London is being hollowed out of clever 20-year-olds refusing rent hikes February 16, 2023 Young, talented people are leaving London in flocks because they can't afford the record spike in rents. It risks making the capital a place for the super wealthy only, writes Elena Siniscalco
Sturgeon’s resignation is an admission she would never lead an independent Scotland February 16, 2023 Nicola Sturgeon, like many SNP politicians before her, succumbed to fundamentalism when it came to Scottish independence. This marked her end as first minister, writes Will Cooling
The best hot hatchbacks to buy in 2023 February 15, 2023 We’ve assembled the best hot hatchbacks to buy in 2023, including the Hyundai i20 N, Mercedes-AMG A45 S and Honda Civic Type R.
ESG: City firms feel pressure of rule changes as clampdown on greenwashing expanded by regulators February 13, 2023 City firms are feeling the pressure of impending environmental, social and governance (ESG) rules this year as regulators expand plans to clampdown on greenwashing, new research has found. Financial firms in the UK have pointed to rules on sustainability as the main pinch point facing them for a second year running, ahead of a major [...]
UK narrowly avoids recession as GDP remains unchanged but Jeremy Hunt warns country ‘not out the woods yet’ February 10, 2023 The UK very narrowly avoided a recession in the final months of last year but the economy contracted sharply over Christmas, official figures out today reveal. Gross domestic product (GDP) remained unchanged in the final three months of last year, meaning the country swerved the technical recession definition of two consecutive quarters of contraction, according [...]
Deliveroo cuts 350 jobs as cost of living dims British and Irish appetite for takeaways February 9, 2023 Deliveroo has been forced to slash 350 job roles across all levels as it attempts to navigate a difficult economic outlook and a decline in take away sales post pandemic. Will Shu, chief executive of the food delivery app, revealed the news to staff on Thursday – blaming high inflation, recession fears and a decision [...]
Business lending to drop at fastest rate in decades as recession fears intensify February 6, 2023 Bank to business lending is forecast to contract sharply in 2023 while mortgage lending will grow at its slowest pace since 2011 as fears of recession intensify, economists have predicted. According to the latest forecast from EY Item Club, an economic forecasting group, bank to business lending is expected to contract 3.8 per cent this [...]
Once again the world’s economies prove that Bitcoin can be the answer to their problems February 3, 2023 Jason Deane has some telling observations from around the world and says the struggle with inflation has an obvious answer in Bitcoin.
Soaring cost of living leaves service sector at its weakest in two years, but recession fears fail to blight UK business optimism February 3, 2023 The UK’s service sector saw business activity at the start of 2023 decline for the fourth consecutive month, with the weakest performance for two years. The S&P Global/CIPS UK services PMI survey showed a reading of 48.7 in January, down from 49.9 in December; any reading below 50 is considered a decline. Although only marginal, [...]
Flying start to 2023: Shares up after 16m passengers take to skies on Ryanair and Wizz Air February 2, 2023 Shares for low-cost carriers Ryanair and Wizz Air have gone up this morning after both reported a strong start to 2023, with passenger numbers well above 2022 levels. Ryanair’s passenger numbers soared to 11.8 million in the last month, 69 per cent up on January last year, while Wizz Air’s levels soared 73 per cent [...]