Tax Spotlight: How the jump in national insurance will affect you and your household April 6, 2022 As Brits try to juggle surging living costs on a shrunken wage packet, experts have warned the pain of the rise in national insurance will be felt by people on their next payday, Here is a look at why the increase is happening and why “awful April” is seen as just the start of a [...]
UK inflation to scale to twin peaks in April and October April 6, 2022 Inflation in the UK will have twin peaks this year in a sign that households will absorb a double hit to their living standards. At the start of the year, the cost of living was originally forecast to peak in April, driven by the energy watchdog hiking the cap on energy bills 54 per cent. [...]
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 [...]