Andrew Bailey fell asleep on inflation and now it is workers who will face the flames February 17, 2022 Is there a comfortable chaise longue in the office of Andrew Bailey, Governor of the Bank of England? I think we should be told. Because it has become apparent that the Bank has been asleep on the job. In the year to December 2021, consumer prices rose by 5.4 per cent. We have to go [...]
Brexit shaves off record £20bn from UK exports in one year alone with imports from EU also dropping February 16, 2022 UK exports to EU countries shrunk by a record £20bn in just 20 months, according to new figures. Sales to the EU dropped more significantly in 2021 than exports to any other country in the world, the ONS data shows, as UK to EU exports nosedived 12 per cent between January and December of last [...]
UK and Australia sign new defence and security agreement February 16, 2022 The UK and Australia have signed a new defence, security and trade agreement as a part of the government’s efforts to strengthen its foothold in the Indo-Pacific. Boris Johnson and Scott Morrison spoke at 8.30pm this evening to formalise the pact, which will see the UK agree to spend £25m for “regional projects [in the [...]
Housebuilders facing extra £3.2bn in construction costs this year as prices spiral February 16, 2022 UK housebuilders could face paying the hefty extra sum of £3.2bn per year as new-build construction costs are set to skyrocket. The average cost of construction for a new-build property is set to rise almost £18,000 per unit, research from property debt adviser Sirius Property Finance has revealed. Construction costs across the industry could total [...]
Bitcoin continues good run as stock markets pick up February 16, 2022 The crypto markets look stable again this morning, with Bitcoin continuing to hold above $44k and Ethereum above $3,100.
Bitcoin outstrips gold and stock markets as boards turn green again February 15, 2022 The crypto markets are up again this morning, with the Bitcoin price pushing towards $44k for the first time since last week.
Brexit: City firms to be cut off from EU derivatives clearing access after June 2025 February 15, 2022 UK-based derivatives clearing houses will no longer have access to the European Union after June 2025, the EU’s financial services chief has said. Mairead McGuinness confirmed that the EU will no longer allow non-EU, UK-based firms to operate within the bloc from the summer of 2025, “I am very clear that June 2025 is the [...]
Moderna in late stage talks for UK research facility in post-Brexit boost February 14, 2022 Famed vaccine maker Moderna is reportedly in late-stage investment talks for a research facility in either London, Oxford or Cambridge. The US biotech company is looking to collaborate with the NHS, the Financial Times first reported, in a move which would be a “key element” of the UK’s post-Brexit ambition to become a global life [...]
Crypto markets unmoved by Super Bowl interest February 14, 2022 The Bitcoin price starts the week above $42k, around the same as this time yesterday and also this time last week.
Explainer-in-brief: Love you, love you not: the new China-UK relationship February 14, 2022 In a bid to snuggle up to China’s economy, Boris Johnson has tasked the department for international trade to hold the first high-ministerial talks with Beijing since 2018. Rishi Sunak has moved to restart the UK-China Economic and Financial Dialogue, also cancelled in 2019. The timing of these decisions is a bit baffling, given that [...]