Europe braces for winter of discontent as Germany moves one step closer to energy rationing June 23, 2022 Fears of supply shortages across Europe have escalated as Germany moved one step closer to energy rationing amid escalating tensions with the Kremlin.
Rampant inflation swells UK debt interest bill and pushes up government borrowing June 23, 2022 Inflation is swelling the UK’s interest bill and forcing the government to borrow more money to pay investors, official figures released today revealed. The amount of money the government paid to holders of UK debt jumped just over 70 per cent over the last year, reaching £7.6bn in May, up from £4.5bn last year, according [...]
The bear market story and what next – in six charts June 23, 2022 It’s been the worst start to a year for markets since the Great Depression. We tell the story so far in six charts. Like a bear with a sore head, many investors probably wish they had stayed in hibernation in 2022. It has been a brutal year so far, the worst since the Great Depression [...]
UK economy spiralling toward ‘troubling’ recession and even higher inflation June 23, 2022 The UK economy is hurtling towards a “troubling” slump that will see it tip into recession and suffer from rampant inflation, reveals a closely watched survey published today. Consumers are responding to the worst cost of living crunch in a generation by cooling spending, while businesses are grappling with flatlining demand, according to S&P Global’s [...]
Oil prices slump as recession fears rise June 23, 2022 Oil prices continued to decline this morning across both major benchmarks, weighed down by the growing risk of a recession.
Heathrow raises passenger traffic forecasts following surge in demand June 23, 2022 Heathrow has raised its passenger number forecast for the year following an ongoing surge in travel demand. The hub has increased predictions to 54.4 million travellers – 2.6 per cent up on the 53.3 million forecast last moth – but said it was continuing to work with airlines to match supply and demand levels. “While [...]
Businesses raise concerns over the cost of net zero amid energy crisis June 23, 2022 Nine in ten businesses are concerned about costs of funding the transition to net zero amid a spike in energy prices according to research from Npower.
Barclays calls on retailers to help stop mounting BNPL debt crisis June 23, 2022 Barclays has sounded the alarm over rising buy-now pay-later debt today and called on retailers to step up and protect shoppers, warning that 876,000 Brits could be plunged into unmanageable debt this year without intervention.
UK factories hit by fastest cost rise since 1980s June 22, 2022 The price of materials used by UK factories are rising at the fastest pace on record in a sign that consumers could soon be spiked by a further inflation surge, fresh figures published today reveal. Input prices soared just over 22 per cent over the year to May, the fastest acceleration since the Office for [...]
UK inflation highest in G7, dialling up pressure on Bank of England to raise rates again June 22, 2022 The likelihood of the Bank of England hiking interest rates for the sixth time in a row is ramping up after new figures revealed the UK has the highest inflation in the G7. Prices climbed 9.1 per cent annually in May, up from April’s already four decade high rate of nine per cent, according to [...]