An eyebrow-raising week in the world of cryptocurrency January 10, 2022 Data from CryptoCompare shows that the price of Bitcoin started last week at around $46,000 and saw a significant sell-off throughout the seven days.
UK Government funds HGV skills bootcamps to tackle shortages January 10, 2022 The UK Government has invested £34.5m in ‘skills bootcamps’ to tackle the ongoing shortage of HGV drivers. The highest in the last eight years combined, the funding will help companies train around 11,000 new drivers, as the cost amounts to around £4,000 for each, the Financial Times reported. “This money is incredibly welcome,” Sally Gilson, [...]
Growing Brexit headache for UK businesses as strict new import rules lay bare British traders lack the skills January 10, 2022 With Britain’s businesses having to declare imports of all EU goods as of 1 January, experts have told City A.M. UK firms lack the skills and expertise to handle the increase in declarations. Their warning is underpinned by the Institute of Export & International Trade, saying it reported a 379% increase in enquiries to its technical helpline last [...]
Three in four small business owners worried about rising inflation this year January 10, 2022 71 per cent of UK small business owners are concerned about rising inflation, according to new analysis from Iwoca.
Cost of living crisis: Millions of savers miss out as UK banks pocket profits from higher interest rates January 10, 2022 The UK’s major banks have failed to pass on last month’s interest rate rise to millions of savers, according to Moneyfacts.
All eyes on yields this week after latest job data points to even tighter labour market amid record vacancies January 10, 2022 It was a week of two halves for European equity markets last week, getting off to a flyer in the first three days with the Stoxx600, setting a new record high, along with the CAC40 and the FTSE100 moving above 7,500 for the first time since February 2020. The latter part of the week turned [...]
British firms brace to unleash wave of investment in 2022 January 10, 2022 British businesses are preparing to unleash a wave of investment over the next year, reveals a fresh study published today. A record proportion of finance chiefs at the UK’s top firms are intending on ramping up capital spending in the next 12 months, according to research carried out by consultancy Deloitte. Over one in three [...]
Small businesses fear rising prices will slow the recovery January 9, 2022 Almost half of Britain’s small businesses say the increased cost of doing business is a concern for them in the new year. And across the wider economy, inflation is seen as a threat by around three-quarters. Inflation is heading north already and is expected to peak at around six to seven per cent in April [...]
UK’s green tax burden to increase by 40 per cent during Johnson’s premiership January 9, 2022 The UK’s green tax burden is set to increase by 40 per cent throughout the course of Boris Johnson’s premiership, according to new research from a think tank. The TaxPayers’ Alliance calculates that tax revenues from green taxes will rise to £16.7bn by 2023-24, when the next election is due, after they were £11.7bn in 2019. [...]
Investors eye UK supermarkets’ Christmas performance in busy week on London markets January 9, 2022 Investors will be eyeing how the UK’s biggest supermarkets fared over the Christmas trading period in a busy week of corporate announcements on London markets. Traders will be looking for clues in the string of supermarket updates on whether the imposition of plan B measures and soaring Covid-19 cases prompted consumers to divert money that [...]