IIt took 14 years but a small miracle is about to happen, probably within months: the state’s stake in NatWest will drop below 50%. We will no longer need to refer to the former Royal Bank of Scotland as ‘majority owned’ by the government. Alleluia. NatWest’s full-year 2021 figures, to …
Read More »IEA blames Saudi Arabia, UAE for oil price spike
gHello. There’s some (must-have) positive data to start your Friday, after the latest GDP figures showed the UK economy recorded its strongest growth since World War II last year. GDP grew by 7.5% in 2021 – the biggest increase in 80 years. It also means Britain has moved ahead of …
Read More »UK aims for ‘investment big bang’ with Solvency II reform
Ministers strike a deal with city watchdogs to trigger what Boris Johnson has called an ‘investment big bang’ as the PM seeks to prove post-Brexit regulatory changes can boost the economy . Johnson and Chancellor Rishi Sunak want to reform so-called Solvency II rules, passed while Britain was in the …
Read More »Economic transition watcher: UK is the only major emitter on track to net zero
The UK’s net zero strategy could face growing criticism from a small group of Tory MPs and their media supporters, but the government’s efforts today received a vote of confidence from a new report that says the UK is one of the only countries in the world to be on …
Read More »US Creates Nearly Half a Million Jobs Despite omicron
gHello. Details are starting to come in on a series of cyberattacks targeting European oil companies this week. Two German fuel storage companies – Mabanfaft and Oiltanking – have been crippled by ransomware known as Black Cat. The hackers are believed to have links to the Russian group that attacked …
Read More »Cautious Bank of England set to crush sterling in first half, says Credit Agricole
Crédit Agricole cautious on the GBP According to the BoE, caution could weigh But the 2nd semester will be better Photo © Adobe Stock Foreign exchange analysts at a major investment bank are warning that the pound may face headwinds following the Bank of England’s policy decision in February and …
Read More »National Insurance warning: Britons ‘on the brink’ as hike ‘straw that breaks the camel’s back’ | United Kingdom | News
The government is pushing ahead with plans to raise taxes to pay for health and social care costs, meaning National Insurance will rise by 1.25% from April. The hike has drawn widespread backlash from backbench MPs as she backtracks on the government’s pledge not to raise taxes in the 2019 …
Read More »UK economy recovers to pre-pandemic levels after growing 0.9% in November – business live | Business
7:29 GMT 07:29 UK growth spurt in November unfortunately overtaken by Omicron variant, warns Alpesh Paleja, CBI chief economist. Supply chain issues and the cost of living crisis are also weighing on growth, Paleja Explain : “While it is good that economic growth picked up in November, the data has …
Read More »FirstFT: Russia warns West against Ukraine
Hello. This article is an on-site version of our FirstFT newsletter. Subscribe to our Asia, Europe / Africa or Americas edition to receive it directly to your inbox every morning of the week Russia has warned the United States and NATO to make concessions or face a worsening security situation …
Read More »What does 2022 hold for the UK economy and its households? | Economic growth (GDP)
The UK economy is starting 2022 on the back foot as a record number of coronavirus infections and tighter restrictions driven by the Omicron variant cloud growth prospects. It comes after a slower pace of growth at the end of last year as businesses and households face increasing pressure from …
Read More »Most Hangover ‘Cures’ Have Little Evidence Behind Them, Study Finds | Hangover Healing
A dull headache, a rug-like tongue, and a strong sense of nausea and regret – this is a condition many will be all too familiar with on New Years Day. But while it can seem tempting to seek a “hangover cure,” the researchers chose New Years Day to tell us …
Read More »Brexit news: UK to overtake all other G7 economies in 2022 – beating US and Germany | United Kingdom | News
Boris Johnson: Brexit will fix ‘broken’ British economic model Goldman Sachs economists predicted the UK economy to jump 4.8% next year, significantly exceeding the 3.5% forecast for the United States, 4% for Germany and 4.4% for the United States. behemoths of the European Union, France and Italy. In a further …
Read More ȣ 75million boost to modernize UK fishing industry and level coastal communities
Fishing communities across the UK will benefit from better infrastructure, strengthened supply chains, new jobs and an investment in skills with £ 75million boost to the sector announced today ‘hui by the British government. The investment will strengthen the industry’s ability to land more fish in the UK and get …
Read More »End the year in style
This article is an on-site version of our The Week Ahead newsletter. Sign up here to receive the newsletter direct to your inbox every Sunday Hello and welcome to the last working week of the year, One of the few things that seems to unite the world is the shared …
Read More »Gold Standard created to improve public sector construction projects
Independent review calls for a new golden standard in public sector development procurement, such as schools and hospitals Together with the construction industry, the government will use the new standard to tackle waste, ensure value for money and drive innovation The Gold Standard will need to be adhered to by …
Read More »UK Needs Mini-Leave If Omicron Hits Economy, IMF Says | International Monetary Fund (IMF)
Chancellor Rishi Sunak is expected to make contingency plans for a mini-holiday in case the Omicron variant forces the government to shut down parts of the economy, the International Monetary Fund has said. In its annual UK health check, the IMF warned that the rapidly spreading mutation of the Covid-19 …
Read More »These workers have everything to gain from the current pay increases in the UK. Time to ask for a raise?
