UK in Recession: an Overview of What Could Happen & How You Can Take Advantage November 1, 2022 Recently, the Bank of England has issued a warning about a slowdown in economic growth towards the end of 2022, with similar worries persisting into 2023. Overall, the upcoming emergence of a recession has been fuelled by a mix of several detrimental dynamics for the UK. Uncovering the Dynamics that Lead to Recession The United [...]
The impact of higher interest rates on markets. What is ahead for the crypto market? November 1, 2022 Higher interest rates generally mean a lower appetite for high-risk/high-return assets such as cryptocurrencies, hence we’ve seen the crypto market decline in recent months. With the stock market also reacting badly to recent rate hike and the crypto market becoming increasingly correlated to stocks, crypto could be in for a continued bearish year because of [...]
UK must overhaul planning to meet renewable goals, warns National Grid November 1, 2022 The UK will have to ramp up planning reform to meet its green energy goals, confirms National Grid boss John Pettigrew.
Soaring energy bills putting off 70 per cent of drivers from getting an EV November 1, 2022 Energy bill hikes are putting potential drivers of electrical vehicles off, as the AA’s president warns it will hamper progress to cleaner driving. More than 70 per cent of drivers considering switching to a zero-emissions vehicle have been deterred by switching to an EV due to soaring costs of electricity. An AA poll of more [...]
Government weighs up proposals to expand windfall taxes November 1, 2022 Windfall taxes on energy firms could be raised and extended as much as three years. as Downing Street scrambles to raise funds.
Londoners’ anxiety skyrockets 57 per cent due to rising bills, going out less November 1, 2022 Almost sixty per cent of Londoners are increasingly anxious about rising energy bills, with millions eating less healthily and staying in more to save cash. The human impact of the cost of living crisis continues to deepen, with new figures exposing a deep generational dive between young professionals and over-65s. The data, published by Personal [...]
‘It’s going to be rough’: Hunt and Sunak set to announce autumn tax hikes October 31, 2022 Jeremy Hunt is set to announce tax rises in his fiscal statement next month, after holding talks today with Prime Minister Rishi Sunak today. The Treasury said the chancellor and Prime Minister agreed “tough decisions are needed on tax rises as well as spending”, with a Treasury source warning “it’s going to be rough”. The [...]
Government must expand insulation scheme to drive down energy bills October 31, 2022 Energy UK is urging the new Government to ramp up support for the energy efficiency of buildings in the next budget.
Eurozone inflation breaches forecasts to hit record 10.7 per cent October 31, 2022 Eurozone inflation has surged past expectations to 10.7 per cent this month in a further sign the European Central Bank (ECB) will have to keep heaping misery on businesses and households to tame prices. Prices continued to climb rapidly in all the bloc’s major economies, signalling the effects of the ECB’s pivot from years of [...]
Blind people amongst those worst affected by cost of living crisis October 28, 2022 The Royal National Institute of the Blind (RNIB) conducted a survey recently, asking 125 blind and visually impaired individuals to explain how the cost of living crisis was affecting them. The cost of living crisis has become a focal point for the government and a point of concern for the public in recent months. Soaring [...]