Pensions better than property? And, how a nudge might make you wealthier in later life February 24, 2023 The property boom of the last few decades has given rise to the idea of a home not just as a castle, but as bonafide crock of gold which can be used as an alternative to a pension. Pension provider Standard Life has carried out research that shows how different generations are answering the age-old [...]
UK edges further away from recession as families’ economy and inflation outlook brightens February 24, 2023 Another brighter than expected set of economic numbers out today indicate the UK has a chance of avoiding a much-tipped recession this year. Consumer confidence climbed faster than forecast to minus 38 points this month, up seven points from minus 45 points in January, according to research firm Growth for Knowledge’s index which has been [...]
Childcare rules on Universal Credit are keeping single parents out of work February 24, 2023 If Rishi Sunak wants a balanced budget to put life back into Britain’s workforce, he needs to help single mothers on welfare back to work.
FTSE 100 close: London index slides into red despite Rolls-Royce scaling more than 20 per cent February 23, 2023 London’s FTSE 100 fell further away from the 8,000 point mark again today despite investors pouring into aerospace giant Rolls-Royce. The premier index shed 0.29 per cent to close at 7,907.71 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, jumped 0.59 per cent to [...]
Hays CEO steps aside as recruitment firm’s half year profits fall amid fears of tougher labour market February 23, 2023 London-listed recruitment firm Hays is on the hunt for a new chief executive, as the firm sees net fees rise 15 per cent but profits fall during the last half of 2022. Alistair Cox, said he was stepping down after 15 years at the helm, however he will remain to steer the company until a [...]
Explainer: If the middle class can’t afford electric cars, what about everyone else? February 23, 2023 Green innovation always had one big problem to grapple with: affordability. Healthy, organic food is great, but not as long as it’s affordable only for the privileged few clients of Planet Organic. A pair of sustainable socks can cost you up to £30. This is not to say that those who can afford to make [...]
Bank of England Mann warns interest rates need to keep rising to squash inflation February 23, 2023 Interest rates in the UK will have to keep rising to prevent inflation sticking around for too long, a member of the Bank of England’s monetary policy committee (MPC) warned today. Catherine Mann, who joined the rate setting group in September 2021 as an external member, said at an event hosted by the Resolution Foundation [...]
Looking at securities fraud in crypto, what makes a lawyer worry, and the famous ‘uncertainty principle’ February 23, 2023 Crypto lawyer Charlie Kerrigan examines the uncertain world of US securities laws and why they can be applied in the UK.
UK will have highest growth in G7 under Labour, Keir Starmer pledges February 23, 2023 The UK should become the highest growth economy in the G7, Labour leader Sir Keir Starmer has said, as he unveiled a package of national missions. Speaking in Manchester this morning, Sir Keir revealed a set of five ambitions for the country, with a general election expected to take place in the next 18 months. [...]
Volatility returns to crypto markets and Bitcoin is back over $24k following mixed inflation info February 23, 2023 Bitcoin retraced after the Fed’s mixed messaging of slowing markets with persistent high inflation before rallying again to $24,454.