The fastest wage gains since the 2008 global financial crisis are creating opportunities and hurdles across the UK economy, leaving workers wondering how much they will ultimately benefit. Underlying wages, corrected for distortions caused by lockdowns and the holiday schedule, are rising 4.5%, according to Bank of England policy maker …
Read More »Cash disappears from economy and we need to adapt, Bank of England says
Cash is disappearing from the UK economy, a Bank of England (BoE) official said, arguing for a new form of digital currency. Central bank deputy governor Jon Cunliffe said technology, including the internet, and the popularity of credit and debit cards are reducing the role cash plays in transactions. The …
Read More »Soaring inflation and tax hikes to squeeze the UK economy
Thursday, November 18, 2021 4:07 p.m. City analysts say tax hikes, soaring inflation and the end of government support linked to the pandemic are worsening the outlook for the UK economy. Britons’ purchasing power will be eroded by the intensifying cost of living crisis, limiting their ability to spend money …
Read More »FirstFT: US, China discuss nuclear arsenals
Hello. This article is an on-site version of our FirstFT newsletter. Subscribe to our Asia, Europe / Africa or Americas edition to receive it directly to your inbox every morning of the week Joe Biden and Xi Jinping have agreed to hold talks aimed at reducing tensions, as US anxiety …
Read More »Pursuit of ‘competitive’ regulation makes an unwelcome comeback in the UK
Bad ideas don’t die. They just hibernate. This is the lesson of the revival of the idea that regulators should have a specific objective to consider the competitiveness of the UK financial services industry internationally when setting rules. This dud was put to bed after the financial crisis when the …
Read More »At COP26, UK businesses lead the world in climate change commitments
More than half of the UK’s largest companies have pledged to phase out their contribution to carbon emissions by 2050, representing total market capital of over £ 1.2 trillion and a figure of combined annual business of £ 700 billion. today’s milestone means pledges have tripled in the past 10 …
Read More »UK companies grow above average – CBI
FILE PHOTO: A person walks through the City of London financial district in London, Britain September 13, 2021. REUTERS / Hannah McKay LONDON (Reuters) – UK businesses have gained some momentum and grown at an above average pace in the three months ending in late October, despite widespread supply chain …
Read More »Glasgow University claims to bring £ 4.4bn to UK economy
The University of Glasgow claims to have contributed more than £ 4 billion to the UK economy. An analysis by London Economics found that the university’s influence had increased, with its contribution increasing by 14% from the previous three years. The University of Glasgow’s economic impact report on the UK …
Read More »Geoffrey Miller: The Geopolitics Behind the New Zealand-UK Free Trade Agreement
By Geoffrey Miller * International analyst Geoffrey Miller explains why the New Zealand-UK Free Trade Agreement isn’t all about rebuilding butter. Prime Minister Jacinda Ardern and British Prime Minister Boris Johnson. Photo: AFP / Julian Smith / Niklas Halle’n The new Aukus Defense Pact between Australia, the UK and the …
Read More »BoE chief economist warns UK inflation set to hit 5%
Inflation in the UK is expected to rise “close to or even slightly above 5%” early next year, the Bank of England’s new chief economist has warned, saying the central bank will have a “live” decision on whether to raise interest rates. at its November meeting. In his first interview …
Read More »Lloyds Banking: UK hotel companies lead the pack as production contracts
Hotel businesses overtook the rest of the UK economy for the first time in over nine years in September, according to the latest Lloyds Bank UK Recovery Tracker. Tourism and leisure (62.2) – which includes pubs, hotels, restaurants, leisure facilities and travel agents – was the fastest growing UK sector …
Read More »Every rise in the price of the bill in 2021 – how much more will YOU pay this year | Personal Finances | Finance
Energy bills will increase by as much as 30% in 2022, but that’s not the only payment you’ll see increase this year. Municipal taxes and national insurance contributions will soon increase as the government struggles to pay for the devastating financial impact the coronavirus pandemic has had on the UK …
Read More »Why are the UK and the EU still arguing over Brexit?
