British firms intend to hike prices five per cent this year January 6, 2022 British businesses are laying the foundations to hike prices sharply this year as they scramble to survive amid soaring costs, reveal official figures published today. UK firms are intending to raise prices five per cent this year, according to the Bank of England’s survey of chief financial officers of British businesses. A toxic combination of [...]
Which direction will the UK’s economic weather vane blow in 2022? January 6, 2022 It’s fair to say the last two years have been a turbulent one for the UK economy. The pandemic has upended working practices, supply chains and the monetary policy playbook. With the emergence of the Omicron variant leaving the spectre of coronavirus hanging over the country, it’s fair to say the British economy is not [...]
British businesses prepare to hike prices en masse January 6, 2022 British businesses are bracing for a cost assault by preparing to hike prices, reveals fresh research released today. Almost three in five firms expect to lift prices in the next three months, the highest proportion ever recorded, according to the British Chambers of Commerce (BCC). Intention to lift prices is seeping into most corners of [...]
Labour hits out at Boris Johnson for saying UK inflation fears are ‘unfounded’ January 5, 2022 Labour has attacked Boris Johnson for his allegedly complacent attitude on rising UK inflation, with deputy leader Angela Rayner hitting out at the Prime Minister for not easing the cost of living crunch for British families. Rayner, who was filling in today for a Covid-positive Sir Keir Starmer, called out Johnson in Prime Minister’s Questions [...]
The three potential metaversal consequences of QEndless January 5, 2022 Dr Chris Kacher examines how the world is on a knife edge, but could a metaversal snowflake create an avalanche to tip the scales?
CPI inflation to scale to highest rate in recent history this spring and smash Bank of England’s expectations January 5, 2022 Inflation will hit a record high and smash the Bank of England’s expectations this year, according to bets laid by City analysts. The UK’s mainstream measure of inflation will accelerate to a peak of 6.8 per cent this April, propelled higher by swelling energy bills, investment banking giant Goldman Sachs warned yesterday. However, the cost [...]
Regulation: UK investors could face crypto asset crackdown in 2022 January 4, 2022 UK regulators including the Treasury and Bank of England have hinted at plans to turn the screws on crypto assets and NFTs in 2022.
Banker bots: Amid increasing competition for top talent, banks could turn to AI January 4, 2022 Banks could begin to turn to artificial intelligence (AI), after the competition for top talent has prompted a battle of who can name the highest salary figure for newcomers. JPMorgan and Goldman Sachs have already dedicated teams to modernising their M&A advisory and capital markets businesses. And with pay for junior analysts at rival Morgan [...]
Brits scrambling for early Christmas presents boosts credit lending to 16-month high January 4, 2022 Brits scrambling to get their hands on Christmas presents early to avoid shortages boosted credit card spending to a 16-month high, reveal official figures released today. Households in the UK took on £1.2bn in net consumer debt in November, the highest level in nearly a year and a half, according to the Bank of England. [...]
PMI: UK factories hoist prices at fastest pace on record January 4, 2022 UK factories are hiking prices at the fastest pace on record as firms scramble to protect their margins amid a cost onslaught, reveals a closely watched survey released today. British manufacturers lifted prices at the quickest pace ever recorded by IHS Markit, the organisation that complies the purchasing managers’ index (PMI). Input price inflation hovered [...]