After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Sterling fares well following PMI surprise despite retail sales fall October 22, 2021 This morning’s UK retail sales figures showed a monthly decline of 0.2 per cent in September, while the market had been anticipating a rise of 0.6 per cent. Meanwhile, sales were down 1.3 per cent compared to September last year, yet the consensus forecast was for a decline of 0.4 per cent. It was the [...]
Analysis: Sunak’s wiggle room for spending in the Budget is closing in on him October 22, 2021 Next week’s budget and spending review’s tax and spend decisions will determine the government’s economic policies for the rest of this parliament, and the amount that departments have to spend. The spending pressures on the chancellor are intense. However, Rishi Sunak’s room for manoeuvre may well be narrowing. Sunak has already faced down the biggest [...]
COP26: Three-year green savings bonds launched by Treasury-backed NS&I October 22, 2021 Green savings bonds giving savers across the UK the chance to back the Government’s environmental projects are being made available to take out online. Savers aged 16 or over can take out the bonds, which pay a fixed annual rate of 0.65% over a three-year term, via Treasury-backed savings provider NS&I’s website. The bonds, unveiled [...]
UK inflation could go “above five per cent” this winter says new BoE chief economist October 21, 2021 UK inflation could rise above five per cent next year, said the Bank of England’s new chief economist. Speaking to The Financial Times, Huw Pill said: “I would not be shocked — let’s put it that way — if we see an inflation print close to or above five per cent [in the months ahead]. [...]
Altcoins join the party after Bitcoin sets new all-time high above $67k October 21, 2021 Bitcoin hit a high price of more than $67k yesterday, after a rapid breakout saw it climb almost $2k in minutes.
Sunak’s budget must navigate the Catch-22 of inflation and recovery October 21, 2021 There have been some pretty bleak backdrops to budget announcements over the years. In March 2008, Alistair Darling faced the daunting task of delivering a budget while the world was in the teeth of the financial crisis. Denis Healy’s April 1979 budget was surely the worst, after the government lost a vote of confidence. The [...]
UK banks’ earnings season is tough one to call October 20, 2021 Wall Street’s biggest banks have reaped the rewards of a booming deal environment, the release of loan loss reserves and swelling deposits. Goldman Sachs, Bank of America and JPMorgan all flexed their muscles as they kicked off US earnings season last week. Now, it is the turn of their British pretenders, starting tomorrow with the [...]
Used car prices skyrocket as UK inflation eases October 20, 2021 The UK average price of a used car has increased by 23.9 per cent this week as a result of September’s inflation rates easing to 3.1 per cent. Data from automotive advertising firm Auto Trader have also revealed that year-on-year prices quadrupled this week, especially if compared with the 5.7 growth recorded in the week [...]
Sunak eyes Covid-19 emergency loan scheme extension at budget October 20, 2021 Chancellor Rishi Sunak is eyeing extending the emerging Covid-19 loan scheme at the budget next week. The Recovery Loan Scheme was scheduled to finish on December 31, but Sunak is reportedly planning on backtracking on the plans. The news was first reported by Bloomberg. Sources told the news organisation discussions on the matter are ongoing. [...]
Many employees confused: Despite hybrid working, many people struggle to juggle work and home life October 20, 2021 The current “one-size-fits-all” solution is not meeting the complex needs of the modern workforce, with people struggling to juggle work and home life, according to a new report. Employees are confused about what work-life balance means for them and are calling for firms to agree a new definition of the term. Research by jobs site [...]