KPMG invests $160m into upping salaries as Big Four face the heat in battle for talent January 26, 2022 KPMG is set to invest $160m into boosting the salaries of its 35,000 staff, as the battle for white collar talent continues to put pressure on Big Four firms. In a Linkedin post titled “investing in our people,” Paul Knopp, Chair and CEO of KPMG in the US said the “increase in salaries embodies our [...]
Investment bank warns gas prices could quadruple if Russia invades Ukraine January 26, 2022 Analysts have warned that UK gas prices could increase four-fold to over £10 per therm if flows from Russia are cut off over the coming months.
Market sentiment driven by events on Russia vs NATO over Ukraine and today’s Fed meeting January 26, 2022 European markets had a slightly more resilient tone yesterday, reversing some of their early week losses, however we still remain below the closing levels of last week, so it might be a little early to sound the all clear so to speak. US markets also saw another rollercoaster session, opening sharply lower, as they looked [...]
Biden his time: What can the US President do to contain rising oil prices ahead of the mid-terms? January 25, 2022 As inflation, interest rates and Covid-19 mortalities rise in the US the only thing that appears to be sliding is President Joe Biden’s poll numbers.
Inflation and supply chain crisis to throttle UK economy, IMF warns January 25, 2022 The global supply crunch and roaring inflation will choke UK growth this year, the world’s economic watchdog warned today. A combination of the supply chain crisis rumbling on and the cost of living corroding Brits’ incomes has prompted the International Monetary Fund (IMF) to downgrade their forecasts for UK economic growth this year to 4.7 [...]
British factories prepare to launch quickest price hike cycle since 1977 January 25, 2022 British factories are preparing to launch a rapid cycle of price rises to offset a cost onslaught, reveals a closely watched survey released today. The fresh print adds to agitation at the Bank of England over inflation becoming entrenched in the UK economy as a result of businesses baking in soaring costs to their pricing [...]
Sureserve Group revels in rebounding revenues following M&A spree January 25, 2022 Sureserve has rebounded strongly from challenging pandemic conditions with a 24.7 per cent boost in revenues.
Sunak has enough room to scrap national insurance hike, according to top City economists January 25, 2022 Chancellor Rishi Sunak has enough room to scrap the looming national insurance hike to ease the heavy cost of living burden weighing Brits down, according to leading City economists. Bumper tax revenues driven by the UK economy performing much better than forecast has provided the Chancellor with a big enough tax windfall to cancel the [...]
Former Beeb News boss: The BBC needs to ‘stop making lower grade stuff’ January 25, 2022 Former head of the BBC has warned the broadcaster to “stop making lower grade stuff” as the licence fee battle endures.
Public sector borrowing nears £147bn, second highest since records began in 1993 January 25, 2022 The Office for National Statistics (ONS) said this morning public sector borrowing from the end of March to December was £146.8 billion – the second highest since records began in 1993. Government borrowing stood at £16.8 billion in December, down by £7.6 billion from the same month a year earlier, according to official figures. The [...]