Johnson says NI tax rise ‘unquestionably’ right thing for UK as tax hike comes in today April 6, 2022 Boris Johnson has said the increase in National Insurance is “unquestionably the right thing for our country” on the day the tax hike comes into place. Johnson said he has “absolutely no problem” with the tax hike as “we’ve got to give our doctors and our nurses the wherewithal, the funding” to deal with the [...]
Bank of England to launch 1980s style rate hike cycle as it scrambles to douse down rampant inflation April 6, 2022 The Bank of England will hike interest rates at the quickest pace since 1988 this year as it scrambles to douse down rampant inflation. 0Threadneedle Street will lift borrowing costs four more times this year, taking the calendar year total number of hikes to six, according to forecasts by investment banking giant JP Morgan. The [...]
Sunak’s public popularity falls off a cliff as new poll reveals 24-point drop April 6, 2022 Rishi Sunak’s popularity has taken a mighty blow, with a new poll revealing that his approval rating has fallen by 24 points in the two weeks since his mini-budget. A YouGov poll has revealed that Sunak’s approval rating has dropped to -29 in the two weeks since his economic spring statement, which was widely criticised [...]
Exclusive: City heavyweights are top firms for career growth, says LinkedIn April 6, 2022 City headquartered firms have been named as the top companies to work at for career growth, according to LinkedIn research shared exclusively with City A.M. today. Barclays retained its crown, wrestling with Lloyds Banking Group and HSBC, which make the top three companies on the list – all with London HQs. Chasing the coattails of [...]
As Rishi wades through the cost of living crisis, static growth is waiting in the wings April 6, 2022 The short-term pressures on Rishi Sunak have continued to grow in tandem with the cost of energy and everyday essentials. Conservative MPs are increasingly panicked about being saddled with a label of being “high tax Tories”. But underlying all of this is a much more worrying phenomenon. Since the financial crisis of the late 2000s, [...]
Surging living costs and remote working could create perfect burnout storm April 5, 2022 More than two-fifths (43 per cent) of UK employees feel more isolated while working from home, polling from tech company Asana shows. At the same time, 42 per cent said remote working has meant they no longer have a clear start or finish time during their working day. The study shows that UK workers waste [...]
Food banks struggle to keep up with 99 per cent of all free food points seeing surge in demand as cost of living crisis rages April 5, 2022 Thousands more households are turning to the UK’s food banks for the first time as the cost-of-living crisis deepens, according to new research shared this morning. A new survey by community giving platform Neighbourly and Aldi – which work together to distribute surplus food from the supermarket’s stores – almost all food banks (99 per [...]
Explainer-in-brief: Macron gears up for the first hurdle of the election April 5, 2022 France will head to the first set of polls this Sunday, with Emmanuel Macron widely expected to be re-elected – but not without a challenge. He currently sits with a projected 27 per cent lead, followed by right-wing Marine Le Pen who has around 20 per cent, hard-left Jean-Luc Melenchon with 15 per cent and [...]
Supermarket till sales down four per cent last month as online shopping and cost of living hit hard April 5, 2022 Supermarket till sales continue to feel the impact of online buying brought about by the pandemic, with a four per cent fall last month. A new study indicates that online sales also fell almost 20 per cent from last year, as the cost of living crisis continues to change consumer habits. The report by NielsenIQ [...]
March car production falls to lowest in 24 years as markets feel supply chain squeeze April 5, 2022 The UK’s automotive production in March fell to the lowest since 1998 as markets continued to feel the supply chain squeeze. According to data from the Society of Motor Manufacturers and Traders (SMMT), new car registrations fell by 14.3 per cent to 243,479 units while overall the first quarter of 2021 reported a 1.9 per [...]