World is staring down the barrel of new high inflation era, BIS warns June 26, 2022 The world risks being flung into a new era of persistently high inflation that will tip the global economy into a drawn out recession, one of the world’s top economic institutions has warned. Rampant price rises triggered by a series of economic shocks that have no “historical parallels” could become the norm, the Bank for [...]
Low-quality gas could be used to ease energy crisis June 25, 2022 Lower quality gas could be flowing through Britain's pipelines this winter, with the Government scrambling to secure energy supplies.
Root and branch failure: Government set to miss tree planting targets June 25, 2022 The government has 'zero chance' of reaching its tree planting targets, the UK's forestry trade body has warned.
Construction giants colluded to rig £150m of contracts including Selfridges and Oxford University, CMA rules June 24, 2022 A consortium of about 10 construction firms illegally colluded to rig bids for £150m of major contracts, according to provisional findings by the UK competition watchdog. The Competition and Markets Authority (CMA) said eight of the firms involved in the cartels have admitted to taking part. The rigged contracts for demolition services included work for [...]
The Roman Empire has a lesson for Andrew Bailey on devaluing a currency June 24, 2022 Winston Churchill once said: “The farther back you can look, the farther forward you are likely to see.” Those words apply to many aspects of our lives, not least economics. The past few weeks have seen the pound slump in value. In May alone, it fell by around eight per cent on its year-on-year value [...]
Price of Aussie wine could fall victim to Treasury reforms – yes, even after the trade deal June 24, 2022 AT THE end of last year, to much fanfare, the UK and Australia signed the free trade deal – the first negotiated from scratch following Brexit. The UK is the number one destination for Australian wine exports in value and volume, exporting 246 million litres of wine worth AU$449m in the 12 months to March [...]
Sunak struggles to appease North Sea oil and gas sector amid windfall tax fury June 23, 2022 Chancellor Rishi Sunak failed to appease the UK's oil and gas industry at a roundtable earlier today, with the sector still furious over the windfall tax.
Europe braces for winter of discontent as Germany moves one step closer to energy rationing June 23, 2022 Fears of supply shortages across Europe have escalated as Germany moved one step closer to energy rationing amid escalating tensions with the Kremlin.
BA workers join the industrial action wave by voting in favour of strike June 23, 2022 British Airways (BA) workers are set to join the wave of industrial action that is bringing the country to a standstill after members of the unions GMB and Unite have voted in favour of strike action. The unions announced the results this afternoon, with GMB’s national officer Nadine Houghton saying 95 per cent of those [...]
Stylish Stocks: Calvin and Tommy lead the way among best-performing fashion brands June 23, 2022 Even though people often associate the financial world with black suits, statistics, and little in the way of style, trading does have its fashionable side. Specifically, fashion stocks. From high-end brands such as Christian Dior and Ralph Lauren to high-street labels like Gap and Zara, retail shares are firmly on investors’ radar recently. Only yesterday, [...]