Manufacturing deals rocket as businesses lock in wages amid inflation January 17, 2022 Pay settlements of up to 14 per cent have been agreed with manufacturers, as business and investors gear up for fresh inflation figures, with prices rising at more than double the Bank of England’s target rate.
Brits shrug off cost of living squeeze and rush to snap up homes January 17, 2022 Brits are shrugging off the cost of living crisis and higher mortgage costs and are rushing to snap up homes, reveals a new study published today. A housing market frenzy in 2021 triggered by the pandemic engineering a mass shift in housing preferences and the stamp duty holiday has bled into the new year. The [...]
Week ahead: City braces for more eye watering inflation data January 16, 2022 The City’s attention this week will zero in on latest UK inflation estimates published on Wednesday. Although experts expect the rate of price rises to remain broadly unchanged, investors are likely to gulp at inflation remaining at historically high levels. According to the Office for National Statistics (ONS), inflation hit 5.1 per cent in November, [...]
Energy Bills: PM mulls bank loan plan with price cap set to hit £2,400 January 15, 2022 The government is reportedly mulling bank loan proposals to smooth a hike in the cost of energy bills expected this year.
Switzerland steps up CBDC efforts as UK sounds alarm January 13, 2022 As countries worldwide step up CBDC efforts legislators are divided over the risks posed by the new digital currencies.
Airport slots should be given to those who can use it, Wizz Air boss says January 13, 2022 Wizz Air’s chief executive Jozsef Varadi said that legacy airlines should not retain their airport slots if they are not able to utilise them. “Why are they protected for the benefit of legacy carriers,” he told Reuters today. “This is a way of distorting the market further by allowing access to certain airlines at the detriment to [...]
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.