Sunak hails avoiding joblessness spike after furlough end November 2, 2021 The end of the furlough scheme is unlikely to trigger a surge in unemployment, according to the Chancellor. Speaking to a committee of members of the House of Lords, Rishi Sunak said he was “optimistic” the end of the job support scheme would not result in a wave of job losses. There were concerns the [...]
Bitcoin price steady at $63k as Polkadot steals march November 2, 2021 The price of Bitcoin continues to hover around the $63k mark today, up almost $1,000 from 24 hours earlier.
End of furlough ‘has not led to surge in jobseekers’ November 2, 2021 The end of the multi-billion-pound furlough wage subsidy has not led to a surge in new job-seekers, according to data that suggests unemployment is unlikely to rise sharply and may bolster the case for a Bank of England interest rate hike. Data by recruitment website Indeed, seen by Reuters ahead of publication, shows only a [...]
Bitcoin in celebratory mood as a big week ahead looms for financial markets November 1, 2021 Bitcoin itself is up two per cent over the last 24 hours to just above the £62k mark, while Ethereum is also up 1.5 per cent to just above $4,300.
Q&A: How tech is shaking up the banking sector November 1, 2021 A technological revolution is occurring, which is affecting all business sectors. And the Covid-19 pandemic has been accelerating this process. Banking is one area that has been particularly disrupted by technology for some time, but it was during the pandemic that customers really started to change their banking habits. Banking over the counter in High Street branches is [...]
Can UK handle a rate rise as economy rebounds? November 1, 2021 The UK economy grew by 0.4% in the month of August after latest estimates showed GDP contracted in July by 0.1%. July was disrupted by a spike in infections and tougher restrictions on self-isolation and testing for anyone in contact with those testing positive for Covid-19. This was known as the “pingdemic”, referring to the [...]
Supply chain breakdowns continue to drag on UK manufacturing November 1, 2021 Supply chain breakdowns continue to drag the UK manufacturing industry down, but greenshoots of stronger growth are emerging. Delays in deliveries for crucial materials, compounded by worker and skills shortages drove slower output growth among British manufacturing firms, a closely watched survey has found. IHS Markit’s latest purchasing managers’ index for the UK manufacturing industry [...]
David Haggerty interview: ITF president on revamping Billie Jean King Cup and Davis Cup Finals, anti-vaxxers, Osaka, domestic abuse and Raducanu November 1, 2021 Eighteen months later and in a different location than planned, the first Billie Jean King Cup Finals finally begins today. The tournament formerly known as the Fed Cup has been rebranded in tribute to the trailblazing former world No1 and reformatted to create a climactic week-long finale that mirrors the new-look Davis Cup, itself taking [...]
COP26: Prince Charles warns governments alone cannot prevent climate crisis October 31, 2021 Prince Charles has warned governments need the support of the private sector to prevent the climate crisis. Writing in the Sunday Telegraph, His Royal Highness said “we need trillions of dollars of investment every year” to limit global warming to 1.5C. “Governments alone cannot muster those sorts of sums. But the private sector can, working [...]
Ex-Bank of England governor warns transition to net-zero will not happen ‘overnight’ October 31, 2021 A former governor of the Bank of England has warned gearing the UK toward a greener economy will not happen overnight. Speaking to the Mail on Sunday, Mark Carney, who headed the Old Lady between 2013 – 2020 said “It would be great if we could flip a green switch overnight… we can’t.” Carney, now [...]