LONDON – ‘Get Brexit done’ was British Prime Minister Boris Johnson’s slogan when he ran for office two years ago. Since then, the UK has withdrawn from the European Union after more than four decades of membership and several years of wrangling over divorce terms. And yet the bickering continues: …
Read More »UK economy returns to growth in August amid holiday boom
The UK economy has returned to growth amid a boom in living expenses and Britons have taken advantage of a loosening of self-isolation rules by rushing to pubs, bars and restaurants. The economy grew 0.4% in August, a resumption of growth after the Office for National Statistics (ONS) reduced July’s …
Read More »“The ties between the UK and Kuwait are strong” – ARAB TIMES
WhatsApp Facebook Twitter E-mail Messenger The Mayor of the City of London, Alderman William Russell, visited Kuwait from October 6 to 8. The Lord Mayor is an international ambassador for the UK’s financial and professional services industry. The UK is the world’s largest exporter of financial services, valued at £ …
Read More »Boris Johnson news – live: Latest Brexit updates as EU touts ‘far-reaching’ NI protocol solutions
Boris Johnson jokes about Jacob Rees-Mogg’s number of children at Tory conference Public opinion on Boris Johnson’s administration of taxes, inflation and the UK economy has plunged, according to the YouGov poll. As think tanks and business organizations condemned the Prime Minister’s speech at the Tory conference touting a ‘high-wage …
Read More »Latest updates: Inflation fears in the UK rocket as supply and staff shortages hamper recovery
Inflation fears are reaching record highs among UK businesses, with more than half of those polled in one of the largest independent sentiment surveys and a leading indicator of economic growth citing price hikes as a “growing cause for concern”. “The continued weakness in several indicators highlights concerns about the …
Read More »Oxford University Adds Billions to UK Economy in One Fiscal Year
Oxford University has contributed more than £ 15 billion to the UK economy in a single financial year, according to a new report. The report, by economic research consultancy London Economics, reveals that the university contributed a total of £ 15.7 billion to the UK economy in 2018/19. Analysis of …
Read More »As British Conservatives in Power Meet, Businesses Call for Help | Economic news
By JILL LAWLESS, Associated Press MANCHESTER, England (AP) – UK Treasury Chief Rishi Sunak on Monday pledged to build an economy based on ‘good work, better skills and higher wages’ as the ruling Tory party tried ignore the UK’s economic turmoil as the growing pains of a prosperous and self-sustaining …
Read More »BlueBay avoids pound as economic gloom casts doubt on rate hikes
(Bloomberg) – The pound falls out of favor as sluggishness over the UK economy sows doubts the Bank of England can deliver rate hikes awaiting traders. BlueBay Asset Management LLP and Nomura International Plc fell on the pound this week, as Deutsche Bank AG cut its year-end guidance. This is …
Read More »Wetherspoon struggles to find staff in parts of England | JD Wetherspoon
JD Wetherspoon has said he’s struggling to find staff in parts of England as the pub chain tracks the cost of the coronavirus pandemic, reporting a record loss of nearly £ 200million sterling. Founder and chairman Tim Martin said overall the pub chain had received a “reasonable number” of applications …
Read More »How to revive the UK stock market
October 2, 2021 ASK BRITONS what’s really going on in the City of London and you will be greeted with a blank stare. Trading the yen and yuan, structuring derivatives, and providing global financial plumbing are all sources of money, but they hardly fit into the public imagination. The exception …
Read More »Farewell leave: UK wage subsidy ends but economy remains fragile
The state’s largest peacetime intervention in the UK labor market ends Thursday, as the government ends its ‘leave’ pandemic employment subsidy program. But calls are growing to target aid to hard-hit sectors such as hospitality and travel, as uncertainty persists over the future direction of the economy. “Travel has always …
Read More »UK begins talks on joining Trans-Pacific Trade Pact
