Bitcoin slips below $29,000 as Ethereum loses its grip on $1.8k August 17, 2023 Bitcoin and Ethereum are both down by almost 2% in the last day, in line with stock markets, which slid for the second consecutive day.
Treasury red tape on wind farms to cost bill payers £1.5bn per year, climate group warns August 17, 2023 Bill payers are being left £1.5bn worse off per year due to Treasury red tape blocking new offshore wind projects, according to the ECIU.
FTSE 100: London markets slip as investors fret over China and global slump August 17, 2023 The FTSE 100 has slipped lower at the open this morning as investors fret over the impact of inflation and a slowing global economy.
Mecca Bingo owner hit by high energy costs and wage inflation – but bets on things improving August 17, 2023 Mecca Bingo owner Rank Group reported a 52 per cent decline in like-for-like underlying operating profit for the year as it was hit hard by energy bills and raising wage inflation. But, the gambling giant is also raising its outlook for the year as the economy stabilises. In April, the business raised its profit guidance [...]
Rishi Sunak: Brits will never have it so good (next year) despite ‘real risk’ of recession August 17, 2023 Rishi Sunak has outlined his hopes to ensure Britons feel better off next year, amid warnings that the UK economy faces a “very real risk” of recession due to higher interest rates. The Prime Minister attempted to strike an optimistic tone when asked about efforts to tame inflation, as he said there is a need [...]
Asian markets hit lowest mark for 2023 amid fears over state of Chinese economy August 17, 2023 Chinese economy data has cast a cloud over Asian stocks this morning which have hit a nine-month low, with Europe set to follow
Even hiking their fees might not be enough for universities to turn a profit August 17, 2023 Universities are in an existential crisis, losing money and the quality of their teaching. But even the option of hiking fees doesn't look feasible at the moment, writes Will Cooling
Skyrocketing rents are creating a new war between urban sprawl and the green belt August 17, 2023 Rents in London are at their highest, and this is pushing people further out from the centre. But striking a balance between bad urban sprawl and the cult of the green belt is not easy, writes Elena Siniscalco
‘The last thing commuters need’: London business groups slam rail fare hike August 16, 2023 London business groups have slammed a significant government hike in rail ticket fares set to hit commuters next March. The Department for Transport (DfT) has committed to ensuring any fare increase falls below the nine per cent rise in the Retail Price Index (RPI) inflation measure, announced by the ONS on Wednesday morning. Regulated rail [...]
How is Sunak doing on halving inflation, cutting NHS lists and stopping boats? August 16, 2023 In January, Rishi Sunak unveiled the vision for his government. Five pledges; five clear goals; five ambitions for his ministers. His aim was clear: be seen as an effective, solutions-focused administration and, hopefully, reap the electoral rewards. “No tricks, no ambiguity; we’re either delivering for you or we’re not,” he vowed. Eight months in, and [...]