Central banks face tough journey to ‘Goldilocks’ policy setting June 19, 2022 Goldilocks found the perfect bowl of porridge through trial and error. The US Federal Reserve, Bank of England and the rest of the central banking elite are following a similar rationale right now. They are grasping for that “just-right” policy setting which allows an economy to reach its full potential without knowing what that setting [...]
Treasury chief warns against pay rises as thousands expected to protest in capital over cost of living crisis June 18, 2022 Treasury chief Simon Clarke has warned against staff pay rises, suggesting that Brits should avoid "unrealistic expectations around pay".
Diversity goals: Improving trust encouraged 80 per cent of employees to share data voluntarily, PwC partner says June 17, 2022 There is an increasing amount of trust when it comes to handing over personal data voluntarily, with a partner at PricewaterhouseCoopers (PwC) saying it has shot up from 15 per cent in 2018 to 80 per cent this year. The comments came during an event hosted by Datasite featuring an expert panel discussion about improving [...]
‘It would be quite a big mistake’ to scrap ethics adviser role after Lord Geidt quit, PM’s ex anti-corruption chief says June 17, 2022 The Prime Minister’s former anti-corruption chief has warned against scrapping the role of ethics adviser following the shock resignation of Lord Geidt. John Penrose made his comments after Downing Street hinted yesterday that the government could get rid o the position altogether, launching a review. Speaking to the BBC, Penrose, who left the job earlier [...]
Investors ditch London shares after fifth successive Bank of England rate rise June 16, 2022 Investors ditched London-listed stocks today after the Bank of England raised interest rates for the fifth successive meeting. The capital’s premier FTSE 100 index dropped 3.14 per cent to 7,044.98 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell 3.05 per cent to below [...]
Lord Geidt resignation: Ethics adviser quit after being asked for advice on steel tariffs June 16, 2022 The Prime Minister’s ethics adviser resigned after being asked to approve tariffs on steel which the government itself acknowledges would break part of a World Trade Organisation treaty. Lord Geidt resigned last night, and in his letter to the Prime Minister said he was “tasked to offer a view about the Government’s intention to consider [...]
Bank of England hikes rates for fifth time in a row and warns of 11 per cent inflation surge June 16, 2022 The Bank of England today hiked interest rates for the fifth time in a row for the first time since it was given control of monetary policy a quarter of a century ago as it pushes to cool the highest rise in living costs for a generation. A majority of the Bank’s nine rate setters, [...]
Mark Kleinman’s exclusive column: Downing Street business adviser pondering exit? June 15, 2022 Raging inflation, labour shortages, a weakening currency, supply chain chaos and – in the eyes of many colleagues and opponents alike – a lame duck prime minister: if you thought that being a CEO in such a climate was tough, spare a thought for his own business liaison chief. Alex Hickman, a co-founder of the [...]
Steel can power UK’s energy ambitions, says Severfield boss June 15, 2022 Steel has a vital role in boosting energy infrastructure and help power the transition to a greener economy, argued Severfield's boss.
Trading standards seize thousands of counterfeit chocolate bars from Oxford St candy shops June 15, 2022 More than £100,000 worth of counterfeit or illegal chocolate bars and vapes were seized from US candy shops on Oxford Street yesterday. Trading standards seized a huge haul of dodgy goods yesterday, including 2246 counterfeit Wonka Bars, with a raid worth £22,000 from one shop alone. Council officials are endeavouring to crack down on the [...]