Without proper financial education, this year will be a baptism of fire for Gen Z January 5, 2023 Whilst a recession has an impact on every generation, in 2023 it’s Gen Z who are going to find the transition into a sharp economic downturn the hardest. With no savings, and finding themselves just entering the world of work, this prolonged period of economic uncertainty coincides with the first time many of them will [...]
Recession in “full swing” as inflation puts small businesses in “critical” state January 4, 2023 Recession in Britain is now in full swing with experts warning of a “critical” situation for small businesses up and down the country, according to fresh data, as the economy turns sour to start 2023. Brits are reining in spending to withstand the impact of record-high inflation on their budgets, resulting in one in four [...]
Starmer promises Labour will deliver ‘decade of renewal’ after doubts cast over Sunak pledges January 4, 2023 A Labour government will deliver “a decade of national renewal” to show “the light at the end of the tunnel” for the British people, opposition leader Sir Keir Starmer will claim in his first speech of 2023 tomorrow. Speaking in Stratford, East London, Starmer, 60, is set to characterise the more than decade of Conservative [...]
Federal Reserve signals more rate hikes to slay inflation and warns against market optimism January 4, 2023 The US Federal Reserve needs “substantially more evidence” proving inflation is falling quickly from red hot levels before ending its aggressive interest rate hike campaign, minutes from its latest meeting reveal. Officials at the world’s most influential central bank unanimously agreed to slow the pace of rate increases to 50 basis points in December from [...]
Amazon Prime, Spotify set to be worst hit by Brits cancelling subscriptions January 4, 2023 British households are cancelling online subscriptions as the cost of living soars, with Amazon Prime and Spotify among the most-searched subscriptions to be cancelled, according to a new study. According to a new study by VPN Online, Brits are increasingly cancelling their streaming subscriptions to save money amid sky-high inflation. In 2022, the average Brit [...]
Property boss urges Sunak to ditch tax breaks for eco-friendly home owners in 2023 January 4, 2023 Plans to offer stamp duty refunds to home owners who make their properties more eco-friendly are simply “a bad idea,” one of Britain’s largest property associations has told City A.M.. Banks last year urged the Government to incentivise changes by refunding stamp duty to buyers who pay for green upgrades within two years of making [...]
Rishi Sunak: I’ll halve inflation and get the economy growing again January 4, 2023 Rishi Sunak has pledged to halve inflation and bring down NHS waiting lists, as he set out a fresh vision for his premiership with five promises to voters. In his first major speech of 2023, the Prime Minister promised to deliver “peace of mind” to the public, even as his Government grapples with an NHS [...]
What lies ahead for M&A in 2023 in EMEA? January 4, 2023 This past year has been a bit different from the prior year for M&A. After a record year in 2021, EMEA M&A saw a downshift in momentum in 2022. Both deal volumes and values in EMEA fell in the first three quarters of 2022 compared to the same time last year: there were 8,279 deals [...]
Crypto horse bolted well before US regulators’ warning shot, analysts say January 4, 2023 Crypto analysts warned that US regulators may be trying to “shut the stable door after the horse has bolted” today after the US central bank and financial watchdogs sounded the alarm over the risks that cryptocurrencies could pose to mainstream lenders. The Federal Reserve, alongside the Federal Deposit Insurance Corporation and the Office of the [...]
Experts predict house prices will fall in 2023 – but it’s not all bad news for homeowners January 4, 2023 Homeowners can expect to see house prices fall this year by as much as six per cent over the year, according to a leading property association. The boss of the National Association of Property buyer Jonathan Rolande does though expect activity and demand to pick up in the summer months. ““This will negate some of [...]