Ageing population and weaker post-Brexit migration has damaged UK economy, experts claim December 5, 2022 An ageing population, weaker migration inflows since Brexit and a sicker society due to the pandemic has damaged the UK long-term economy’s health, top City economists have warned. A steadily rising elderly population has resulted in a jump in Brits leaving the jobs market to take retirement or due to ill health, putting the workforce [...]
You Should Lay The Groundwork For Your 2023 Pay Rise Now December 5, 2022 There is no doubt it has been a tough year for many people. Inflation has skyrocketed, prices have risen across the board, with energy costs coming under particular scrutiny. Confirming the pressure many feel is the Bank of England’s just-released biannual household survey. The bank indicates that prices for consumers have increased by around 11% [...]
Seven Extinction Rebellion campaigners convicted of criminal damage at Barclays HQ December 5, 2022 Seven female Extinction Rebellion activists have been found guilty of causing criminal damage against Barclays Bank. The defendants aged between 28 and 64 were charged with £100,000 worth of criminal damage at Barclays HQ in Canary Wharf last year. They will be sentenced in late January next year and could be facing a maximum penalty [...]
UK businesses fear supply chain chaos will ruin Christmas trading December 5, 2022 UK businesses are anxious that supply chain chaos and soaring costs that have punctuated this year will scupper the lucrative Christmas trading period, a new survey out late last night revealed. Nearly half of British firms are concerned about the rising cost of sourcing materials to produce products, making it the most common problem businesses [...]
‘Government can change’ UK economic stagnation, CBI urges December 5, 2022 The UK risks another “lost decade of growth” unless the government takes action to strengthen companies’ confidence in the economy, the country’s top business group warned today. Rishi Sunak must create an environment that incentivises business investment to avoid prolonging the UK’s growth malaise since the financial crisis, according to the Confederation of British Industry [...]
Week ahead: Inflation expectations numbers top City’s agenda December 4, 2022 Investors this week will be eyeing fresh data revealing how long households think high inflation will stick around in the UK for clues on the size of the Bank of England’s next interest rate rise. Last week, London’s premier FTSE 100 index climbed nearly one per cent to 7,556.23 points, while the domestically-focused mid-cap FTSE [...]
London markets post mixed day as banks take a tumble December 1, 2022 London markets posted mixed performance today as big industrial firms and banks dragged the FTSE 100 lower. The capital’s premier index dropped 0.19 per cent to 7,558.49 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, climbed 1.28 per cent to close at 19,409.42 points. [...]
A question of financial inclusion December 1, 2022 Lord Holmes asked His Majesty’s Government what steps they are taking to increase financial inclusion in England.
Britain’s factories already in recession on ‘lethal cocktail’ of constraints December 1, 2022 Britain’s factories are already in recession sparked by demand receding as the country’s economy slumps, a closely watched survey out today reveals. S&P Global and the Chartered Institute of Procurement and Supply’s (CIPS) purchasing managers’ index (PMI) inched higher to 46.5 last month from 46.2 in October. Despite the slight rise, the survey remained far [...]
Exclusive: Labour targets £30m war chest for next election November 30, 2022 Labour party bosses want a £30m war chest to fight the next election, with Sir Keir Starmer stepping up his efforts to attract private donations to the party. Starmer has increased his appearances at donation dinners over recent months, according to Labour sources, as the party tries to break its financial dependence on the unions. [...]