The Festival of Words: From Gyles Brandreth to Anthony Scaramucci – all you need to know about the Fleet Street Quarter festival
Why you should never, ever bet against UK house prices May 9, 2023 Remember the start of the year? “UK house prices have gone into sharp reverse over recent months. And we expect that elevated mortgage rates will result in at least a 12 per cent price correction,” so said Capital Economics at the time. This is from building society Nationwide last week: “While annual house price growth [...]
London cabbies’ green ambitions slowed by poor EV charging set-up, warn taxi firms May 8, 2023 Taxi firms have called for more action from government and City Hall to address failures in London’s EV charging infrastructure, which they argue is slowing the transition to electric fleets. “There’s work to be done on infrastructure,” Liam Griffin, CEO of Addison Lee, told City A.M. “When we signed up to this, there were all [...]
Local elections analysis: Do results suggest fear of complacency was misplaced? May 5, 2023 Poll leads can be a tricky thing for opposition parties, as Labour has shown in recent weeks. Lean in too far and risk appearing complacent. But downplay it too much, and you could fail to capitalise on a popularity boost. What everyone – from activists to frontbenchers – really want is cold, hard evidence of [...]
Coronation and your cash: How much have prices – and life in the UK – changed since 1953? May 5, 2023 When Queen Elizabeth II was crowned 70 years ago in 1953, the price of a pint was less than 10p, the average house price was around £1,800, and the average salary was £10 a week. But that’s not all that has changed, this year’s Coronation of King Charles III takes place in a nation where life [...]
Allica Bank’s Richard Davies on navigating crises and plans for business banking domination May 4, 2023 Amid a crowded field of UK challenger banks, Allica's function-over-fashion approach is serving it well, says CEO Richard Davies
Jet-setting Brits ready for summer but it’s oil prices that could really take off May 2, 2023 Resurgent demand in the world’s most developed economies could prove to be a major tailwind for oil prices.
UBS: Mortgage litigation hits profits but inflows soar after Credit Suisse takeover April 25, 2023 UBS reported significant inflows across the bank in the first quarter as customers sought the bank’s stability but its profit more than halved due to costs from legacy issues dating back 15 years. In the first quarter, UBS saw $28bn of new money in global wealth management, of which $7bn came in the last ten [...]
Britain’s renters are the real victims of this inflation and interest rate crunch April 25, 2023 People doubtless would’ve gasped at headlines last week about UK interest rates being on course for five per cent. Such a path looked implausible in March when Silicon Valley Bank’s collapse and Credit Suisse’s shotgun marriage to UBS sparked fears of a financial market meltdown. After those events, traders trimmed their expectations of how much more [...]
Gary Gensler’s creation of confusion is a toe-curling problem for crypto April 21, 2023 Jason Deane explains why he's still unfurling his toes after watching a particularly painful episode of the Gary Gensler Show.
UK economy in ‘early stages of recovery’ as families shrug off inflation and interest rate hikes April 21, 2023 Britain’s economy could be in the early stages of a recovery, with consumers holding up pretty well under the pressure of high inflation and interest rate increases, a closely watched survey out today indicates. Families’ outlook on how well the economy will perform over the coming year is improving, while confidence in their own personal [...]