National insurance hike completely unnecessary says Brexit veteran Lord Frost as Tory calls to drop £12bn tax increase swell January 25, 2022 Lord Frost has urged Boris Johnson and Rishi Sunak not to raise taxes in April as cost-of-living is set to increase for most Brits. The Prime Minister’s former Brexit chief joined the growing number of senior Conservatives to call for the planned national insurance hike to be scrapped. The former Brexit Minister – who resigned [...]
Over nine million broadband customers are unaware of the biggest in-contract price hike in years January 25, 2022 Research today reveals that over nine million consumers are unaware that their broadband bills are set to increase, according to research by Hyperoptic.
Sea of red: Looming US Fed rate hike spree sends chill through global markets January 24, 2022 A sea of red engulfed global markets today as a looming rate hike spree from the US Federal Reserve sent investors fleeing stock markets. Traders dumped shares on fears the Fed will send the strongest signal yet on its intention to rapidly rein in ultra-stimulative monetary policy at its meeting of rate setters on Wednesday. [...]
Technical data suggests Bitcoin is at its most oversold since ‘Covid crash’ January 24, 2022 The rapidly-changing Federal Reserve policy in response to rising inflation has caused extreme fear in both legacy and crypto markets.
Bitcoin is volatile because it’s a truly free market January 24, 2022 Market fluctuation comes down to the fact that Bitcoin is the only free market left in the world, writes Nigel Green.
Firms have no choice ‘but to raise prices’ to absorb NI hike January 24, 2022 The looming national insurance tax hike will leave British businesses with no choice “but to raise prices,” a leading business group has warned. Firms will have to pass on the cost of the 1.25 percentage point hike to consumers in a bid to offset severe margin pressure, according to the Institute of Directors (IoD). Nearly [...]
Rio looks at treasury allocation while Russia proposes crypto ban January 24, 2022 Data shows the price of Bitcoin plunged over last week from around $43,000 to a low just above $34,000 before it started recovering.
UK services economy stands strong amid Omicron Plan B assault January 24, 2022 Britain’s services economy has stood strong in the face of the re-emergence of curbs on daily life in a bid to clamp down on the Omicron variant, reveals a closely watched survey released today. IHS Markit’s latest flash purchasing managers’ index (PMI) for the UK services industry came in at 53.3 for January, a marginal [...]
Former BoE deputy governor warns of rapid rate hikes to quash inflation January 24, 2022 The Bank of England has backed itself into a corner by refusing to hike interest rates despite inflation surging to historic highs, a former top official at the central bank has warned. Inertia toward the soaring cost of living during the back end of last year means the Bank will have to rush through a [...]
Sunak reportedly tries to distance himself from £12bn National Insurance hike January 23, 2022 Rishi Sunak is reportedly trying to distance himself from a £12bn National Insurance hike due to be enforced in April, with the chancellor telling Tory MPs that it is the “Prime Minister’s tax”. Backbench Conservative MPs are rallying for the chancellor to scrap the tax rise, with many complaining that it will come as families [...]