Job losses loom in further sign of economic slowdown April 21, 2022 The UK jobs market is set to take a knock this year after it weathered the gloomiest post-furlough predictions, reveals new research published today. Around one in five firms are intending to scale back staffing levels over the coming year, according to conciliation service Acas. The fresh survey illustrates the steep deterioration in the trading [...]
CBI chief economist: Bank of England chasing missed rate hikes April 21, 2022 The Bank of England has been slow to get ahead of an inflation crunch that is now expected to choke the UK’s economic recovery, according to the chief economist at Britain’s top business group. Rate setters “should have acted sooner in the autumn” to cool the elevated cost of living, Rain Newton-Smith, chief economist at [...]
Steepening yields boost London-listed banks April 20, 2022 Financials led the way in the City today as a steepening in global yields boosted sentiment to banks and fund managers. London’s premier FTSE 100 index climbed 0.37 per cent to 7,629.22 points, while the mid-cap domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, closed 0.58 per cent [...]
Brits bask in Easter weekend sunshine in beer gardens and zoos April 20, 2022 Beaming sunshine and no restrictions on daily life to curb Covid-19 infections prompted Brits to pour into pub gardens, zoos and football grounds over the Easter weekend, fresh research reveals. Temperatures of over 20 degrees notched in many parts of the UK across last weekend led to a boom in spending on some activities that [...]
1 Minute Market Rundown – 20th April 2022 April 20, 2022 | City Talk Russia – UkraineCrypto ConsolidatesPowell to Speak Later in the Week We highlighted Yen weakness as the current theme and that continues yesterday as the JPY slid to a 2 decade low against the USD trading above 129.00. Overnight and this morning we are seeing the USD pare back its losses – not all too unsurprising [...]
33 reasons not to invest in the stock market April 20, 2022 | City Talk Wars, natural disasters, economic strife, and pandemics – the last four decades have challenged and affected people’s attitude towards investing. In many cases they make an already tough decision to commit your money to investments even harder, leading some to not invest at all. Behavioral scientists have a name for this: loss aversion. They estimate [...]
Getting a 2.2 and studying English at university hits earnings potential April 20, 2022 Graduates that receive a 2.2 in their undergraduate degree risk losing out on future earnings compared to higher achieving students, reveals fresh research published today. The penalty for getting a lower second degree classification as opposed to a 2.1 is seven per cent lower earnings for women, according to the Institute for Fiscal Studies (IFS). [...]
Accelerating costs and higher tax bills knock employers’ confidence April 20, 2022 Swelling cost burdens and higher tax bills are eating into UK businesses’ confidence in the country’s economic prospects, reveals a fresh survey published today. Severe inflationary pressures sourced from the Russia-Ukraine war sending energy prices higher and ongoing supply chain disruption has muddied the outlook for the UK economy. The world’s economic watchdog, the International [...]
Downbeat IMF growth projections weigh on London’s top indexes April 19, 2022 London’s top indexes were weighed down today by the world’s economic watchdog downgrading its forecasts for the UK and global economy. The capital’s premier FTSE 100 index closed 0.2 per cent lower at 7,601.28 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, dropped 0.75 [...]
Cost of living crisis to throttle UK economic growth, IMF warns April 19, 2022 A historic cost of living crunch that is being stoked by Russia’s invasion of Ukraine and strict lockdowns in China will disrupt Britain’s road to recovery, fresh forecasts published today by the world’s economic watchdog revealed. UK households are set to slash spending in response to rampant inflation eroding their living standards rapidly, choking growth [...]
