UK housing market shows signs of stability with Brits’ reluctant to spend April 21, 2022 The UK’s housing market could be returning to stability, say analysts, before deals pick up as warmer weather blankets the country. Residential transactions for March have plunged more than a third in comparison with the same month last year, according to the government’s latest figures, after a continued, pandemic-era, buying frenzy. Although deals have climbed [...]
CBI chief economist: Bank of England chasing missed rate hikes April 21, 2022 The Bank of England has been slow to get ahead of an inflation crunch that is now expected to choke the UK’s economic recovery, according to the chief economist at Britain’s top business group. Rate setters “should have acted sooner in the autumn” to cool the elevated cost of living, Rain Newton-Smith, chief economist at [...]
Netflix fall a sign investors are looking again for fundamentals April 20, 2022 When the electric carmaker Rivian listed on Wall Street last year, it was briefly valued at more than Anheuser-Busch. The latter, most famously, produces Budweiser; a beer that sells in great quantities for more than it costs to produce. It is a functioning, well understood business, and despite the best efforts of governments we remain [...]
Starmer urges Tory backbenches to turn on Johnson in partygate vote April 20, 2022 Sir Keir Starmer has urged Tory backbenchers to turn on Boris Johnson tomorrow and vote for a House of Commons inquiry into the Downing Street partygate scandal. Starmer said that Tory MPs should “do the right thing” and “respect the sacrifices that their constituents made during the pandemic”. The vote, tabled by the opposition parties, [...]
Our high streets need a new lease of life but forced auctions could be fraught with uncertainty April 20, 2022 This week, the government unveiled plans to revitalise high streets up and down the country. Under the new policy – which will only be revealed in full during the Queen’s Speech next month – landlords will be forced to rent out shops that have been vacant for more than six months. The aim is to [...]
Exclusive: Kent on the UK’s energy transition plans April 20, 2022 City A.M. spoke with energy services group Kent, after the government finally unveiled its energy security strategy this month.
Netflix shares tumble as streaming giant loses 200k subscribers April 20, 2022 Netflix reported a loss in subscribers for the first time, down 200,000 subscribers, citing inflation, emerging competition from the likes of Disney+ and Amazon, as well as the Ukraine war as contributing factors.
Powering the revolution: Does the private sector have the appetite for an energy overhaul? April 19, 2022 City A.M. looks at whether the private sector help fund the government's ambitious targets to ramp up domestic energy production.
Johnson: It ‘did not occur to me’ Downing Street birthday party was Covid breach April 19, 2022 Boris Johnson has told MPs that it “did not occur to me” that his Number 10 office birthday party was in breach of Covid rules, after receiving a police fine last week for attending the event. The Prime Minister today said “that was my mistake and I apologise for it unreservedly”, but that he now [...]
Anti oil activists suspend disruptive protest and give the UK government ultimatum April 19, 2022 Environmental activists have paused disruptive protests and given the government an ultimatum to stop looking for new fossil fuels. Campaigners from Just Stop Oil read a letter outside Number 10 Downing Street, saying the UK government was being given an “opportunity” to halt its search for new energy sources. This comes after the group launched [...]