British Secretary of State for International Development Anne-Marie Trevelyan is seen outside Downing Street in London, Britain February 14, 2020. REUTERS / Peter Nicholls LONDON, Sept.28 (Reuters) – Britain will begin talks with the 11-member Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) on Tuesday to join the pact it sees as …
Read More »Productive Finance Task Force Releases Recommendations on Barriers to Investing in Less Liquid Assets
The Productive Finance Working Group is led by industry, co-chaired by the Governor of the Bank, the Managing Director of FCA and the Economic Secretary of HM Treasury. Well managed, investments in such assets have the potential to generate better returns for investors, including those saving for retirement in defined …
Read More »Central bankers move towards “normalization”
Bulletin: The Road to Recovery Expert coverage on the recovery of business and the economy after the pandemic. Delivered 3 times a week. This article is an in-place version of our Road to Recovery newsletter. Sign up here to receive the newsletter straight to your inbox three times a week …
Read More »Bank of England holds rates, lowers growth forecast
General view of the Royal Exchange, the Bank of England and the City of London in the image. Vuk Valcic | SOPA Pictures | LightRocket | Getty Images LONDON – The Bank of England on Thursday kept monetary policy unchanged and lowered its forecast for economic growth for the third …
Read More »GBPEUR looks to Bank of England for leadership
The GBPEUR exchange rate starts the week trying to maintain the 1.1700 level. The first two days of the week can be calm without noticeable economic data. Wednesday will see the latest readings of flash PMI trade activity data for the UK and Europe. Thursday will be headline day with …
Read More »Fall Budget Must Show Financial Firepower Behind ‘Race to the Top’ | Richard Partington
BRitain’s economic recovery from the lockdown has stalled and inflation is on the rise. As fall approaches, prophecies made earlier this year of increased consumer spending appear to have faded, washed away by the wettest summer of the decade. Everything was supposed to have been so easy for the Chancellor, …
Read More »Another lockdown could cost UK economy £ 30bn
Economists warn UK economy could take £ 30bn and see supply shortages worsen if government enforces another lockdown By Alex Lawson, Financial Mail On Sunday Posted: 21:51, September 18, 2021 | Update: 22:02, September 18, 2021 Britain’s economy could take a severe blow of £ 30 billion and see supply …
Read More »UK energy groups in emergency talks with government over natural gas crisis
UK Energy Updates Sign up for myFT Daily Digest to be the UK’s premier energy saver. UK Business and Energy Secretary Kwasi Kwarteng is today issuing emergency appeals to some of Britain’s biggest energy groups to avert a crisis in the sector, as fears grow that record gas prices and …
Read More »Britain faces winter of economic carnage unless government pulls together now
The prices go up. Wages are spiraling out of control. Covid is still threatening to shut down the economy in the blink of an eye, and, on top of all that, there could easily be power cuts, school and factory closures, over the course of the winter. . The British …
Read More »British government: 50,000 annual deaths from COVID-19 are “acceptable”
Brittany I The newspaper revealed that Prime Minister Boris Johnson conducted a “cost-benefit analysis” to determine whether “saving lives” through further lockdowns can be justified on the basis of “the effect of deaths on the UK economy “. Two government advisers told the I this closed-door discussion had established an …
Read More »Climate change activists target City of London Guildhall
Extinction Rebellion activists protest in London LONDON (Reuters) – Climate change activists climbed outside the City of London seat of government on Sunday as they began two weeks of protests focused on the capital’s financial district. Around 200 protesters from the Extinction Rebellion group targeted the medieval Guildhall, home of …
Read More »Open Banking: Here to ease the growing headache of AML compliance for legal professionals?
