UK banks report more defaults – and it’s likely to get worse April 13, 2023 Banks and building societies have seen an uptick in defaults in both secured and unsecured lending – a trend that is expected to continue over the next three months, according to new data published by the Bank of England today. In the three months to February, UK lenders included in the Bank’s credit conditions [...]
UK economy stalls in February but is just about on track to dodge recession in early 2023 April 13, 2023 Britain is just about on track to dodge a recession in the first half of this year, defying gloomy predictions from experts heading into 2023 that the economy would suffer the largest slump in recent memory, figures out today show. Gross domestic product (GDP) – which measures the value of all goods and services produced [...]
Sadiq Khan’s London ULEZ expansion faces court challenge from Tory councils April 12, 2023 A judicial review into the expansion of the ultra low emission zone (ULEZ) across Greater London has been granted after a court ruling, it has emerged. London mayor Sadiq Khan opted to push ahead with plans to roll out the zone across all of outer London, from August 29, last year in the face of [...]
North Sea energy giants told to ‘read the room’ on windfall tax demands April 12, 2023 Green groups have urged the government to maintain the toughened windfall tax amid pressure from the North Sea industry.
Recession clouds lift over UK jobs market as hiring begins to recover April 12, 2023 Recession clouds are receding from the UK jobs market as companies gradually regain confidence about hiring workers following a batch of better than expected economic data since the turn of the year, new figures out today reveal. Firms are dipping their toes back in the recruitment market, lured by household spending holding up better than [...]
IMF: UK economy to toy with recession this year – and fall to the bottom of global growth leaderboard April 11, 2023 Britain is steering toward the bottom of the G7 economic growth table this year and will toy with a recession for most of 2023, the world’s economic watchdog warned today. UK gross domestic product is tipped to shrink 0.3 per cent per cent in 2023, the weakest performance of any economy in the group of [...]
FTSE 100 close: Glencore and Rio Tinto power London index upwards despite downbeat IMF projections April 11, 2023 London’s FTSE 100 kicked off a shortened trading week in robust fashion today, lifted by miners scaling higher despite the International Monetary Fund (IMF) warning the global economy is on course to suffer a sharp slowdown over the coming decade. The capital’s premier index jumped 0.57 per cent to 7,785.73 points, while the domestically-focused mid-cap [...]
Get reliable answers to your accounting and legal questions April 11, 2023 Dragon Argent is a boutique advisory, accountancy, tax and legal company providing a unified customer service for founders and entrepreneurs. It combines the diversity of professional competencies with the opportunities encountered by the founders of tech startups . Its services are flexible, diverse and highly commercial for startup founders and SMEs in the UK. Advisors have [...]
Netflix and starve: Cash strapped Brits cut back on groceries and spend more on TV subscriptions April 11, 2023 Cash strapped Brits have cut back on grocery shopping and dining out last month, but spent more on streaming services services Netflix. Consumer card spending grew just 4.0 per cent year-on-year in March, less than half of the latest inflation rate of 9.2 per cent, as the cost of living crisis drives consumers to cut [...]
Even before the cost of living crisis, Brits struggled to understand their own finances April 11, 2023 Even before the pandemic, inflation and the energy crisis put the "cost of living" at the forefront of our minds, Brits across the country were struggling to manage their finances, writes Nicholas Lyons.