Uncertainty from our leaders is keeping our economic recovery wavering on the brink February 2, 2022 In November last year, the UK’s total GDP output finally regained its pre-pandemic level. But although the economic recovery is on an upward trajectory, there is a disconcerting stop-start hesitancy to it. A reasonable indicator of where the economy stands in any given month is the purchasing managers’ index which shows the prevailing direction of [...]
‘Tax-cutting Conservatives’ Boris Johnson and Rishi Sunak confirm tax rise is going ahead January 30, 2022 The Prime Minister and Chancellor have doubled down on a controversial planned tax hike to boost health funding, after it was reported that Boris Johnson was “wobbling” on the policy. The PM is under pressure from some Conservative MPs to scrap or at least delay the national insurance increase to win back support as he [...]
Oil prices rebound as fears of Russia invading Ukraine rise January 25, 2022 Oil prices have recovered amid growing fears of Russian invading Ukraine and a consequent tightening in supplies.
Inflation and supply chain crisis to throttle UK economy, IMF warns January 25, 2022 The global supply crunch and roaring inflation will choke UK growth this year, the world’s economic watchdog warned today. A combination of the supply chain crisis rumbling on and the cost of living corroding Brits’ incomes has prompted the International Monetary Fund (IMF) to downgrade their forecasts for UK economic growth this year to 4.7 [...]
British factories prepare to launch quickest price hike cycle since 1977 January 25, 2022 British factories are preparing to launch a rapid cycle of price rises to offset a cost onslaught, reveals a closely watched survey released today. The fresh print adds to agitation at the Bank of England over inflation becoming entrenched in the UK economy as a result of businesses baking in soaring costs to their pricing [...]
Oil prices slide as production ramps up Stateside January 21, 2022 Oil prices have tumbled as market sentiment took a downturn following rising inventories the US, with questions over future benchmark performance.
TfL under fire over ‘unfair’ proposed Piccadilly line premium fare to Heathrow January 20, 2022 Transport for London (TfL) is under fire over a proposed increase to Piccadilly line’s journeys to Heathrow, according to recent reports. To be put in place between Zone 1 and Zone 6, the ‘premium fare’ would see commuters pay 60 per cent more to travel, with peak prices implemented all day instead of during rush [...]
Government will take almost 400 years to complete cladding remediations at current pace of fund January 18, 2022 The government is anticipated to take almost 400 years to fix buildings affected by unsafe cladding, should works continue at their current pace. A dozen unsafe buildings – who have been registered with the government’s £5bn building safety fund – have seen remediation works completed. Out of 3,191 buildings with non-composite material cladding initially registered [...]
There are more Chinese agents like undercover spy Christine Lee as Communist party targets British MPs, Priti Patel warns January 14, 2022 There will be more Chinese spies that engage in “political interference activities” on behalf of the ruling communist party, Priti Patel has warned. The Home Secretary said the UK had “other adversaries” who would “look to interfere or come into our country in some shape and way” after it was revealed a senior Labour MP [...]
Expected 50 per cent hike in energy bills may trigger ‘devastating’ national emergency for millions of older Brits January 13, 2022 An anticipated price jump of about 50 per cent for energy bills across the country, likely from April onwards, can lead to a national emergency for millions of older people, a charity warned this morning. Age UK has urged ministers to take immediate and decisive action on energy bills to “mitigate the potentially devastating impact [...]