Surging rents ‘fanning the flames of cost of living crisis’ February 9, 2022 Rents have surged 8.3 per cent in a year, to the highest level they have been in 13 years. London rents have risen 11 per cent in a year as office workers have returned to the capital. Monthly rents are up £62 since the start of the pandemic, hitting an average of £969 a month, [...]
Tougher post-Brexit border controls will lead to long delays at UK-EU border, MPs warn February 9, 2022 The rollout of stringent checks on Brits entering the EU after Brexit will lead to severe delays at the border, warns a new report published today by a group of cross-party MPs. An expected recovery from the depths of the pandemic in the volume of Brits heading to the Continent could lead to cars and [...]
City access to the Chancellor: 80 per cent of Rishi Sunak’s meetings are with banks and financial services firms February 8, 2022 As the government is looking to ease rules and regulations for the City of London, it has been revealed that Chancellor Rishi Sunak met with dozens of financial firms, banks, consultancy firms, hedge funds and lobby groups in recent months. According to new analysis, published by the Independent, around 80 per cent of all businesses [...]
Cost of living crunch bites Brits’ optimism February 8, 2022 Fears over a sharp erosion in living standards driven by the cost of living crunch is weighing on Brits’ confidence levels, reveals a fresh survey published today. Consumer confidence in the UK dipped to its lowest level in 11 months last month, according to research by Bank of America. Concerns over inflation hitting household budgets [...]
Legal & General forecasts pension risk transactions to hit £30bn for 2021 February 8, 2022 The Legal & General Group has forecast pension risk transaction volumes to hit £30bn for last year, as the market maintains its momentum into 2022. Britain’s oldest insurance group expects demand for pension risk transactions (PRTs) to remain strong this year, according to its latest Global PRT Monitor which analyses the market’s outlook across the [...]
KPMG Canada adds Bitcoin and Ethereum to balance sheet February 8, 2022 KPMG's Canadian arm has added Bitcoin and Ethereum to its corporate treasury, marking the accounting giant's first direct investment in crypto.
M&S remains UK’s fastest growing supermarket catching up with Big Four grocers February 8, 2022 Marks & Spencer has maintained its position as UK’s fastest growing food retailer, market researcher NielsenIQ said today, indicating its turnaround plan is gaining momentum. It said M&S’s sales rose 12.3 per cent in the 12 weeks to January 29 year-on-year, giving it a market share of 3.6 per cent, up 0.4 percentage points on [...]
B.P Marsh boosts dividend nearly 14 per cent after strong sales February 8, 2022 Niche venture capital provider B.P Marsh has increased its dividend 13.9 per cent after offloading assets above previous value expectations
The unofficial economy of gossip has always been a powerful lure of the City February 8, 2022 The City has weathered an almighty storm over the last two years. And yet, there is still a strong appetite for people to come back to their offices even in the midst of so much uncertainty. The pros and cons of home working, hybrid and the office have been discussed at length. It has become [...]
Cost of living crunch already hitting consumer spending even before inflation peaks February 8, 2022 The cost of living crunch is prompting Britons to rein in spending even before inflation reaches its expected summit this spring, reveals new research published today. An erosion in household budgets triggered by inflation hitting its highest level in nearly three decades weighed on consumer spending last month, according to figures from Barclaycard. UK spending [...]