Brexit has contributed to UK inflation crisis, BoE’s Pill claims November 30, 2022 Brexit is partly to blame for UK inflation surging to a 41 year high and engineering a recession, the Bank of England’s top economist claimed today. Speaking at an event hosted by the Institute of Chartered Accountants, Huw Pill said worker shortages in Britain had been “met by the inflow” of EU migrants while the [...]
FTX, LUNA, Celsius, et al – a post-mortem November 30, 2022 Dr Chris Kacher checks the health report of some deeply troubled crypto platforms as he lauds the inevitability of the metaverse.
Private bank Julius Baer fined £18m over ‘corrupt’ dealings with Yukos Oil November 30, 2022 The UK’s financial watchdog has fined private bank Julius Baer more than £18m over its “corrupt” dealings with Russian oil company Yukos Group. The UK’s Financial Conduct Authority (FCA) today fined Julius Baer’s international business £18,022,500 and sanctioned three of its executives, over the private bank’s use of third-party agents in carrying out business with [...]
Bitcoin creeping up on $17k while Ethereum also making strides November 30, 2022 Bitcoin was trading around $16,880 this morning after briefly breaching $17,000 in the early hours, adding 2.31% to its price from yesterday.
Rail strikes: Time for the government to bang some heads together November 30, 2022 Government has continued to claim rail strikes are a private discussion - but it's time for them to muscle in and find a deal
Truss budget fallout will drag on growth, LendInvest warns November 30, 2022 Property fintech LendInvest has warned that the fallout of Liz Truss’s disastrous mini-budget in September will drag on growth in the second half of the year, as borrowing slows amid sharp interest rate hikes.
Eurozone inflation drops for first time since mid 2021 and may have ‘passed its peak’ November 30, 2022 Inflation in Europe fell for the first time since mid 2021 and may have passed its peak, fresh figures out today reveal. Prices across the 19 countries using the euro climbed 10 per cent over the year to November, down from a rate of 10.6 per cent in October, according to Eurostat. The drop was [...]
Bar operator Loungers posts lower earnings after government Covid support ends November 30, 2022 Bar group Loungers has posted lower earnings for the half-year, after it benefited from government aid with VAT and business rates last year. The Cosy Club and Lounges operator posted 53 per cent revenue growth, compared to the equivalent pre-pandemic half-year period in 2020. However, adjusted EBITDA came in at a subdued level compared to [...]
Unaffordable Christmas meals loom as food inflation skyrockets to record 12.4 per cent November 30, 2022 It has emerged that food inflation has surged to 12.4 per cent to hit a new record amid predictions of dampened Christmas cheer and an “increasingly bleak” winter. Overall shop prices are now 7.4 per cent higher than last November, up from 6.6 per cent in October, to set another record since the British Retail [...]
If we want Britain to be the next Silicon Valley, we need an Open University for skills November 30, 2022 The UK has a proud history as a technology pioneer: from the steam engine to the worldwide web, British inventors have been at the forefront of technologies that have transformed lives across the world. But today our status as one of the world’s leading science and technology hubs is under threat. Digital skills shortages, which [...]