Financial markets see pullback after worse-than-expected US inflation figures September 14, 2022 The price of Bitcoin is down 8.5 per cent over the past 24 hours at $20,335, and Ethereum has dropped 6.4 per cent to $1,601.
London’s FTSE 100 sheds early gains after worrying US inflation numbers September 13, 2022 London’s FTSE 100 shed all its early gains today after a hotter than expected US inflation report sent investors wobbling. The capital’s premier index slumped 1.17 per cent to 7,385.86 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, slid 1.78 per cent to 19,167.21 [...]
Federal Reserve to press on with third 75 basis point hike after inflation overshoot September 13, 2022 The US Federal Reserve is set to hike the world’s most important interest rate by another historic amount to tame sticky inflation, Wall Street warned today. A hotter than expected inflation reading published today prompted a wave of economists to bet on the Fed lifting US borrowing costs 75 basis points for the third time [...]
UK joblessness falls to 1970s low, but pay continues to plummet September 13, 2022 UK joblessness has slid to its lowest level since 1974, but scorching inflation is still wiping out Brits’ pay, official figures published today reveal. The proportion of people out of work dropped to 3.6 per cent in the three months to July, according to the Office for National Statistics (ONS). Despite the historic low unemployment [...]
UK and European energy price freezes may trigger blackouts, Goldman warns September 12, 2022 UK and European governments freezing energy prices risks blanketing the Continent in power blackouts, a Wall Street investment bank has warned today. Keeping energy bills artificially low is likely to stimulate energy demand, possibly causing supplies to run dry, Goldman Sachs said in a note to clients. “With interventionist policies announced so far prioritising capping [...]
UK to hold one minute’s silence on Sunday at 8pm for Queen Elizabeth II September 12, 2022 There will be a one minute’s silence across the UK on Sunday at 8pm to mourn the loss of Queen Elizabeth II, Number 10 has announced. A Number 10 spokesperson said the “National Moment of Reflection” will be “an opportunity for everyone across the UK to mark the death of her majesty” and “mourn and [...]
The Queen ate at The Stafford hotel, so we booked a table in her honour September 12, 2022 St James’ Street near Green Park Tube is heaving with tourists, but turn onto Little St James’ Place toward The Stafford hotel and you enter a private enclave where the racket of the capital’s buses, taxis and tourists cannot be heard. Here you’re in St James proper, amongst the type of discreet private roads no-one [...]
Europe must avoid ‘sticking plaster’ solutions to meet energy needs September 12, 2022 Europe has to ramp up its own energy production, rather than become reliant on other overseas suppliers, argues a Westminster think-tank.
Mourners warned they may face five mile queues to see Queen lying in state September 12, 2022 A five mile queue is expected to pay respects to Queen Elizabeth as hundreds of thousands flock to Westminster this week. More than 750,000 people are expected to visit parliament from Wednesday, where Her Majesty will lie in state. The public will be able to visit the coffin in Westminster Hall, which will be accessible [...]
Explainer-in-brief: National Mourning means Parliament back in recess September 12, 2022 After only a six week long recess, MPs – and the new prime minister – had only just come back to Parliament. But the death of the Queen means it will be in a ten day recess until next Tuesday, the day after the funeral for Elizabeth II. In a short space of time, Liz [...]