Global ad industry set to grow 8.4 per cent despite Chinese slowdown and inflationary sting June 13, 2022 The global advertising industry is expected to grow 8.4 per cent this year, as global markets continue to make a slow comeback.
Johnson says income tax cuts will only come after inflation falls June 13, 2022 Boris Johnson has said he will only bring in promised income tax cuts after the UK’s current bout of inflation has weakened. The Prime Minister today said the government wants to cut taxes “as fast as we can”, but that the priority is taming an “inflationary spike that we need to get through right now”. Johnson [...]
Unexpected economic reversal indicates UK is ‘perilously close to a recession’ June 13, 2022 An unexpected reversal in the UK economy indicates the country is “perilously close to a recession,” according to City economists. Gross domestic product (GDP) in the UK fell 0.3 per cent in April, marking the second month in a row the economy has shrunk, according to figures published today by the Office for National Statistics [...]
Gold prices dive as hawkish Federal Reserve prepares to counter inflation with interest rate hike June 13, 2022 Gold prices plummeted $20 per ounce today with growing expectations of a hefty basis point hike in interest rates from the Federal Reserve this week.
Molten Ventures poised to slash investment by half after profits jump to £301m June 13, 2022 London-listed venture capital firm Molten Ventures reported a surge in the value of its portfolio in the last 12 months but warned today it was braced for a slowdown in the year ahead as inflation begins to bite.
Markets struggle after worse-than-expected figures June 13, 2022 The price of Bitcoin has fallen more than eight per cent over the past 24 hours, dropping as low as $25,000 this morning.
UK economy shrinks 0.3 per cent amid recession worries June 13, 2022 The UK economy shrank in April, for the second month in a row, amid fears of a recession. Gross domestic product (GDP) declined by 0.3 per cent in April, following a 0.1 per cent drop in March, according to figures published by The Office for National Statistics on Monday morning. The drop was fuelled by a [...]
London outpaces UK growth in May but signs of hard times begin to emerge June 13, 2022 LONDON’S businesses outperformed the rest of the UK in May but there are signs staff shortages and inflation are starting to bite, according to a closely-watched business activity index. Natwest’s monthly tracker of both manufacturing and services suggests London’s businesses continued to expand last month but at the slowest rate since the ‘pingdemic’ last year. [...]
Food strategy ‘half baked’ say farmers but producers’ body gives guarded welcome June 13, 2022 THE GOVERNMENT is set to ditch plans to put increased taxes on sugary and salty foods in its food strategy, set to be published today. The strategy will also put in place an independent review into labour shortages in the food supply chain, with a lack of workers causing farmers real issues in recent months. [...]
Top dining chains see losses swell as inflationary pressures hammer the high street June 13, 2022 The country’s top restaurants have seen losses swell considerably in the past six months, surpassing the £800m mark. According to analysis from accountancy firm UHY Hacker Young, losses at the top 100 restaurants swelled 24 per cent from £673m to £832m in just the past six months shows a new study by UHY Hacker Young, [...]