Natwest calls for stamp duty rebate to fund green home improvements February 1, 2023 The government should offer a rebate on stamp duty to fund energy efficiency plans for new homeowners, argues Natwest.
Octopus swallows £150m loss from rising energy bills before Bulb buy-out customer boom February 1, 2023 Octopus has reported another year of losses after the supplier opted to swallow a £150m bill in rising wholesale costs.
German inflation bungle takes shine off euro figures as ECB remains committed to aggressive rate hikes February 1, 2023 Inflation in the eurozone fell again last month but experts have warned the drop will not convince the European Central Bank (ECB) to stop hiking interest rates aggressively. The rate of price increases among the group of 19 countries using the euro dropped to 8.5 per cent annually, down from 9.2 per cent, according to [...]
Food inflation soars to highest level on record February 1, 2023 Food inflation has reached its highest level on record, with the sector predicting no stall in price increases throughout the year. Figures published in the British Retail Consortium’s (BRC) shop price index show food inflation rose to 13.8 per cent in January, up from 13.3 per cent in December. This rise has pushed it above [...]
Decentralised assets – gold, silver, Bitcoin – has their time come? January 31, 2023 Jonny Fry takes a look at how decentralised assets line up against global debt and the way investors will want a digital future.
UK only G7 economy to shrink this year as IMF deals blow to Jeremy Hunt recession declinism criticism January 31, 2023 Britain will emerge as the “sick man” of the world’s richest countries this year, snatching the unwanted title of being the only G7 economy to contract in 2023, according to forecasts by the International Monetary Fund (IMF). The world’s economic watchdog has slashed its expectations for UK GDP again, now pencilling in a 0.6 per [...]
Octopus calls on Ofgem to ease higher costs for non-debit customers January 30, 2023 Octopus Energy has urged Ofgem to end payment penalties sooner for standard credit customers as the cost of living crisis bites.
UK investors facing dividend drop-off as inflation squeezes profits January 30, 2023 Investors in UK firms are facing a drop-off in dividends this year as rising costs cause firms to rein in their payouts following a bumper 2022, according to new data.
Week ahead: FTSE traders eye Shell and BT results as Bank of England prepares for another rate hike January 29, 2023 London traders are gearing up for a big week of corporate results, with UK giants Shell, BT Group, Glencore, GSK and Vodafone Group updating markets. Shell is due to announce their final results for 2022 on Thursday and are expected to post record profits as oil giants continue to benefit from the global energy boom. [...]
Bank of England, Fed and ECB to heap more pain on global economy – but could peak rates be in sight? January 29, 2023 City traders are gearing up for a week in which the world’s top central banks will heap even more pain on households and businesses by hiking interest rates to tame inflation – but they could send the first signal indicating they will stop doing so soon. The UK, US and eurozone economies are beginning to [...]