£24bn Brexit rebound: UK goods imports from EU overtake non-EU trade while Russian influx soars March 12, 2022 Goods imports from the EU rebounded fat the start of 2022, despite uncertainty over changes in HMRC methodology, to overtake Non-EU countries, after non-EU imports of goods to the UK surpassed those from the EU for the first time in 2021 since the ONS started recording the data in 1997. Over £24bn worth of goods [...]
War in Ukraine continues to dominate the economic narrative March 11, 2022 For the third week running there is only one subject that dominates the Friday update – the ongoing fallout of the Russian invasion of Ukraine.
Four in ten Brits consider job change to counter higher cost of living and rising inflation March 11, 2022 Almost forty per cent of people polled this week have considered changing jobs to counter rising inflation and costs of living. Pressures are showing on people’s wages and mental health, with leading employment board Totaljobs urging employers to support their workers through difficult financial times. In a survey published this week, 37 per cent of [...]
Rishi Sunak urged to ‘turn wise words into action’ by FSB chair after small retailers feel ‘abandoned’ March 11, 2022 The chair of the Federation of Small Businesses (FSB) has urged chancellor Rishi Sunak to “turn wise words into action”, after the vast majority of micro firms said they felt “abandoned” by his policies. As the cost of living crisis continues to bite for retailers and consumers alike, 2,000 independent retailers were surveyed through Not [...]
Brexit has dented Britain’s exports when we should be relaunching our global brand March 11, 2022 It is fair to say that this government is facing a myriad of challenges. Having pushed Brexit through and just about overcome the pandemic, the government is now facing war in Ukraine and a cost-of-living crisis at home. On top of this, the structural challenges of “levelling up”, boosting growth, and making a success of [...]
Crypto markets lose yesterday’s gains ahead of European interest rate announcement March 10, 2022 Any gains made yesterday have been mostly wiped out overnight, with the price of Bitcoin back at around $39k this morning.
Bitcoin recovers to break $42k after positive US news March 9, 2022 The crypto markets are certainly looking stronger this morning, with the Bitcoin price recovering to just above $42k.
Letters: Time to bank on it with Solvency II March 9, 2022 [Re: Insurers and analysts temper enthusiasm on Solvency II reforms, March 2] They say good things come to those who wait. The governments proposed post-Brexit reforms to the EU’s Solvency II requirements finally incentivises UK insurers to put their excess cash to better use with lower capital charges. Solvency II has proved to be overkill [...]
Russia-Ukraine war to deliver £90bn blow to UK economy March 8, 2022 Russia’s war with Ukraine will deal a £90bn blow to the UK economy driven by a worsening cost of living crunch sending the British consumer into retreat, reveals fresh forecasts published today. Soaring energy prices as a result of Moscow sending troops in Ukraine will feed already historic high inflation in Britain, heaping even further [...]
Stability begins to return to Bitcoin and crypto markets March 8, 2022 The crypto markets are mostly flat over the last 24 hours, with the Bitcoin price sitting steady at just above the $38k mark.