Have our global banking and financial systems hit their Uber moment? July 4, 2023 Antony Abell looks at the banking industry and asks if there's a better, more sustainable future that enables broad wealth.
Sunak REFUSES to put percentage on chances of halving inflation this year July 4, 2023 Rishi Sunak has refused to put a percentage figure on his chances of halving inflation this year. The prime minister appeared at parliament’s Liaison Committee this afternoon where he was quizzed by MPs on subjects from Ukraine and national security to the cost of living. It came almost exactly six months after he made his [...]
UK now only rich country where inflation is rising despite Bank of England interest rate hikes July 4, 2023 Britain is now the only rich country where inflation is rising, signalling the Bank of England’s series of interest rate rises have been less effective than its peers’, new data out today shows. Inflation across the Group of Seven (G7) nations fell to 4.6 per cent in May, down from 5.4 per cent in April, [...]
Brits spend £4.1bn drinking beer at home during cost of living and price of a pint crises July 4, 2023 Brits are staying at home and cracking open cold beers from the fridge, as twin cost of living and price of a pint crises change drinkers’ habits. New research out today show a 25 per cent surge in beer sales in supermarkets and shops outside local boozers, during the cost of living crisis. While the [...]
The hypocrisy of crypto regulation – oblivious or nefarious? July 4, 2023 Jason Meyers walks through the SEC's view of regulating cryptocurrency and points out flaws in the design of regulatory compliance.
Gold prices robust as more Fed interest rate hikes loom July 4, 2023 Gold prices are showing signs of resilience in this week's trading, following a two week decline that saw $30 knocked off its value.
Sainsbury’s: ‘Food inflation starting to fall’ as supermarket giant reports grocery sales surge by 11 per cent July 4, 2023 Sainsbury’s has claimed “food inflation is starting to fall” as it recorded an 11 per cent hike in grocery sales in the first leg of the year. The ‘Big Four’ grocer, recorded an inflation-led 9.8 per cent like-for like-increase in total retail sales excluding fuel in the first quarter of the year up from 4 [...]
Much like the UK economy, pound sterling suffers from a certainty deficit July 4, 2023 Barrelling around in the piping of the UK economy so far this year has been a sustained pound sterling rally. Britain’s currency in 2023 has been one of the best performers in the rich world. It is up nearly five per cent against the US dollar at $1.26, a far cry from the record low [...]
Rishi Sunak and Jeremy Hunt urged to raise investment to unlock £150bn economic boost July 4, 2023 Rishi Sunak and Jeremy Hunt should ramp up government investment spending to unlock a £149bn boost to the UK economy, an influential think tank has urged today. Spending on quality capital projects like expanding renewable energy infrastructure and improving transport networks could “pay for itself” by yielding tens of billions of pounds in growth and [...]
Tories urge Sunak to cut migration amid record Channel crossings July 4, 2023 A group of Tory MPs have launched an alternative Conservative manifesto urging Rishi Sunak to slash migration figures amid a record number of Channel crossings in small boats. The New Conservatives group say their 12-point plan would see net migration down by around 400,000 before the next election and warn the PM “risks eroding public [...]