London’s councils call for share of £2.6bn levelling up fund March 22, 2022 London’s councils are calling for a slice of the £2.6bn fund earmarked for the government’s levelling up agenda to also be given to the capital in Rishi Sunak’s spring economic statement tomorrow. London Councils, an association representing all 32 of the capital’s councils, has urged Sunak to ensure that London receives from the UK Shared [...]
UK Government borrowing hits £138.4bn, less than half of amount last year March 22, 2022 Government borrowing stood at £13.1bn in February, down by £2.4bn from the same month a year earlier, according to official figures. The Office for National Statistics (ONS) said that despite the fall, this was the second highest February borrowing since monthly records began in 1993 and was still £12.8bn more than in February 2020, before [...]
Going Nuclear: Can Boris Johnson really ramp up nuclear power? March 22, 2022 Nuclear power requires a clear strategy - with an established pipeline of funding - to contribute to the UK's energy strategy.
UK markets: ‘Penny is dropping’ there will be no immediate ceasefire in Ukraine while focus shifts to Sunak’s ‘double whammy’ March 22, 2022 European markets underwent a subdued start to the week yesterday, with the FTSE100 outperforming on the back of another day of advances for crude oil prices, pushing the index to close at its highest level since 28 February. “The main reason for the move higher in oil prices was reports that the EU was considering [...]
FSB urge Chancellor to ease pressures on businesses ahead of Spring Statement March 22, 2022 FSB calls on Sunak to cut fuel duty, help micro-businesses with energy bills and increase employment allowance to £5,000.
A ‘policy light’ spending review must still grapple with cost of living woes March 22, 2022 Chancellor Rishi Sunak wants onlookers to pay little attention to Wednesday’s spring statement. Policy-light has been the line from the Treasury. Very few have been tempted into believing the Chancellor will sit on his hands and Sunak’s announcements tomorrow are set to finally reveal his true preference for the level of state intervention in the [...]
The City View: Oil back above $100, and inflation likely to go up March 21, 2022 Today Charlie Conchie takes the reigns of The City View, talking to City A.M. reporters Jack Barnett, Nicholas Earl and Leah Montebello. They discuss warnings of an inflation increase; why oil has rebounded above $100; and the chief of the Betting and Gaming Council warning Rishi Sunak against making bold regulation moves in the Chancellor’s [...]
Inflation to climb again in fiscal headache for Sunak March 21, 2022 Inflation in the UK will accelerate to its highest rate since 1991, according to bets placed by City economists on Wednesday’s fresh data released ahead of Chancellor Rishi Sunak’s spring statement. The rate of price rises will breach six per cent, new figures from the Office for National Statistics (ONS) will show. Rising energy and [...]
Gambling sector warns against ‘naive changes’ in long-awaited white paper March 21, 2022 The gambling industry has vowed to back the Chancellor’s economic recovery plan so long as the long-awaited white paper does not bring “well-meaning but naive changes”. Chief of the Betting and Gaming Council (BGC) Michael Dughe warned that whilst bookies were ready to help Rishi Sunak recover the public finances after the pandemic, he said [...]
Money saving expert Martin Lewis ‘out of tools’ to counter surging costs March 21, 2022 Money saving guru Martin Lewis has admitted he is out of ideas to help people cope with the cost of living crisis as energy prices spiral higher.