Bitcoin and Ethereum lead the way as crypto markets turn green again March 22, 2022 The Bitcoin price is back above the $42k mark this morning, up three per cent over the past 24 hours and 10 per cent over the past week.
Six strategies for your retirement income March 22, 2022 What surprises me most about my wife’s catering business is how much food is usually left over. I often ask: ‘Is there a better way to manage food costs?’. Her answer is always the same: ‘Better to have food left over than fall short.’ She has the exceptional ability to estimate how much each person [...]
London’s councils call for share of £2.6bn levelling up fund March 22, 2022 London’s councils are calling for a slice of the £2.6bn fund earmarked for the government’s levelling up agenda to also be given to the capital in Rishi Sunak’s spring economic statement tomorrow. London Councils, an association representing all 32 of the capital’s councils, has urged Sunak to ensure that London receives from the UK Shared [...]
A ‘policy light’ spending review must still grapple with cost of living woes March 22, 2022 Chancellor Rishi Sunak wants onlookers to pay little attention to Wednesday’s spring statement. Policy-light has been the line from the Treasury. Very few have been tempted into believing the Chancellor will sit on his hands and Sunak’s announcements tomorrow are set to finally reveal his true preference for the level of state intervention in the [...]
Without private investment, the housing crisis will keep spiralling out of our hands March 22, 2022 In the UK there is a chronic shortage of new homes and a lack of capital to invest in making our existing housing more sustainable. Politicians and policymakers have been plagued by this in the UK and across the globe for years, if not decades. The government has an ambitious target of 300,000 new homes [...]
Inflation to climb again in fiscal headache for Sunak March 21, 2022 Inflation in the UK will accelerate to its highest rate since 1991, according to bets placed by City economists on Wednesday’s fresh data released ahead of Chancellor Rishi Sunak’s spring statement. The rate of price rises will breach six per cent, new figures from the Office for National Statistics (ONS) will show. Rising energy and [...]
1 Minute Market Rundown – 21st March 2022 March 21, 2022 Russia – UkraineRisk bouncesCrypto finds support We find it rather telling that on Friday, a day you would have expected risk to be sold as the market headed into the weekend, saw stocks and crypto push higher. Now there could be a number of reasons for this. 1) the market is becoming accustomed to the [...]
Letters: Weaning off Covid-19 cash March 21, 2022 [Re: Small business lending tumbles amid strong economic rebound, March 14] UK Finance data shows strong economic recovery from the pandemic led to borrowing among small businesses falling off a cliff last year. However, we observed a 58 per cent year-on-year increase in SMEs seeking finance in January 2022, demonstrating a rebound in activity and [...]
Hospitality chiefs call on Sunak to reverse VAT hike or leave London businesses ‘unviable overnight’ March 20, 2022 Hospitality heads have said the government’s plans to increase VAT from current rates of 12.5 per cent to highs of 20 per cent at the start of next month will see some London businesses “become unviable overnight.” Industry chiefs warned that Chancellor Rishi Sunak’s plans to hike consumer taxes on food, soft drinks, accommodation, and [...]
Saturday Sitdown: Soho Housing’s chief on why ‘we need to rethink the way we use central London’ March 19, 2022 Insurance giant Admiral recently warned that nearly nine out of ten Londoners can no longer afford the average cost of rent in the capital. The demand for rooms to rent is much higher than the available supply, thereby leading to such increases that most Londoners cannot keep up with, the company cited as the main [...]