British stocks primed to reverse years of underperformance January 31, 2022 UK stocks are primed to turnaround years of underperformance and embark on a “winning streak,” according to analysis by a top City consultancy. London markets are ready to capitalise on the world’s top central banks launching a rate hike spree this year to get on top of inflation, according to Pantheon Macroeconomics. The FTSE 100 [...]
Cream of central banking crop have underestimated inflation crunch, experts warn January 31, 2022 The world’s top central banks have underestimated the stickiness of inflation spreading throughout rich economies, prompting them to launch a quicker than expected rate hike cycle this year. Measures used to quantify the severity of underlying inflation pressures will stay high even by the end of the year in most rich countries, according to fresh [...]
Former aide to Boris Johnson lashes out at No 10 over parties scandal January 31, 2022 A senior Downing Street official has attacked the government for failing to be honest with the public over breaking lockdown rules.
Johnson to meet tech bosses in push to make London more attractive for IPOs January 31, 2022 Boris Johnson will today meet with a group of tech bosses to discuss how to make the UK a more attractive destination for Initial Public Offerings (IPOs) post-Brexit. It comes as the government is set to shed or ease a series of EU regulations on financial services later this year in a bid to boost [...]
Changing high street: Bingo halls and casinos shutter while gyms take advantage of cheaper rent January 31, 2022 Bingo halls and casinos have declined amid the pandemic, with the number of leisure venues targeted at older customers dropping in the last year. The number of bingo halls decreased to 360 in 2021, down from 370 in 2020, according to commercial law firm EMW. Elsewhere, the number of snooker clubs dropped to 700 last [...]
Bank of England to hoist rates to highest level since 2009 January 30, 2022 Interest rates in the UK will climb to the highest level since the immediate aftermath of the financial crisis by the end of the year, City traders are betting. The Bank will reinforce its sharp policy shift to zeroing in on rampant inflation at its meeting of rate setters this Thursday after it hiked rates [...]
‘Tax-cutting Conservatives’ Boris Johnson and Rishi Sunak confirm tax rise is going ahead January 30, 2022 The Prime Minister and Chancellor have doubled down on a controversial planned tax hike to boost health funding, after it was reported that Boris Johnson was “wobbling” on the policy. The PM is under pressure from some Conservative MPs to scrap or at least delay the national insurance increase to win back support as he [...]
Weekend Read: Legal minds discuss how Sue Gray report could prejudice police probe into partygate January 30, 2022 Publishing the findings of Sue Gray’s inquiry could prejudice the police investigation into allegations of lockdown-breaking parties in Downing Street, the Metropolitan Police said yesterday morning. However, lawyers have questioned how this could be the case, as they zoom in on both investigations and look at the legal aspects of finding the truth in what [...]
Toast the partygate PM with a special Boris brew January 29, 2022 If the endless partygate scandal has put you in the mood for a drink, one brewery has the beer for you. Perfect 10 pale ale by Congleton-based Beartown Brewery is equally at home being drunk in the garden or sitting at your desk in the office, and is said to pair excellently with Colin the [...]
Exclusive: Utilita boss slams government meddling in energy market January 29, 2022 Utilita Energy’s chief executive Bill Bullen has called for the government to stop tampering with the market and help consumers through welfare.