UK inflation to scale to twin peaks in April and October April 6, 2022 Inflation in the UK will have twin peaks this year in a sign that households will absorb a double hit to their living standards. At the start of the year, the cost of living was originally forecast to peak in April, driven by the energy watchdog hiking the cap on energy bills 54 per cent. [...]
Royal Mail shares slump as Barclays slashes target price April 6, 2022 Shares in Royal Mail slumped this morning after bankers at Barclays snipped the firm’s price target in a note to investors, predicting choppy waters ahead for the postal group.
Johnson says NI tax rise ‘unquestionably’ right thing for UK as tax hike comes in today April 6, 2022 Boris Johnson has said the increase in National Insurance is “unquestionably the right thing for our country” on the day the tax hike comes into place. Johnson said he has “absolutely no problem” with the tax hike as “we’ve got to give our doctors and our nurses the wherewithal, the funding” to deal with the [...]
Bank of England to launch 1980s style rate hike cycle as it scrambles to douse down rampant inflation April 6, 2022 The Bank of England will hike interest rates at the quickest pace since 1988 this year as it scrambles to douse down rampant inflation. 0Threadneedle Street will lift borrowing costs four more times this year, taking the calendar year total number of hikes to six, according to forecasts by investment banking giant JP Morgan. The [...]
Bitcoin and Ethereum blown into choppy waters by interest rate storm April 6, 2022 The price of Bitcoin price was down 2.53 per cent this morning to $45,463, while Ethereum was down 4.3 per cent to $3,368.
UK building firms’ confidence plummets on Russia-Ukraine war April 6, 2022 Existing supply chain disruption intensified by Russia’s invasion of Ukraine has eroded confidence in the UK construction sector to its lowest level in around a year and a half, reveals a closely watched survey released today. Swelling raw material costs, elongating delays in sourcing components and higher staffing bills all compounded to spike optimism among [...]
Car seller Motorpoint readies investment after boost in revenues April 6, 2022 Used car seller Motorpoint said today it was readying a wave of investment after revenues received a boost last year to hit £1.32bn.
Calories on the menu: Bosses fear new rules for restaurants will leave a sour taste April 6, 2022 Diners are being confronted with the calorie contents of meals at some restaurants under new laws that come into effect today – but could this do more harm than good? Hospitality bosses have said the changes come at the worst possible time, as the sector endeavours to recuperate pandemic losses while staring down the barrel [...]
The City View: Michael Hewson on the central bank dilemma, equity market resilience, consumer confidence dip April 5, 2022 Today Andy Silvester talks to CMC Markets’ Michael Hewson — they go through the latest on PMI; the effect of inflation and price hikes on consumer confidence; the dilemma central banks face when it comes to hiking rates or not; and market resilience and rebound amidst European turmoil. Andy also takes us through the headlines: [...]
Pension bodies launch saving campaign as inflation threatens spending power April 5, 2022 Top pension bodies have launched a campaign to try and boost the UK’s engagement with pensions today, as fears grow that soaring inflation could take a chunk out of pensioners' spending power.