Brits slash spending on essentials as cost of living soars July 8, 2022 Brits are tightening the purse strings and cutting back on essentials as the cost of living continues to soar, according to official polling today.
Finding opportunities in stagflationary times July 7, 2022 Slowing growth and rising inflation is a negative combination for both equity and bond markets. Nevertheless, there are opportunities emerging for global equity investors. This has been a challenging year for equities. Russia’s invasion of Ukraine has led to soaring energy and commodity prices, a global stock market slump and elevated volatility. Recession appears likely, [...]
Whoever leads the No11 regime must learn spending will only fuel inflation July 7, 2022 The year ends with a two. We have a Prime Minister who reset Britain’s relationship with Europe and has suddenly appointed an inexperienced Chancellor. The new regime in Downing Street now promises tax cuts in the face of high inflation. Am I mad, in a coma, or has the Tory Party travelled back in time? [...]
A recession will tempt firms into short-term cuts and sacrifice of future growth July 6, 2022 Throughout the history of recessions and periods of high inflation, when businesses have felt compelled to cut back to protect their margins, they’ve often looked at marketing spend with a raised eyebrow. It’s usually one of the biggest line items and certainly one of the easiest to cut. It’s a deep shame, therefore, it has [...]
Bank of England economy warning sends London markets lower July 5, 2022 London markets were dragged lower today by the Bank of England warning the UK economy is headed for a tough time over the coming year. The capital’s premier index shed nearly three per cent to close at 7,025.47 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the [...]
Lurpak row: ASDA says £6 butter with security tag is not UK-wide policy or related to cost of living crisis July 5, 2022 ASDA has said it does not have a UK-wide policy to put security tags on butter in relation to the cost of living crisis. The supermarket giant responded after a journalist shared an image on social media, showing a pack of Lurpak in one of its stores, costing £6, with a tag on. This comes [...]
Sainsbury’s boss has grim warning for Brits: The pressure on your budgets will only intensify July 5, 2022 The CEO of Sainsbury’s warned this morning that rising pressure on household budgets “will only intensify over the remainder of the year” as he pledged to invest more money into improving value for shoppers. Simon Roberts, chief executive of the supermarket group, said it is working to reduce costs across its operations amid continued inflation. [...]
Jacob Rees-Mogg says UK’s economic woes ‘very little to do with Brexit’ July 5, 2022 Jacob Rees-Mogg has insisted the UK’s economic woes are “very little to do with Brexit” with other European countries experience worse problems. The Brexit opportunities minister made his remarks this morning on LBC, when asked by host Andrew Marr whether the “effect of Brexit has been to raise barriers” on trade and movement. Rees-Mogg, who [...]
£330 pay boost for 30m Brits as National Insurance threshold will rise to £12,570 from tomorrow July 5, 2022 Millions of Brits will get a modest boost in their pay packets this month as they grapple with surging living costs, because – from tomorrow – the threshold at which people pay National Insurance (NI) will increase. The UK Government has previously said this will benefit nearly 30m working people with a typical employee saving [...]
Venues plead Chancellor to reduce tax burden as pubs and restaurants face ‘bleak summer’ July 4, 2022 Night time economy bosses have urged the Chancellor to slash VAT to 12.5 per cent in a bid to help businesses recover to their pre-Covid glory. Pleas for help from sector leaders followed reports last week that Downing Street was mulling reducing the headline rate temporarily to help UK households navigate the cost of living [...]