London house prices: How bad will the crash be in the 2023 recession? January 1, 2023 London house prices are expected to fall this year as interest rates rise and the recession bites – but will it be a small slide or a full-blown crash? Property experts are torn A housing market cooldown is expected in 2023 but prices will remain higher than before the coronavirus pandemic started, experts have suggested. [...]
Wanderlust: The 10 best travel stories from City A.M. in 2022 December 31, 2022 It’s been the year we’ve gone on as many holidays as we could, as the end of You Know What inspired us to do more. Whether by rail, exploring more of the UK, or going further afield, Brits have been relishing the chance to travel, which has taken on a new role this past year: [...]
European stocks post biggest fall since 2018 while FTSE 100 ends year in green December 30, 2022 European stocks have notched their worst annual performance in four years driven by investors sweating over soaring inflation, rising interest rates and the prospect of a tough recession in the bloc. The pan-European Stoxx 600, an aggregate of Europe’s top indexes, finished 2022 down nearly 13 per cent, its biggest annual decline since a drop [...]
Inflation surge reshapes Brits’ spending, but so does end of Covid-19 curbs December 30, 2022 Inflation reaching a 41-year high. Interest rates back to 2008 levels. Mortgage costs up substantially. It’s been a tough year for the Great British consumer. Income growth has failed to keep pace with what was a 11.1 per cent cost of living peak, meaning households have been forced to cut back to protect their finances. [...]
Tony Blair: Vladimir Putin should have got seat at international ‘top table’ December 30, 2022 Tony Blair argued that Vladimir Putin should be given a seat at the international “top table” despite deep misgivings among officials about the new Russian president, according to newly released official files. Papers released to the National Archives in Kew, west London, show Mr Blair, as prime minister, believed the former KGB man was at [...]
Strikes: Ministers will not be ‘held to ransom’ by unions, says Wallace December 29, 2022 The government will not be “held to ransom” by striking public sector workers, defence secretary Ben Wallace has said. As the wave of industrial action showed no sign of abating, Mr Wallace insisted there was “no magic wand” to produce the money for above-inflation pay awards. His warning came after new TUC general secretary Paul [...]
Goldman Sachs poised to slash headcount next month December 29, 2022 The chief of Goldman Sachs has warned staff he will slash the bank’s headcount by around eight per cent next month in a bid to bolster profits in the face of recession next year.
S&P 500 set for worst year since 2008 as US stocks slide again December 29, 2022 A broad slide for stocks added to Wall Street’s recent losses on Wednesday, as investors count down to the end of the worst year for the S&P 500 since 2008. The S&P 500 fell 1.2 per cent , with technology, energy and industrial stocks among the biggest weights on the benchmark index. The tech-heavy Nasdaq [...]
Best of political opinion in 2022 December 28, 2022 The best opinion and analysis of the high drama in Westminster in 2022.
From strikes to Avanti West Coast: Here the top five things to look out for in rail next year December 28, 2022 Railway has taken centre stage in the UK public discourse as the tug of war between unions and train operators over the past six months has led to unthinkable misery to millions of people and businesses. Rail minister Huw Merriman said last month the walkouts had cost the UK economy £500m, while hospitality and retail [...]