Four in ten Brits consider job change to counter higher cost of living and rising inflation March 11, 2022 Almost forty per cent of people polled this week have considered changing jobs to counter rising inflation and costs of living. Pressures are showing on people’s wages and mental health, with leading employment board Totaljobs urging employers to support their workers through difficult financial times. In a survey published this week, 37 per cent of [...]
Rishi Sunak urged to ‘turn wise words into action’ by FSB chair after small retailers feel ‘abandoned’ March 11, 2022 The chair of the Federation of Small Businesses (FSB) has urged chancellor Rishi Sunak to “turn wise words into action”, after the vast majority of micro firms said they felt “abandoned” by his policies. As the cost of living crisis continues to bite for retailers and consumers alike, 2,000 independent retailers were surveyed through Not [...]
We need to hold our nerve on green levies as the energy crisis starts to bite March 11, 2022 Disruption in the energy markets is set to drive up bills for every family and business in Britain. With gas prices in the UK recently reaching an all-time high, the consumer impact will be profound. Millions of households are expected to see annual energy bills of £3,000, and many face fuel poverty in an escalating [...]
Lib Dems call for £18bn cut to VAT to ease cost of living crunch March 10, 2022 The Liberal Democrats are calling for an £18bn VAT cut that would see the rate slashed from 20 to 17.5 per cent in a bid to ease the cost of living crunch on British households. The Lib Dems say the new policy proposal, released on the eve of the party’s spring conference, would save households [...]
Oil prices to remain high despite ‘unprecedented’ volatility March 10, 2022 Oil prices have gone on a wild journey this week - with prices fluctuating amid escalating conflict in Ukraine.
The City View: March 10 March 10, 2022 Today Andy Silvester chats to James Sym, Portfolio Manager of European Equities at River and Mercantile, about whether investing in ESG truly and effectively aids decarbonisation; deglobalisation; and how investment portfolios will need some tinkering in the coming years as a result of high inflation and geopolitical issues. Andy also goes through the headlines: the [...]
CF Fertilisers confirm UK operations continue despite energy market volatility March 10, 2022 One of the UK's leading fertiliser, CO2 and ammonia providers insist there have been no changes to its operations.
Year-ahead inflation expectations hit record high ahead of BoE’s rate decision March 10, 2022 A record proportion of Brits expect the current inflation crunch to linger in a year’s time, fresh data released today reveals. Some 35 per cent of households think the cost of living will top five per cent by this time next year, according to Bank of America. The fresh figures will worry the Bank of [...]
Stateside inflation surges to over 40 year high strengthening case for rapid US Fed tightening March 10, 2022 Stateside prices are accelerating at the fastest pace in over 40 years, strengthening the case for the US Federal Reserve to front load reining in policy. Inflation in the US scaled to 7.9 per cent, according to data released by the US Bureau of Labor Statistics today, the hottest rate since January 1982. The fresh [...]
Home sales continue to soar as buyers keen to move despite rates hike March 10, 2022 Home sales surged last month with strong demand from buyers not letting up, even in spite of an uplift to increase rates. The latest RICS Residential Market Survey reported a net balance of nine per cent more respondents saying sales were increasing. This represented the strongest reading since May 2021. The survey also reported a [...]