According to a Home Office and Home Office report from December 2020, money laundering is a “fundamental threat to the country’s future security, resilience and prosperity”, costing the UK economy around £ 37 billion a year. An important finding of the report was the increased risk of money laundering, due …
Read More »Duncan Smith Warns of “Large-Scale Layoffs” As Homework Threatens Economy | Politics | New
Former Tory leader Iain Duncan Smith has issued a stern warning that maintaining work from home will put the UK economy at risk as many hospitality and service industries close to office buildings will see footfall drop . As a result, many would lose their jobs and, meaning some would …
Read More »UK insurance industry reacts to government-backed events program
The program – which will cover costs incurred if canceled due to events legally unable to take place if blockages are reimposed – will run from next month to the end of September next year. BIBA Executive Director Graeme Trudgill said the Chancellor’s confirmation that there would be a government-backed …
Read More »The government’s insurance plan is good for insurance companies – but disastrous for theaters
The theater industry has long called for a government-backed insurance plan, so today’s announcement is a very welcome step. It recognizes that theater is essential to the cultural, economic and social infrastructure of any civilized nation. Since the start of the pandemic, producers, venues and festivals have not been able …
Read More »Bank of England views possible tightening of stimulus with suspicion
Thursday’s central bank meeting could lead to the release of a report on its strategy to reverse its decade-old quantitative easing policy, as well as a potential roadmap for raising interest rates. Observers will be watching with nervousness the Bank of England (BoE) meeting on Thursday, as aside from its …
Read More »Sterling edges higher; market optimistic about UK COVID-19 outlook
LONDON (Reuters) – The pound rose as London began trading on Tuesday, aided by recent declines in COVID-19 infections in Britain and optimism over Britain’s easing of restrictions on locking. FILE PHOTO: British coins dip into the water in this illustrative photo, October 26, 2017. Photo taken October 26, 2017. …
Read More »Funding cuts to move forward for university art courses in England despite opposition | University funding
Ministers have been accused of “one of the biggest attacks on arts and entertainment at English universities in living memory” after proposals to cut funding for arts and creative subjects in higher education were confirmed by the university regulator. When the planned cuts emerged earlier this year, artists and musicians …
Read More »Wall Street stocks end week with worst performance in a month
Shares on both sides of the Atlantic posted their worst weekly performance in at least a month on Friday, with optimism about the earnings season tempered by fears about the rapid spread of the Delta variant of the coronavirus. Wall Street’s S&P 500 fell 0.8% on Friday in New York …
Read More »Joe Biden’s Executive Order Facilitating Transition To Open Banking Is Set To Inspire UK Competition And Innovation
President Biden won widespread praise when he released a series of consumer-friendly executive orders last week. One of them could have an impact here, an ocean far away from American consumers who will experience the direct benefit. The order aims to facilitate the access and sharing of their banking data …
Read More »UK stocks gain as UK sets to reopen next week
Signage is visible outside the entrance to the London Stock Exchange in London, Britain. August 23, 2018. REUTERS / Peter Nicholls / File photo UK economy to grow rapidly this quarter as lockdown ends – poll Burberry drops even after strong sales Rio Tinto falls after drop in iron ore …
Read More »Partners & strengthens its sales team in the UK with the hiring of Jonathan Miller
Partners & has hired Jonathan Miller (pictured) as UK Sales Manager. Miller will join the company’s management team and report to CEO Phil Barton. The move, according to a press release from Partners &, is part of its drive to develop a range of industry practices, including recruiting, transportation, automotive, …
Read More »Well-being factor: what an England victory at Euro 2020 could mean for the economy | Economic growth (GDP)
On Saturday July 30, 1966, then Prime Minister Harold Wilson took a seat in the Royal Box at Wembley to watch England play against West Germany. If there was ever a moment for sporting triumph to spark an economic well-being factor, it was when Geoff Hurst raced in the dying …
Read More »Audit overhaul plan to ‘hamper’ UK economy
In March, the Department for Business, Energy and Industrial Strategy (BEIS) proposed a series of recommendations to strengthen UK auditing, corporate reporting and corporate governance systems. The ministry’s proposed measures included new reporting and evidence requirements to strengthen directors’ accountability and ensure that the regulator has effective investigative and civil …
Read More »UK economy rebounds but staff shortages threaten recovery
UK economy bounces at record pace but staff shortages threaten recovery By Mark Shapland for the Daily Mail Posted: 4:50 p.m. EDT, July 5, 2021 | Update: 4:50 p.m. EDT, July 5, 2021 The economy is rebounding at an all-time high, but the main problem facing businesses is understaffing, experts …
