Johnson sacrificed the Tories low tax reputation and will pay the price for it January 18, 2022 THE TORIES are becoming a high-tax party because they have become a low-growth party. So said the Shadow Chancellor Rachel Reeves recently. And she’s right. The Conservative Party has increased taxes to a 71-year high. Government spending is the most it has been since the late 1970s. Meanwhile, our economic recovery remains fragile. Despite solid [...]
Inflation to near 30-year high as Brits prepare to tighten their belts January 17, 2022 The cost of living in Britain will swell to its highest level in nearly three decades, some of the City’s leading economists warned today. Soaring energy bills, compounded by a sharp rise in the price of second-hand cars and petrol costs, will drive inflation to 5.3 per cent, according to Sanjay Raja, Deutsche Bank’s senior [...]
Not so green after all: Hardly any Brit plans to stick to climate goals in 2022 January 17, 2022 Less than one in ten people in the UK are likely to keep resolutions around making positive climate decisions in 2022, according to new research shared with City A.M. today. Even fewer consumers said they are aspiring to live more sustainably this year, favouring resolutions around becoming healthier and fitter instead, according to the founder [...]
How could you invest to beat inflation? January 17, 2022 With rising inflation, many are starting to see how investing their money can lead to better returns. On New Year’s Day, many kickstart January with a New Year’s resolution. Some give up chocolate, while others exercise more. A few take up a new hobby. But a handful resolve to spend less and save more money. [...]
Cornwall Insights criticises consumer price cap in wider call for long-term energy market reforms January 17, 2022 Cornwall Insight's chief executive has criticised the consumer price cap, as he publicly calls for reforms to the energy sector to address the current crisis.
Unilever share price dives 7 per cent as £50bn battle for GlaxoSmithKline’s consumer business begins in earnest January 17, 2022 The main City story this morning is the £50bn bid by Unilever for GlaxoSmithKline’s consumer healthcare business, of which it owns a 68 per cent stake along with Pfizer, which Glaxo said it had rejected. “No doubt in the hope that Unilever will come back with a higher offer, with the sum of £60bn being [...]
Manufacturing deals rocket as businesses lock in wages amid inflation January 17, 2022 Pay settlements of up to 14 per cent have been agreed with manufacturers, as business and investors gear up for fresh inflation figures, with prices rising at more than double the Bank of England’s target rate.
Millions of Brits to be plunged into ‘fuel stress’ as experts downgrade UK economic forecasts January 17, 2022 Millions of Brits are set to be plunged into fuel stress when the energy watchdog hoists the cap on bills, reveals a new study published today. The number of households languishing in fuel stress will treble overnight to 6.3m when the new energy price cap takes effect on April 1, research carried out by the [...]
BBC to swallow licence fee freeze to buffer cost of living January 16, 2022 The BBC is set to swallow a two-year license fee freeze, which could see the broadcaster having to find savings of more than £2bn over the next six years. Ministers will unveil the plan this week, though it has been reported to be one of a number of announcements being tabled in Downing Street in [...]
EDF takes hit as Macron shields public from soaring energy bills January 15, 2022 EDF's shares fell by 14.6 per cent after Macron ordered the company to sell cut price energy to its rivals to stave off price hikes.