Inflation and supply chain crisis to throttle UK economy, IMF warns January 25, 2022 The global supply crunch and roaring inflation will choke UK growth this year, the world’s economic watchdog warned today. A combination of the supply chain crisis rumbling on and the cost of living corroding Brits’ incomes has prompted the International Monetary Fund (IMF) to downgrade their forecasts for UK economic growth this year to 4.7 [...]
British factories prepare to launch quickest price hike cycle since 1977 January 25, 2022 British factories are preparing to launch a rapid cycle of price rises to offset a cost onslaught, reveals a closely watched survey released today. The fresh print adds to agitation at the Bank of England over inflation becoming entrenched in the UK economy as a result of businesses baking in soaring costs to their pricing [...]
Sureserve Group revels in rebounding revenues following M&A spree January 25, 2022 Sureserve has rebounded strongly from challenging pandemic conditions with a 24.7 per cent boost in revenues.
Sunak has enough room to scrap national insurance hike, according to top City economists January 25, 2022 Chancellor Rishi Sunak has enough room to scrap the looming national insurance hike to ease the heavy cost of living burden weighing Brits down, according to leading City economists. Bumper tax revenues driven by the UK economy performing much better than forecast has provided the Chancellor with a big enough tax windfall to cancel the [...]
Former Beeb News boss: The BBC needs to ‘stop making lower grade stuff’ January 25, 2022 Former head of the BBC has warned the broadcaster to “stop making lower grade stuff” as the licence fee battle endures.
Public sector borrowing nears £147bn, second highest since records began in 1993 January 25, 2022 The Office for National Statistics (ONS) said this morning public sector borrowing from the end of March to December was £146.8 billion – the second highest since records began in 1993. Government borrowing stood at £16.8 billion in December, down by £7.6 billion from the same month a year earlier, according to official figures. The [...]
National insurance hike completely unnecessary says Brexit veteran Lord Frost as Tory calls to drop £12bn tax increase swell January 25, 2022 Lord Frost has urged Boris Johnson and Rishi Sunak not to raise taxes in April as cost-of-living is set to increase for most Brits. The Prime Minister’s former Brexit chief joined the growing number of senior Conservatives to call for the planned national insurance hike to be scrapped. The former Brexit Minister – who resigned [...]
Over nine million broadband customers are unaware of the biggest in-contract price hike in years January 25, 2022 Research today reveals that over nine million consumers are unaware that their broadband bills are set to increase, according to research by Hyperoptic.
Sea of red: Looming US Fed rate hike spree sends chill through global markets January 24, 2022 A sea of red engulfed global markets today as a looming rate hike spree from the US Federal Reserve sent investors fleeing stock markets. Traders dumped shares on fears the Fed will send the strongest signal yet on its intention to rapidly rein in ultra-stimulative monetary policy at its meeting of rate setters on Wednesday. [...]
Technical data suggests Bitcoin is at its most oversold since ‘Covid crash’ January 24, 2022 The rapidly-changing Federal Reserve policy in response to rising inflation has caused extreme fear in both legacy and crypto markets.