‘Death by a thousand cuts’: UK insolvencies soar 17 per cent and exceed pandemic levels March 15, 2024 The government agency said this was higher than levels seen during the pandemic "while the government support measures were in place", with things like the furlough scheme. It is also higher than pre-pandemic figures.
Berkeley shrugs off housing market woes and remains on track for three-year growth plan March 15, 2024 British property developer Berkeley Group is on track to deliver £1.5bn of pre-tax profits over the next three years, according to an update by the firm this morning.
For once, Humza Yousaf has set an example other politicians should follow March 15, 2024 In overriding the advice of “experts” and channelling aid to Gaza, Yousaf did what politicians are elected to do, says Paul Ormerod Humza Yousaf, the First Minister of Scotland, does not often attract plaudits. But last week he overrode the advice of his officials. Shock, horror. Surely Sir Humphrey and the “experts” always know best. [...]
London is no capital of culture without Vault Festival March 14, 2024 Vault Festival has announced its venue has fallen through and the event is no more, says Adam Bloodworth Vault Festival launched the careers of thousands of actors and writers via its unique business model, which meant new performers could put on shows and not break the bank, because part of the show was paid for [...]
FTSE 100: What’s moving markets today? March 14, 2024 Asia markets were mixed as the previous Wall Street rally begins to fade, while oil prices climb following Ukraine's strikes on Russian oil refineries. Focus now shifts to key US economic data releases, including producer prices and retail sales figures.
Forget saving for a mortgage, one in ten renters still rely on food banks March 13, 2024 Around a third of social renters and half of private renters were only in poverty after their housing costs were factored in, suggesting that they were pushed into poverty by the amount they have to spend on housing.
Gilts: Investors aren’t scared of UK’s ballooning deficit – yet March 13, 2024 Surging demand for UK gilts comes even as the Treasury announced plans in the Spring Budget to borrow more than ever from the private sector.
Mercia’s venture capital trusts raise £60m as investors bulk up exposure to private businesses March 13, 2024 Mercia Asset Management has raised £60m for three of its venture capital trusts focused on the North of England.
Why the Bank of England will keep interest rates on hold despite lower inflation March 13, 2024 The latest clutch of data is unlikely to change the Bank of England's thinking ahead of its decision on interest rates next week.
Metro Bank swings to first annual profit since 2018 while slashing 1,000 jobs March 13, 2024 Metro Bank has swung to its first annual profit since 2018 after the branch-focused lender was rescued from potential collapse by a major refinancing package and embarked on a restructuring set to involve 1,000 job cuts.