Read More »Pandemic set to boost productivity, Bank of England chief economist says
The pandemic’s shift to remote working may help shift growth beyond the big cities, said Haldane – pictured here during a visit to Blackpool. Bank of England Photo Leaving the Bank of England after seven years as chief economist, Andy Haldane painted an optimistic picture of the economic outlook as …
Read More »Pandemic boom has been pushing UK house prices up by most since 2004
House prices + 13.4% y / y in June – Nationwide Lender sees demand remaining strong in the short term Outlook for later in 2021 “more difficult to predict” Bank of England monitors house price inflation LONDON, June 29 (Reuters) – UK house prices have risen the most in over …
Read More »MPs slam UK government’s plan for economic recovery
A cornerstone of the UK government’s efforts for economic recovery from the coronavirus pandemic lack clear direction, ministerial responsibility or methods to measure its success, MPs warned in a report released on Monday. The House of Commons Trade, Energy and Industrial Strategy Committee expressed concern about the government’s growth plan, …
Read More »Britain suffers from outdated thinking about innovation
Business Secretary Kwasi Kwarteng is working on a new innovation strategy for the UK. We clearly need it. Covid-19 has hurt our economy, but we had long standing issues before the pandemic such as low productivity growth and significant regional disparities. The government’s shift to a greener agenda will also …
Read More »UK consumer confidence holds post-COVID high
FILE PHOTO: People shop at Selfridges department store on Oxford Street, as coronavirus disease (COVID-19) restrictions relax, in London, Britain April 12, 2021. REUTERS / Henry Nicholls / File Photo LONDON (Reuters) – UK consumer confidence has remained at its highest level since the coronavirus pandemic began this month, although …
Read More »Fitch raises UK outlook to stable after economic recovery
NEW YORK CITY, New York: The rating agency Fitch raised the outlook for the UK sovereign debt score from “negative” to “stable,” saying the country’s macroeconomic, labor market and fiscal results since the start of this year indicate that the economy has withstood the pandemic shock better than expected. “The …
Read More »Ending leave too soon will wipe out post-Covid chances for many companies | Richard Partington
Complaints from employers are growing louder. Away from the headlines of a year ago warning of a resurgence of unemployment like the 1980s, companies fear there will not be enough workers for everyone. And yet the UK economy faces a paradox: After the government delayed the final easing of Covid-19 …
Read More »Bank of England rate, flash PMI and Fed consequences
The city will monitor for indications of further movements from the Bank of England. Photo: Dominic Lipinski / PA Images via Getty Images In the markets next week, investors are expected to read the tea leaves on what central banks could do, with several speeches on the slate of a …
Read More »Eurozone dealt a hammer blow as UK vaccination campaign means economy to grow twice as fast as EU | City & Business | Finance
The CBI predicts that the UK economy will accelerate by 8.2% this year and continue to grow by more than 6% in 2022. By comparison, economists predict that the euro area will grow by 4.2% with the largest economy in the EU, Germany, seeing only a 3.4% increase. CBI economist …
Read More »Bank of England could signal further QE slowdown is likely in coming months – Wells Fargo
Next week, the Bank of England will hold its monetary policy meeting. Wells Fargo analysts believe the central bank will signal a further slowdown in asset purchases in the coming months. They see the next tapering taking place by the end of the summer. Key quotes: “In recent months, the …
Read More »UK inflation expectations entrenched – Sunak
British Chancellor of the Exchequer Rishi Sunak meets with US Treasury Secretary Janet Yellen (not pictured), in London, Britain June 3, 2021. REUTERS / Hannah McKay / Pool / Files LONDON (Reuters) – Inflation expectations in Britain are firmly anchored around the Bank of England’s 2% target, Finance Minister Rishi …
Read More »The British economy is growing rapidly. I would buy these 3 FTSE 100 shares now
The UK economy is on a roll. The latest government figures put April’s monthly growth at 2.3%. This is the fastest increase seen since July of last year, when it increased by a whopping 7.3%. Retailers drive growth The latest increase is explained by the reopening of non-essential businesses during …
Read More »Europe’s economic recovery strengthens, with UK and eurozone beating expectations
Britain’s economy grew 2.3% in April, beating economists’ more optimistic expectations, and the European Central Bank on Thursday boosted its growth and inflation forecast for the monetary union for this year and year next. The 2.3% jump in UK gross domestic product in April was due to the reopening of …
Read More »No Mix: London’s Awkward Return to the Office Sneak Peek at What to Expect
