UK economy grows faster than first thought but contraction looms March 31, 2022 The UK economy grew faster than first thought at the end of last year, but experts warn the tightening cost of living squeeze could plunge the country into a recession. In the three months to December, the economy grew 1.3 per cent, higher than first estimated by the Office for National Statistics, according to final [...]
Bitcoin levels off after eight days of upward movement March 31, 2022 The price of Bitcoin today is, essentially, unmoved after another largely flat day, continuing to hover at just above the $47k mark.
Q&A: will the gold price surge continue? March 31, 2022 James Luke explains the effect that Russian sanctions and Fed rate rises are having on gold, and what may lie ahead for the precious metal. Gold prices have been on an upward trend since mid-January, accelerating sharply upon Russia’s shocking invasion of Ukraine towards the end of February as investors flocked to perceived safe haven [...]
UK economy grew faster than anticipated after Covid spending at the end of 2021 March 31, 2022 The UK economy grew faster than anticipated in the last three months of 2021 as a frenzy of health sector activity masked inflation’s impact on household incomes. Gross domestic product (GDP) increased 1.3 per cent in the fourth quarter from the previous three-month period. The Office for National Statistics had previously provided an estimate of [...]
House price growth hits highest level since 2004 with record average of £265.3k March 31, 2022 Annual house price growth has increased to 14.3 per cent, from 12.6 per cent in February. According to Nationwide’s house price index, this was the strongest pace since November 2004. The price tag of the average home hit a new record of £265,312, an increase of more than £33,000 in the past year. Prices have [...]
Investors pile into bets against Cineworld as it tops list of most shorted stocks March 31, 2022 Investors have piled into bets against UK cinema firm Cineworld to make it the UK’s most shorted company, new data has revealed.
Employers struggling to retain graduates amid cost of living squeeze and tight jobs market March 31, 2022 Employers are struggling more than usual to retain graduates amid a highly competitive jobs market, reveals a fresh survey released today. Graduate churn has reached its highest level since record began in 2011, according to the Institute of Student Employers (ISE). Firms are now retaining just over seven in 10 graduates three years after they [...]
Saving it away for a rainy day? Now you just have to keep it there as costs spiral March 31, 2022 Over many decades, thousands of column inches have lamented the state of financial education and hours of speeches have been delivered by politicians vowing to fix it. When this hasn’t proven forthcoming, it’s fallen to bloggers and influencers to fill the education gap. Now, as we navigate the harshest cost of living crisis for generations, [...]
Johnson says Ukrainian refugees can help ease UK labour shortages March 30, 2022 Tens of thousands of Ukrainian refugees set to come to the UK will help ease the country’s labour shortages, Boris Johnson has said. The Prime Minister said “one of the problems our economy has” is “the need for more pairs of hands to do crucial jobs and one of the things the Ukrainians will be [...]
Raising taxes on working people is ‘bananas’, economists warn March 30, 2022 Raising taxes on working people while shielding other forms of income from levies is “bananas,” according to a top wonk’s analysis of chancellor Rishi Sunak’s spring statement. Hiking employers and employees national insurance contributions 1.25 percentage points in April instead of using income tax to raise revenue is the “opposite of what everybody thinks we [...]