Mike Cherry interview: Now is not the time to saddle small businesses with higher taxes January 27, 2022 The pandemic has been a bumpy ride for Britain’s entrepreneurs and small businesses. Trying to navigate the choppy waters of the government swinging between tougher and looser restrictions to tame Covid-19 has been fraught with risk and uncertainty. But, one thing seems for sure: the looming heavier tax burden will weigh heavily on small firms, [...]
Swelling tax burden to highest level since 1950s is ‘understandable’ January 27, 2022 The government’s decision to saddle Brits with the heaviest tax burden since the 1950s is “understandable,” according to a group of cross-party MPs. A ramping up of government spending announced at the October budget to deal with the ongoing fallout of the Covid-19 crisis is needed “given that the country is still in the midst [...]
US Federal Reserve tells markets to buckle up for end of stimulus January 26, 2022 The US Federal Reserve yesterday told investors to strap in for a rapid unwinding of the wave of cheap cash that has flooded global financial markets. The most influential central bank sent the strongest signal yet that the era of ultra-loose monetary policy is coming to end. The Fed’s committee of rate setters said they [...]
London markets fly out of the blocks as travel stocks surge January 26, 2022 London markets flew higher yesterday driven higher by travel and leisure soaring on booking volumes climbing. The capital’s premier FTSE 100 index closed 1.33 per cent higher at 7,469.78 points, while the domestically-focused FTSE 250 index, which is more aligned to the health of the UK economy, climbed 1.05 per cent to finish at 21,873.08 [...]
Today’s Fed meeting: ‘Officials are behind the curve when it comes to dealing with inflation risk’ January 26, 2022 Markets’ main focus is set to be on today’s Fed meeting, and the messaging that is expected to layout the rate path for the rest of the year, starting with a widely expected 0.25 per cent March rate hike. “Last month’s Fed meeting saw the central bank accelerate its tapering program to $30bn a month, [...]
Market sentiment driven by events on Russia vs NATO over Ukraine and today’s Fed meeting January 26, 2022 European markets had a slightly more resilient tone yesterday, reversing some of their early week losses, however we still remain below the closing levels of last week, so it might be a little early to sound the all clear so to speak. US markets also saw another rollercoaster session, opening sharply lower, as they looked [...]
London markets snap back from bruising day January 25, 2022 London markets snapped back from a dismal start to the week as investors were buoyed by Monday’s Wall Street rally. The capital’s premier FTSE 100 index added 1.02 per cent to reach 7,371.46 points, while the domestically-focused FTSE 250 index, which is more aligned to the health of the UK economy, climbed 0.9 per cent [...]
Transition to net-zero to cost $9 trillion each year January 25, 2022 The world would have to spend over $9 trillion a year to reach net-zero targets, reveals a fresh study released today. Total spending on weaning the global economy off carbon-intensive production processes by 2050 would reach $275 trillion, according to consultancy McKinsey and Company. The new findings underline the scale of the cost burden the [...]
Inflation and supply chain crisis to throttle UK economy, IMF warns January 25, 2022 The global supply crunch and roaring inflation will choke UK growth this year, the world’s economic watchdog warned today. A combination of the supply chain crisis rumbling on and the cost of living corroding Brits’ incomes has prompted the International Monetary Fund (IMF) to downgrade their forecasts for UK economic growth this year to 4.7 [...]
British factories prepare to launch quickest price hike cycle since 1977 January 25, 2022 British factories are preparing to launch a rapid cycle of price rises to offset a cost onslaught, reveals a closely watched survey released today. The fresh print adds to agitation at the Bank of England over inflation becoming entrenched in the UK economy as a result of businesses baking in soaring costs to their pricing [...]
