City analysts betting on Bank of England interest rate cuts by early 2024 – as long as inflation falls quickly January 18, 2023 The Bank of England could cut interest rates as soon as early next year if inflation continues to tumble in 2023, top City analysts have predicted. The rate of price increases is forecast to more than halve which would bring inflation to below five per cent by the end of 2023, according to forecasts from [...]
Inflation drops for second month in a row but experts warn rate has yet to pass its peak January 18, 2023 UK inflation has fallen for the second month in a row, but soaring food prices have led some experts to warn it may not have passed its peak yet. The rate of price increases dropped to 10.5 per cent in December, down from 10.7 per cent in the previous month, the Office for National Statistics [...]
A miniscule bit of growth last November is unlikely to save us from a recession this year January 18, 2023 Whichever way you cut it, the UK is on the brink of a recession. A small boost in growth at the end of last year won't alleviate the cost-of-living crisis and inflation, writes Paul Ormerod
Twitter, Facebook, Instagram and TikTok are ‘above the law’, say founders of Hoof, the British football app taking on the social media giants January 17, 2023 British tech start-up Hoof is aiming to “elevate the level of football discussion” with a new app that, unlike Twitter, Facebook and the other social media behemoths, stops abusive posts at source, its founders tell City A.M. If football and social media had a relationship status it would be “it’s complicated”. On the one hand [...]
Brits’ take home pay still falling rapidly despite record wage rises January 17, 2023 Brits are suffering one of the sharpest hits to their take home pay despite businesses handing workers bumper pay prices, official figures out today reveal. Real pay tumbled 2.6 per cent over the three months to November, among the steepest drops seen outside the Covid-19 crisis, according to the Office for National Statistics (ONS). The [...]
Why Jeremy Clarkson’s Meghan Markle apology falls short – or does it? January 16, 2023 He’s trying, but he’s not there yet. Jeremy Clarkson has publically apologised after calling for Meghan Markle to be paraded around naked with fruit thrown at her in a recent Sun column. It’s not surprising: backlash included 60 MPs expressing concern as well as thousands of complaints from viewers. His farm show, Clarkson’s Farm, is [...]
Bitcoin keeps on rising, despite being surrounded by bad news narratives January 13, 2023 Jason Deane goes beyond the headlines as Bitcoin continues to move upwards against a backdrop of crypto catastrophes.
Probe into Revolution Beauty’s accounts flag ‘concerns’ over £9m sales and personal loans made to employees January 13, 2023 An independent investigation into troubled cosmetics maker Revolution Beauty identified concerns, including over certain historical sales, inventory provisioning methods and personal loans made by a former CEO. The probe was instigated by the company’s auditors BDO last autumn and has already claimed the scalp of former chief executive officer Adam Minto who stepped down from the [...]
Putin shuffles Kremlin pack as Moscow infighting rages and mercenary Wagner group claims a victory January 13, 2023 As Russian troops wage a ferocious house-to-house fight for control of strongholds in eastern Ukraine, a parallel battle is unfolding in the top echelons of military power in Moscow, with President Vladimir Putin reshuffling his top generals while rival camps try to win his favour. The fighting for the salt mining town of Soledar and the nearby [...]
Gatwick’s passenger numbers soar staggering 420 per cent on 2021 – but airport is STILL behind pre-Covid levels January 13, 2023 Gatwick’s passenger numbers have soared over the past 12 months following the reopening of air travel post-pandemic restrictions, but it’s still down on pre-Covid levels . The West Sussex hub reported that almost 33 million people passed through its gates in 2022, up over 420 per cent on last year’s 6.3 million passengers. Nevertheless, the [...]