Young, female, living in London: Who are the millions of people in the capital struggling to make ends meet? March 29, 2022 Five million working people now face the prospect of being unable to meet their financial commitments, according to new research shared with City A.M. this morning. from Baringa, the business consultancy. In the wake of the pandemic and with inflation at a 30 year high, specific groups of workers, such as women and young people, [...]
G7 leaders call on OPEC to raise oil supplies March 25, 2022 The leaders of the G7 nations yesterday urged OPEC to boost oil production following Russia's invasion of Ukraine.
What impact is “greenflation” having on commodities? March 24, 2022 Under-investment in the supply of commodities across energy, metals and agriculture, as a result of policies to mitigate climate change, is limiting supply growth and driving prices higher. Commodities outperformed bonds and equities for the first time in almost a decade in 2021. Even before the Russian invasion of Ukraine, these trends looked set to [...]
Britain’s birth rates put our economy at risk and men need to see the real problem March 24, 2022 This year, the ONS announced that for the first time, half of UK women were childless by their 30th birthday. As women leave it later and later to have children, the Great Baby Bust spells trouble for the UK. An ageing society brings serious problems, from falling standards of living to a slower rate of [...]
Fresh 30-year high inflation print wobbles London investors March 23, 2022 A fresh 30-year high UK inflation print wobbled London’s top indexes today. The capital’s premier FTSE 100 index dipped 0.22 per cent to 7,460.63 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.53 per cent to 21,001.62 points. Fresh data released today by [...]
UK watchdog warns millions of Brits face financial difficulty March 23, 2022 The Financial Conduct Authority (FCA) has warned that the cost of living crisis has put millions of Brits at risk of facing "serious financial problems."
Sunak cuts fuel duty to ease pressure on motorists March 23, 2022 Fuel duty will be cut by five pence per litre for the next 12 months, revealed Chancellor Rishi Sunak in the Spring Statement today.
Will the world economy avoid an inflationary bust? March 23, 2022 Today’s high inflation is being compared to the 1970s. However, robust consumer spending, fuelled by pandemic savings, makes for a different set of circumstances. Memories of the 1970s were evoked as the price of Brent crude oil temporarily climbed above $139 a barrel in the wake of Russia’s invasion of Ukraine. That was a period [...]
Home transactions up with market for pricey properties booming compared to pre-Covid levels March 22, 2022 Property transactions hit 96,250 last month, with big spenders buying more than before the pandemic. Transactions were up 15 per cent in February, compared to 83,450 in January, according to HMRC’s latest data on home transactions. Total sales for the first two months of the year stand at 179,900, some 18 per cent lower than [...]
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 [...]