FTSE 100 nudges higher after BoJ tightening boosts UK banks December 20, 2022 London’s FTSE 100 nudged higher today after banks were boosted by yet more signals from the global central banking community that policy will keep tightening next year. The capital’s premier index added 0.13 per cent to close at 7,370.62 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of [...]
Workforce shrinkage risks roiling growth and embedding inflation December 20, 2022 A workforce squeezed by older Brits retiring earlier threatens to intensify inflation in the UK and whack economic growth, a new report out today claims. The some 565,000 people who have left the jobs market since the start of the Covid-19 crisis will drag on a UK economy that is already tumbling into an at [...]
Second strike: Nurses walk out again as five key London hospitals decimated December 20, 2022 Nurses in Britain will go on their second day of industrial action in the space of a week with five London hospitals to be the centre of the strikes. The hospitals to be affected include Great Ormond Street Children’s Hospital, Guys and St. Thomas’ and Imperial College Healthcare, Royal Marsden and NHS North Central London. [...]
FTSE 100’s winners and losers in 2022 December 19, 2022 The Christmas lull is setting in. Investors are bracing to turn off their screens and get away from the daily City grind. Trading volumes on the FTSE 100 are thinning. It’s also that time of year when financial journalists pick through the UK’s worst (and best) performing stocks over the past 12 months. Without further [...]
Brexit: European nurses don’t want to work for NHS, report suggests December 19, 2022 Brexit-induced migratory hurdles and poor wages have made Britain an unattractive destination for Europe's nurses.
Older Brits in need of cash return to work in droves as cost of living chaos destroys budgets December 19, 2022 Money is a key motivator for older workers returning to work as the merciless cost-of-living crisis increasingly bites, it has emerged. The Office for National Statistics has published experimental data on the motivations for the over 50s to return to work. Money is an important motivation to return to work for all groups, particularly younger groups, with 69 per [...]
Hunt confirms full fat budget and OBR forecast on 15 March 2023 December 19, 2022 The government will deliver a full fat budget on 15 March next year, chancellor Jeremy Hunt confirmed today. The announcement will be accompanied by an assessment of the impact of the government’s tax and spending plans on the public finances by the Office for Budget Responsibility (OBR). Last month, Hunt delivered what was in effect [...]
UK on course for slow burning recession, KPMG predicts December 19, 2022 The UK economy is on track to enter a long recession sparked by households and businesses being squeezed by sky high price rises, new forecasts out today unveil. Gross domestic product (GDP) will shrink 1.3 per cent next year, according to consultancy KPMG, who have become the latest organisation to warn of a protracted slump [...]
Treasury grabs extra £85bn in taxes from Brits after Covid measures end December 19, 2022 The UK government has added an extra £85.1bn in tax revenues over the last year after a raft of Covid-19 support measures were scrapped, new figures out today show. Total revenue flowing into the treasury from Brits’ pockets hit £775.6bn in the year to April 2022, up from £690.5bn in the previous year, according to [...]
City eyes final economic data before Christmas shut down December 18, 2022 Although investors will be readying to get away over the Christmas break, there are a few economic data sets to get through before the City shuts down. Last week, London’s FTSE 100 index slumped nearly two per cent to close at 7,332.12 points as traders were bombarded by a barrage of global economic news. FTSE [...]
