lords says no to digital pound but Bank of England undeterred despite run on cash warning January 13, 2022 A bank run during economic downturns is a realistic scenario if an official British digital currency were to be created, a committee of peers has warned. The Lords Economic Affairs Committee said that the introduction of a central bank digital currency (CBDC) could pose “significant risks” in the UK. Bank of England officials are currently [...]
Wizz Air issues new €500m bond at minimal premium to repay Bank of England financing January 13, 2022 Wizz Air Holdings (Wizz Air) has issued a €500m bond at minimal premium to pay off Bank of England financing.
Employers still bumping pay despite labour squeeze cooling January 13, 2022 Employers in London and across the UK are still having to offer attractive pay packets to lure workers despite the labour squeeze easing, reveal fresh figures released today. The rate of decrease in the pool of available candidates slowed at the tail end of last year, boosting labour supply, according to research carried out by [...]
Westminster unconvinced by Britcoin, reveals report January 13, 2022 Peers remain unconvinced of the benefits of Britcoin, an electronic version of the pound backed by the central bank, according to a report.
Near-four decade high US inflation print piles pressure on Federal Reserve to act January 12, 2022 Inflation in the US is roaring at the fastest rate since 1982, piling pressure on the Federal Reserve to act now to tame the soaring cost of living across the pond. Prices are seven per cent higher than they were a year ago in December, according to official statistics published by the US Bureau of [...]
Dining Diary: A tasting in Sky Garden showcased Great British wine January 12, 2022 I always recommend the Sky Garden to anyone visiting London. It has 360 degree views across our glorious city, with three bars, two restaurants and plenty of space to meander through the indoor garden or on the outside balcony. Fenchurch is the fancier of the restaurants, sporting its own wide terrace where I sipped Simpsons [...]
Exclusive: ‘Omicron is a reminder the world is only as good as the weakest link in the vaccination chain,’ says abrdn exec January 11, 2022 Ongoing inflationary shocks, questions around interest rates and the emergence of the new Omicron Covid variant are all making navigating uncertainty more challenging. Nonetheless, when we look beyond the headlines, there remain some reasons for optimism going into 2022, according to Richard Dunbar, head of multi-asset research at global investment giant abrdn. Square Mile-based Dunbar [...]
OECD inflation scales to 25-year high as cost of living crisis sweeps across rich nations January 11, 2022 Inflation among the world’s top economies has soared to its highest level in 25 years, according to fresh figures released yesterday. The cost of living scaled to 5.8 per cent in November on an annual basis across countries that make up the Organisations for Economic Co-operation and Development (OECD). Inflation was driven higher by a [...]
Premiership Rugby: Cap changes hint at continued silly signing season January 11, 2022 Not often will you find a top quality rugby player moving from one club to another mid-season, even less frequently will you find them doing it at any point for anywhere near the value of a football transfer. That said, every few years there’s a seemingly silly season of signings where some of the best [...]
FTSE: Markets heading for higher open today after NASDAQ recovers from 10-week lows January 11, 2022 Of the six trading days so far of 2022 the Nasdaq 100 has declined for four of them, falling to a 10-week low yesterday and into correction territory in the process, although it was able to finish slightly higher on the day, as buying interest started to come back in. On that score it was [...]