Breadcrumb Links FP work Wednesday will become the new Friday in a very different work week Author of the article: Marion Dakers, Stefania Spezzati and Olivia Konotey-Ahulu, Bloomberg News Release date : June 10, 2021 • 10 minutes ago • 4 minutes to read • Join the conversation A closed …
Read More »Extending Covid lockdown would ‘materially’ hamper UK economy, BCC warns
A delay in lifting the lockdown restrictions would “materially” hamper the country’s economic recovery this year, says the head of the British chambers of commerce. If the remaining restrictions in England are lifted on June 21, the British economy is expected to grow by almost 7% this year, which would …
Read More »BA and Ryanair under investigation by UK regulator over foreclosure refunds | Competition and Markets Authority
Britain’s competition regulator is investigating whether British Airways and Ryanair violated consumer law by failing to offer customers refunds for flights they could not legally take due to coronavirus restrictions. The Competition and Markets Authority (CMA) said that during times of lockdown, when non-essential travel was illegal for people in …
Read More »Majority of UK SMEs are confident about growth, but fears of future foreclosure persist
By the end of 2021, 91% of businesses plan to have a full restart, and only 1% do not plan to restart in the foreseeable future. Photo: Getty Small businesses in the UK (SMEs) are increasingly confident in their ability to grow and fuel the economic recovery, but fears about …
Read More »Lifting the lockdown will not cure our economic ills
The extent of last year’s recession – the largest in over 300 years – means it will take longer for the UK to return to pre-crisis production levels than it does in the US , in Germany or in Japan. But this is clearly a very quick rebound. Yet, over …
Read More »UK Pub Turnover Down 20% from Pre-Covid Levels Despite Return of Domestic Consumption | Hotel industry
British pubs continued to pull fewer pints in the first week of indoor opening than before the pandemic after Covid restrictions resulted in a 20% drop in trade from levels in ‘before the pandemic. Pub owners warned that despite welcoming customers inside from May 17 and a boom in table …
Read More »School trips to UK from EU could be cut in half as Brexit hits cultural exchanges | School trips
French and German educational tour operators bringing up to 750,000 schoolchildren to the UK each year have warned that stricter entry requirements after Brexit would likely halve the number of young Europeans visiting Britain. “We have already seen a sharp drop in interest,” said Edward Hisbergues, sales manager of leading …
Read More »U.S. jobless claims hit pandemic low as hiring picks up Business
The number of UK workers on leave fell by more than 880,000 last month, another sign that the economy is picking up. At the end of April, 3,435,400 people were registered with the job retention program for coronaviruses (CJRS), against 4,319,100 at the end of March, reports the HMRC. The …
Read More »UK manufacturers report record growth as economy accelerates after lockdown
The survey of hundreds of purchasing managers indicated a rapid pick-up in orders and employment (PA Archive) “/> UK manufacturers reported growth at a record pace in May, according to a closely watched survey that will add to reasons for economic optimism. The survey of hundreds of purchasing managers indicated …
Read More »Alarm over secret court system in UK-Australia trade deal | Exchange policy
A free trade agreement between the UK and Australia is underway to include a controversial system of secret courts that will allow companies to seek compensation if their profits are affected by government policies. In a move that alarmed unions and anti-poverty activists, Trade Minister Greg Hands said UK negotiators …
Read More »Jobs bill: what now for workers’ rights?
Some of the changes proposed in the employment bill would help organizations get back to workShutterstock A big surprise in this year’s Queen’s Speech was the omission of the long-awaited Jobs Bill. What does this mean for labor rights as we emerge from the pandemic? Russell Dann describes recent developments …
Read More »Greencore plans to resume dividend payments as UK economy reopens
Greencore hopes to resume dividend payments to shareholders to pre-pandemic levels around the same time next year, as the food company benefits from the complete reopening of the UK economy, CEO Patrick Coveney told the Irish Times. “It will be subject to a decision by the board of directors, but …
Read More »China Replaces Germany as UK’s Largest Import Market | International exchange
UK trade with the EU collapsed by almost a quarter in early 2021 compared to three years earlier, as disruptions from Brexit and Covid-19 hit exports, while China replaced Germany as the largest single import market, according to official figures. the Office of National Statistics said total merchandise trade – …
Read More »Grim outlook for unemployment in London despite strong economic recovery – City Hall analysis
In some ways, the capital has avoided the worst impacts of Covid, but even more job losses seem to be on the cards towards the end of the year. Employment levels in London may not return to pre-pandemic levels for two years despite a strong overall recovery in the capital’s …
Read More »UPDATE 1 Pound Stabilities Below $ 1.42, BoE Speakers at a Glance
