Ahead of Budget: Millions of terrified businesses fear they will not survive another year November 16, 2022 In the midst of political uncertainty and ahead of the Autumn Statement, a quarter of SMEs believe the UK economy has been damaged irreversibly by Brexit and Covid-19 – with an astonishing 64 per cent of business owners stating they are worried their businesses won’t survive the next 12 months. The fresh data reveals a [...]
Digital Assets Week: A ‘DAW’ to the future November 16, 2022 Lord Holmes reports on an opportunity to share the current approaches being undertaken by the UK Government on crypto regulation.
Bridgepoint dodges inflationary pressure with diverse portfolio November 16, 2022 Bridgepoint says that investment portfolios are trading largely in line with expectations despite the current macro volatility. The international alternative asset fund management group said equity portfolios comprise of mainly high margin, cash generative, growth companies, whilst portfolios have currency hedging covering some 78 per cent of non-Euro exposures. The firm said that although portfolio [...]
SSE profits soar in line with energy prices as windfall tax expansion looms November 16, 2022 Energy giant SSE reported a 221 per cent surge in pre-tax profits for the first half of the year today on the back of spike in gas and electricity prices this year.
Everyone wants a pay rise, but we will have to pay with cuts to jobs or services November 16, 2022 The nation seems to be in the grip of an epidemic of cognitive dissonance. Where is Matt Hancock when we really need him to impose a lockdown and save us from this menace? Two major events have put huge strain on the public finances. The pandemic led to government borrowing of some £400bn, around 20 [...]
Hospitals warned that NHS staff may have to exit procedures to care for other patients November 15, 2022 NHS bosses and watchdogs have warned hospitals that staff may have to “depart from established procedures” to care for other patients this winter. In a letter revealed today, medical and regulatory chiefs told hospital bosses that should NHS staff have to exit procedures to fulfil other duties during heightened hospital admissions, that watchdogs will consider [...]
UK loses over half a million work days to strikes and unions signal more to come November 15, 2022 The number of working days lost to strike action in the UK over the summer topped 560,000, stats out today reveal, and unions have warned this year’s total could hit the highest yearly number this century. The combined September and August figure is the highest two month total in over a decade, according to the [...]
Without Brexit, there would never have been a harsh austerity Budget this week, says BoE veteran November 15, 2022 The real reason Britain is facing harsh austerity measures is the UK’s departure from the EU, according to a senior economist. Former Bank of England interest rate policy maker Michael Saunders said that Brexit has ‘permanently damaged’ the UK’s economy. “The UK economy as a whole has been permanently damaged by Brexit,” said Saunders, who [...]
Hunt readies for biggest budget since Cameron and Osborne’s first outing November 15, 2022 Thursday’s budget (okay, Autumn Statement) is the biggest since David Cameron and George Osborne’s first statement in 2010, just after they seized the keys to number 10 (with a little help from the Liberal Democrats) from Gordon Brown’s Labour. Chancellor Jeremy Hunt faces a daunting task. Weaker than expected economic growth, high inflation and a [...]
Inflation has peaked, but prices will stay higher for longer, analyst bets November 14, 2022 Inflation has peaked in the UK, but will take a long time to fall, a top investment bank has bet. New data out from the Office for National Statistics on Wednesday will show prices rose 10.9 per cent over the last year, according to Deutsche Bank. While above September’s 10.1 per cent reading and a [...]