Best of 2022: England win Cricket World Cup to do double December 28, 2022 Last month England lifted the T20I Cricket World Cup to become the first men’s side to hold both limited-overs trophies at once . Read our report from the final. Article originally posted 13 November 2022. England became the first men’s team to hold both the one-day Cricket World Cup and the ICC Twenty20 World Cup yesterday when [...]
‘Bank of mum and dad’ to return in fight against mortgage and rent double whammy December 27, 2022 The “bank of mum and dad” may be called upon for more help in the new year, as aspiring first-time buyers deal with a double whammy of higher mortgage rates and surging rental costs while they try to save. But for those buyers who are able to make the jump onto the property ladder next [...]
Best of 2022: Sir Geoff Hurst: ‘My own memory could fade. You expect it to happen’ December 25, 2022 In this exclusive interview first published in July 2022, Sir Geoff Hurst says seeing most of his 1966 World Cup winning team-mates suffer with dementia convinced him to preserve his memories in the form of a digital artwork and raise money for Alzheimer’s charities. Every morning Sir Geoff Hurst goes for an hour-long walk through [...]
The Christmas Day Quiz: City A.M. tests out your grey matter December 24, 2022 It’s the Christmas Quiz you’ve been waiting for! Each year City A.M. publishes Deloitte’s economics team’s festive brainteasers, produced as part of their regular Monday briefing. Grab a pen – the answers are at the bottom, and come packed with plenty of extra details… 1. The nineteenth century Scottish historian and philosopher Thomas Carlyle dubbed [...]
Rishi Sunak to Keir Starmer: Five bold predictions for British politics in 2023 December 24, 2022 If a week is a long time in politics, as Harold Wilson once said, then what on earth was 2022? Rishi Sunak started the year as Chancellor, spent a strange summer on the backbenches, and returned to Downing Street with the top job by Christmas. In an exhausting and traumatic 12 months the UK witnessed [...]
2022: The year the UK economy soured December 23, 2022 Let’s not forget that inflation was already a problem heading into 2022. The final inflation reading of 2021 was for November and came in at 5.1 per cent, nearly three times higher than the Bank of England’s two per cent target and the highest level since September 2011, according to the Office for National Statistics [...]
Rishi Sunak hires Evercore investment banker as new ethics adviser December 22, 2022 Rishi Sunak has hired a new independent ethics adviser, after the last two holders of the post quit during Boris Johnson’s premiership. The Prime Minister has appointed Sir Magnus Laurie CBE, a senior investment banker at Evercore and chair of Historic England, as Number 10’s new independent adviser on ministers’ interests. Sunak said in a [...]
UK economy contracts by more than first thought in third quarter as it heads for recession December 22, 2022 The UK economy contracted by more than first thought in the third quarter, with gross domestic product (GDP) dropping by a higher revised amount. GDP fell by a revised 0.3 per cent, compared to an initial estimation of a 0.2 per cent decline, fresh figures from the Office for National Statistics revealed on Thursday. It [...]
Brits untroubled by rising mortgage rates as property transactions rise December 21, 2022 Monthly property transactions have increased across the UK and returned to pre-pandemic levels despite the ongoing cost of living crisis. Today, HM Revenue and Customs (HMRC) published statistics indicating that monthly property transactions in the UK above £40,000 have increased consecutively over the past nine months. Frances McDonald, research analyst at Savills said: “In light [...]
FTSE 100 nudges higher after BoJ tightening boosts UK banks December 20, 2022 London’s FTSE 100 nudged higher today after banks were boosted by yet more signals from the global central banking community that policy will keep tightening next year. The capital’s premier index added 0.13 per cent to close at 7,370.62 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of [...]