* Chart: World exchange rates in 2020 tmsnrt.rs/2egbfVh * Chart: British pound trade-weighted since the Brexit vote tmsnrt.rs/2hwV9Hv (Updates prices, adds information about BoE speakers) LONDON, May 24 (Reuters) – The British pound held steady in recent ranges on Monday, trading at just under $ 1.42 as analysts turn to …
Read More »Best New Children’s Books | Financial Times
UK Children’s Laureate Cressida Cowell last month launched the ‘Libraries that Change Life’ initiative, calling on the Prime Minister to set aside a set aside of £ 100million a year to invest in libraries primary schools. She points out that the government has introduced a bonus of several million pounds …
Read More »Truss’s naivety about trade with Australia could put UK at risk | International exchange
Agriculture is the tail that wags the dog in all business negotiations. Agriculture may be worth less than 1% of GDP in the UK and Germany and less than 2% in France and Italy, but the emotional connection to food makes it a critical topic when negotiators sit down to …
Read More »Pound hits $ 1.42 as economy comes to life
SSnoop Dogg-backed cannabis research firm hares jumped 50% in its market debut as investors took the opportunity to invest in the emerging industry. Oxford Cannabinoid Technologies, which develops pain relievers based on cannabis compounds, climbed early in Friday after the shares were listed on the London Stock Exchange. The company’s …
Read More »The Trader: Stable stocks after the tech blow, resilient UK economy, US inflation the center of attention
Tech stocks have stabilized somewhat and European stocks are a little higher this morning, but global equity markets remain in defensive mode. The Dow Jones fell more than 1.3% and the S&P 500 was nearly 0.9% lower on the day, even as the Nasdaq composite closed well the lows to …
Read More »UK economy ‘poised for less severe impact in first quarter’
LONDON: Lockdown restrictions are expected to have toppled the UK economy by early 2021, but Wednesday’s official figures are expected to show a smaller impact than expected. Experts predict that a resilient performance in March will have helped limit the overall impact in the first quarter as the economy becomes …
Read More »We need to open up venture capital investments to pension funds so that they serve UK savers
Darktrace’s IPO was a relief for investors and founders considering a float in the London market, doing a lot to remove the bitter aftertaste left by Deliveroo’s lackluster start in early April. Yet even this very British success story, founded by expert mathematicians at Cambridge and invested by some of …
Read More »British cities back in the office
British workers are gradually returning to the office as coronavirus restrictions ease. Photo: Getty British workers are returning to the frenetic race as the UK economy reopens and businesses slowly get things back in the office. With the gradual lifting of restrictions, new figures show that workplace attendance has increased …
Read More »UK vaccine rollout and lockdown takes service sector back to 14-month high
Services accounted for 81% of gross domestic product (GDP) and 82% of employment between October and December last year. Photo credit: Matthew Horwood / Getty Images Britain’s largest sector hit a 14-month high in April as the easing of lockdowns and the success of the nation’s vaccine rollout program boosted …
Read More »Is the UK economy out of the woods?
Image source: Getty Images Share this page: After the shocks of the Covid-19 pandemic and Brexit, is the British economy coming out of the woods? Kalkine Media seems to think that we are beginning to see the green shoots of renewal. But what factors will stimulate economic recovery? And how …
Read More »Q&A: “Consistency is key” in a post-pandemic market – Markel | People and opinion
Given Markel’s five-star result, how will you continue to deliver value to brokers and clients? Consistency is the key. It is essential not to lose sight of the basic principles of products and services, as this forms the basis of trust between the insurer, the broker and the end customer. …
Read More »The best UK bank stocks to buy now
British bank stocks returned to the assault in 2021. And investors who bought during the crisis have fared well. But will the recovery continue and which are the best banks to buy now? Coming back to mid-February, just before the crash started, I’m surprised to see that Barclays actions are …
Read More »UK takes slow road to escape risk in Scotland
Scottish First Minister and Scottish National Party Leader Nicola Sturgeon launches her manifesto in Glasgow, Scotland, Britain on April 15, 2021. The UK is taking the slow road to balkanization. Last week’s regional elections saw Prime Minister Nicola Sturgeon’s Scottish National Party and British Prime Minister Boris Johnson’s Conservative Party …
Read More »Will inflation thwart the US economic recovery?
Will inflation thwart the US economic recovery? Corporate America is poised to deliver the best performing season in years, raising hopes for a quick economic recovery. But executives point to a key pressure point on analyst calls: rising prices. For months, Wall Street investors have worried about inflation as the …
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