Letters: A living wage up to scratch January 20, 2022 [Re: Inflation accelerates to 30-year high, yesterday] With this sharp rise of inflation, it’s even more concerning that wages are not matching the accelerating cost of living. Every worker deserves a living wage – to earn enough to support their family and meet their basic needs. A living wage is critical for supporting decent work [...]
US gives green light to start talks on removing tariffs on British steel and aluminium that were imposed by Trump January 20, 2022 The Biden administration has agreed to start talks seeking to remove the tariffs on British steel and aluminium imposed by former president Donald Trump. International Trade Secretary Anne-Marie Trevelyan said she had held a “productive discussion” with US commerce secretary Gina Raimondo on Wednesday. She said that they desire a “resolution as soon as possible [...]
Britons, your country needs you. It’s time to take out your wallet and spend January 20, 2022 What stupid purchases have you made since Covid-19 arrived on these shores? Perhaps you bought a hot tub, some garden furniture or even a new shed. Perhaps you are more frugal minded, opting instead to squirrel away cash that would have otherwise been spent in the pub into your savings account. If you are the [...]
Rising costs seep into every sector of UK economy January 20, 2022 Every sector of the British economy is suffering from swelling costs in a sign that inflation will trend much higher in the coming months, reveals a fresh study published today. Higher wages, compounded by soaring energy and raw material costs, are severely eroding firms margins, according to research carried out by high street lender Lloyds. [...]
The City View: January 19: Inflation and B-Corps January 19, 2022 Today Andy Silvester is joined by Kin + Carta CEO J Schwan, and by Jack Barnett to discuss today’s news on inflation and future rate rises by the Bank of England. Andy also goes through the headlines, which include GSK’s rebuttal of a £50bn Unilever merger, corporate results, and today’s political news as Boris Johnson [...]
Used car prices continue ‘to defy gravity’ fuelling 30-year inflation record January 19, 2022 The increase in used car prices shows no sign of stopping and keeps on ‘defying gravity’, according to Auto Trader’s data and insights director Richard Walker. “To call the second-hand car market buoyant would be an understatement and, with new car supply remaining tight, consumer demand currently shows no sign of wavering,” Walker said. According [...]
Silver: Golden opportunity or flash in the pan? January 19, 2022 Silver prices are closing in on two-month highs of $24 per ounce, amid disappointing US manufacturing figures and inflationary pressures.
London markets shrug off near 30-year high inflation print January 19, 2022 London markets shrugged off an alarming near 30-year high inflation print yesterday, held higher by mining stocks surging. The capital’s premier FTSE 100 index closed up 0.35 per cent at 7,589.66 points, while the domestically-focused FTSE 250 index, which is more aligned to the health of the UK economy, added 0.01 per cent to reach [...]
Oil rally drums up expectations with analysts forecasting $100 prices January 19, 2022 OANDA's senior analyst Craig Erlam has told City A.M. oil prices could reach $100 per barrel during the first quarter this year.
Bank of England target never been further out of reach as inflation accelerates to 30-year high January 19, 2022 The Bank of England has never been further away from its legal inflation target, revealed official figures released today. Spiralling inflation has heaped further criticism on the Bank’s decision to keep rates at record lows while UK inflation was taking off after the country emerged from the most onerous Covid-19 restrictions. The cost of living [...]