No10 confirms strike-busting bill paused as ministers look to broaden scope December 15, 2022 No10 has confirmed that its bill on guaranteeing minimum service levels during strike days is being paused as ministers look to broaden its scope. “Essentially we’ve paused that bill and are looking at adding additional measures to it to widen its scope,” said the Prime Minister’s spokesperson. “We haven’t set out exactly the scope of [...]
Biffa reverses losses as it pushes price rises onto customers December 15, 2022 Bin company Biffa has reversed its losses and grown its revenue by nearly a quarter in the past six months after increasing its prices. Group revenue is up 23 per cent to £825.6m, which the London-listed company put down to cost hikes being passed down to customers amid rising inflation in the UK. Despite inflation [...]
Ofwat hikes water bills for businesses December 15, 2022 Business customers face a 6.4 per cent hike to their dual water and wastewater bills, confirmed watchdog Ofwat
RCN union boss warns of more strikes as nurses walk-out for first time in 100 years December 15, 2022 Nurses across Britain will go on strike today, as the dispute over fair pay continues. The walk-out will impact operations at 44 NHS trusts in the country, including Guy’s and St Thomas’ hospitals in London – at the busiest time of year for the NHS. Members of the Royal College of Nursing (RCN) union voted [...]
EXCL – UK investors abandon Sunak and Hunt as only one in four have faith in Tory economic policy December 15, 2022 Just over one in four UK investors have faith in Tory economic policy, with the majority concerned about slowing economic growth, according to new research shared exclusively with City A.M. today. In fact, less than a third believe Jeremy Hunt is the right person to be chancellor. Just 27 per cent have confidence in the [...]
US Federal Reserve ushers in global rate hike slow down with 50 point rise December 14, 2022 The US Federal Reserve has tamed the pace of its aggressive interest rate hike campaign tonight, but signalled borrowing costs will eventually peak much higher than previously expected. Chair Jerome Powell and the rest of the federal open market committee (FOMC) backed a 50 basis point rise in the world’s most important interest rate, climbing [...]
FTSE 100 shrugs off rosy inflation numbers as house builders drop December 14, 2022 London’s FTSE 100 shrugged off upbeat figures today that indicated the UK’s inflation surge may have finally passed its peak. The capital’s premier index edged 0.09 per cent lower to 7,495.93 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.25 per cent to [...]
CPI and the FED in focus December 14, 2022 Another interesting week in markets this time round, where it could end up being crunch time for the FED to make a decision on when these rate hikes are going to end. We’ve just had the November CPI print out of the US and have had some massive moves. Which begs the question, do the [...]
Food inflation hits Christmas dinner as fresh turkey prices up by 45 per cent December 14, 2022 Brits shopping for the key groceries for their Christmas dinner are facing eye-watering price increases, as the price of fresh turkey has rocketed by as much to 45 per cent. Shortages arising from an outbreak of bird flu now mean that fresh turkey prices have soared in recent weeks, while choices for consumers are also [...]
House prices shoot up 12.6 per cent but London has lowest growth across UK December 14, 2022 The price of a property in the UK has shot up by 12.6 per cent over the last year with the average now sitting at just below £300,000. The latest House Price Index figures from the Office for National Statistics show the monthly increase was minimal however, at just 0.3 per cent. London however had [...]