Emma Raducanu: British tennis sensation set to be inundated with sponsor offers following fairytale run at the US Open September 10, 2021 Emma Raducanu’s fairytale run at the US Open has not only made her the new darling of British tennis but also among the hottest properties in sport for sponsors. The 18-year-old from Bromley could become the first Englishwoman to win a Grand Slam since Virginia Wade in 1977 when she faces fellow teenager Leylah Fernandez [...]
UK set to see a sharp slowdown in economic growth, warns British Chambers of Commerce September 10, 2021 The UK is set to see a sharp slowdown in economic growth as the mounting supply chain crisis and staff shortages threaten to derail Britain’s recovery, according to a major business group. The British Chambers of Commerce (BCC) warned there is also a “real danger” the Government’s health and social care levy could further stifle [...]
Exclusive: Coutinho, Ronaldo, Bale, Grealish and other mega transfers to push Premier League spending to £55bn by 2050 September 9, 2021 Premier League clubs’ spending sprees will amount somewhere close to £300m annually in the next 30 years, according to new research that was shared with City A.M. this afternoon. The average outlay per club is set to be £286,996,502 in 2050, an increase of 135.99 per cent, while the average fee paid by top-flight clubs [...]
ECB to rein in Covid stimulus measures but promises to maintain support September 9, 2021 The European Central Bank announced today it will start reining in the wave of stimulus measures it unleashed in response to the Covid crisis, becoming the first of the world’s big three central banks to do so. The ECB said the Eurozone economy’s rapid economic recovery from the Covid crisis has engineered favourable financing conditions, [...]
Perfect storm of glitches constrains UK economy September 9, 2021 Severe shortages of raw materials, constrained labour supply and persistently high furlough rates are putting the UK economy in a vice, according to new official figures released today. The Office for National Statistic’s latest business insights survey shows almost one in three hospitality firms are finding it harder to recruit workers compared to normal times. [...]
Number of workers on furlough tumbles to lowest level since start of pandemic September 9, 2021 The number of workers on furlough has tumbled to its lowest since the onset of the Covid crisis, according to official figures published today. Data from the Treasury shows there were 1.6m people on furlough at the end of July, down 340,000 from almost two million in the previous month. However, the rate at which [...]
Worker shortages persist as pool of candidates shrinks at record pace September 9, 2021 The number of workers ready to start a new job plummeted at its fastest pace on record last month, indicating the severe worker shortages that have put the UK economy in a vice are likely to persist, according to fresh figures published today. Research by accountancy firm KPMG and the Recruitment and Employment Confederation shows [...]
London markets dragged down by tax hikes as City mulls impact on portfolios September 8, 2021 The wave of tax hikes launched by prime minister Boris Johnson weighed on London markets today as investors mulled the implications of higher dividend taxes on their portfolios. The capital’s premier index dropped 0.75 per cent to close at 7,095.53 points, while the mid-cap FTSE 250 slid 1.03 per cent to 23,848.89 points. Markets were [...]
Bailey warns worker shortages could produce sticky inflation September 8, 2021 The governor of the Bank of England, Andrew Bailey, has signalled he is pessimistic about the current worker shortages crippling the UK economy ending soon. Giving evidence to the Treasury Committee, Bailey said the main problem in the economy is now “getting jobs filled.” Responding to questions on whether inflation will persist for longer than [...]
Six questions to figure out if your money is working as hard as you are September 8, 2021 At home, in the office, or in a mixture of the two – wherever you work, it’s a fair bet you’ve worked harder than ever over the past year or so. But is your money putting the hard yards in too? Making your money work harder could help you reach your goals more quickly and [...]