Homes for Ukraine scheme: tax treatment April 20, 2022 The Government has announced that sponsorship payments under the Homes for Ukraine scheme will not be taxable and that the conditions for some tax reliefs will be adjusted to take account of the scheme. Homes for Ukraine scheme The scheme allows individuals, charities, community groups and businesses in the UK to bring Ukrainians to the UK and [...]
The City View: Michael Hewson on Germany’s Russian energy oversights and Merkel’s legacy April 19, 2022 Today Andy Silvester talks to Michael Hewson, Chief Markets Analyst at CMC Markets. They go through the latest IMF forecasts, which included downgrades and the worst growth forecast in the G7 for the UK; Germany’s exposure to energy price fluctuations, the mounting pressure to reduce its dependency on Russian oil and gas, and Angela Merkel’s [...]
Alternative investments: predictable uncertainty in private markets April 19, 2022 With experience, investment professionals acquire a better understanding of markets, become more confident of their abilities and conclude that they can interpret the world more precisely. The philosopher Karl Popper offered his take on the main issue with such determinism during a 1965 lecture titled ‘Of Clouds and Clocks: An Approach to the Problem of Rationality [...]
1 Minute Market Rundown – 19th April 2022 April 19, 2022 Russia – UkraineRisk Holds InCrypto ConsolidatesPowell to Speak Later in the Week We spoke last week of the path of least resistance being the USD higher and yields higher and that continues to be the main themes of the markets at the moment. The greenback has made fresh 2 year highs, especially against the low [...]
BNY Mellon disappoints as first quarter revenue slides by a fifth April 18, 2022 US investment bank BNY Mellon reported net profits of $765m in the first quarter, down by 18 per cent compared to the same period last year.
Eurozone inflation forecast to double this year as industry confidence plummets April 16, 2022 Inflation in the eurozone is anticipated to double to six per cent this year, piling more pressure on the European Central Bank to hike interest rates. Inflation expectations have shot up from an average of three per cent to six per cent in 2022, according to the ECB’s quarterly survey of economists. This is three [...]
Online booking agents have been behaving like kings – it’s time to topple them April 16, 2022 As the nation begins to plan summer breaks, following a tortuous two pandemic-fuelled years, a collective sigh of relief should be heard from Somerset to Stoke. But there’s little relief to be had when a broken system is driving a false market of competition. For years, the travel industry network titans have been able to [...]
ECB leaves interest rates unchanged as it commits to speed up stimulus exit April 14, 2022 The European Central Bank has announced it will leave interest rates unchanged at zero per cent today as it breaks rank with central banks that have hiked rates in recent weeks to tame rampant inflation.
1 Minute Market Rundown – 14th April 2022 April 14, 2022 Russia – UkraineChina Indicates Looser Monetary PolicyCrypto ConsolidatesECB in Focus We have spoken about the path of least resistance being the USD higher, yields higher and risk lower. Thus naturally it made sense that we saw the total opposite yesterday… We saw, in our minds, a relief rally across the board heading into the ECB [...]
Sky-high inflation forces Brits to raid pandemic savings April 13, 2022 Brits are being forced to run down their pandemic-induced savings to maintain spending amid historically steep inflation, reveals fresh figures published today. Pay is trailing behind the rate of price rises, meaning households are having to raid their war chests to maintain living standards. Over one in two Brits have already drawn from their savings [...]