Khan urges government to ‘get a grip’ on cost of living crisis February 5, 2022 Mayor of London Sadiq Khan has called on the government to “get a grip” on the cost of living crisis, after energy prices were confirmed to rise by £700 this year. A new energy price cap coming into effect in April will see customers paying an average of £700 more a year. With runaway inflation, [...]
Boris Johnson lashes out at Bank of England governor Andrew Bailey: Do not show pay restraint February 5, 2022 Downing Street stressed this afternoon Boris Johnson fiercely disagreed with Bank of England Governor Andrew Bailey over his call for workers to show “restraint” over pay rises amid high inflation. The Prime Minister’s official spokesman said: “It’s not something that the Prime Minister is calling for. We obviously want a high-growth economy and we want [...]
US jobs surge by 467,000 in a month beating estimates February 4, 2022 The US added 467,000 new jobs to the payroll in January beating estimates despite business closures caused by Omicron.
London markets deflate following interest rate hike February 4, 2022 London markets have contracted a day after the Bank of England pushed ahead with interest rate hikes at successive meetings for the first time since 2004.
The ship’s taking on water, but Bitcoin could be the lifeboat we all need February 4, 2022 Jason Deane rounds up the crypto week, but has stark warnings over what lies ahead for UK wages.
Nike sues retailer selling unauthorised sneaker NFTs February 4, 2022 Sneaker giant Nike has sued online reseller StockX in a US court for selling images of its shoes as non-fungible tokens (NFTs).
SMMT: EV bolster January growth but shortages hinder recovery February 4, 2022 The UK automotive sector has recorded a positive start to the year, with 115,087 new cars registered – 27.5 per cent up on 2021 levels. According to Society of Motor Manufacturers and Traders (SMMT) figures, January’s growth was driven mainly by electric vehicles (EV), with battery electric, plug-in hybrid and hybrid cars account for 71.5 [...]
BoE boss Bailey calls for wage restraint to control inflation February 4, 2022 Bank of England governor Andrew Bailey said inflation risked getting out of control without restraint on pay rises.
New York Times’ pursuit of subscribers over profit buys into a Big Tech delusion February 4, 2022 Those five, elusive letters. Only when I have found them can my day begin. Alas, they may soon become more elusive still. This week, the New York Times bought Wordle for an undisclosed, seven-figure fee. Ominously, the “Gray Lady” has promised only that Wordle will “initially remain free”. The New York Times has been unusually [...]
Council tax will cushion the cost of living crisis, but it accepts an outdated policy February 4, 2022 With inflation soaring, people are becoming increasingly desperate. Inflation is at record levels, sitting at 4.8 per cent in December and expected to soar as high as 7 per cent by April. The repercussions of this will be particularly strenuous on the most vulnerable. Indeed, the price of essential items that make up a larger [...]