UK exports to provide £176bn boost despite supply chain challenges December 9, 2021 UK manufacturing exports will bring in £176bn to the domestic economy, according to new research from financial giant Barclays.
Severe imbalances in jobs market are ‘unsustainable’ for businesses December 9, 2021 Severe imbalances in the UK jobs market are “unsustainable” for businesses and will clamp down on Britain’s recovery from the pandemic, according to a new report released today. Red hot demand for workers is rubbing up against weak supply, causing wages to lift off, research by consultancy KPMG and the Recruitment and Employment Confederation (REC). [...]
Weaker spending to weigh on UK economy next year December 9, 2021 Weaker consumer spending and downbeat trade will cause the UK economy to expand at a slower pace than expected next year, according to a new report released today. The British economy will grow 4.2 per cent next year, a downward revision from 5.2 per cent, according to projections made by the business group the British [...]
Goldman Sachs: Bank of England to hold off on hiking rates until February December 8, 2021 Goldman Sachs have reined in their bet on the Bank of England hiking interest rates at their next meeting due to uncertainty over the trajectory of the Omicron variant. The Wall Street giant had previously expected the Bank to raise rates 15 basis points at its next meeting of rate setters on 16 December. However, [...]
Crypto chief executives testify on Capitol Hill as US mulls regulation December 8, 2021 The chief executives of the biggest firms in the crypto space including Coinbase, FTX and Bitfury have been called to testify before congress.
OneWeb moves satellite production to the UK injecting £2.3bn into space sector December 8, 2021 Taxpayer-backed satellite operator OneWeb has announced this afternoon that it plans to spend $3bn (£2.2bn) to move manufacturing from the US to the UK.
NFTs – the death knell of mortgages? December 8, 2021 The advent of blockchain, distributed ledgers and automated market makers has now allowed the exchange of titles instantly with 100 per cent surety on their authenticity at all times.
The City View: December 7: Interest rates and the future of SSE December 7, 2021 In today’s episode, City A.M. editor Andy Silvester sits down with economics and markets correspondent Jack Barnett to read the runes on the latest economic data and what it might suggests about the Bank of England’s next move. Andy also looks at new house price numbers, trouble with activists at SSE and growing activity from [...]
Gibraltar to integrate blockchain into government systems December 7, 2021 The government of Gibraltar has today announced plans to use blockchain technology to help with the delivery of public services.
Outlook 2022: Global economy December 7, 2021 2022 is set to be another good year for growth, albeit the recovery is likely to remain unbalanced. Anticipated withdrawal of emergency levels of support will play important role in shaping outlook. Risks include higher-than-expected inflation and weaker growth. The emergence of the Omicron Covid variant has reminded us of the uncertainties which remain around [...]