UK recovery blinks in the face of supply chain breakdowns leaving economy stumbling behind G7 rivals November 11, 2021 The UK economic recovery is blinking in the face of severe supply chain breakdowns and soaring inflation, leaving Britain stumbling behind its G7 rivals. Over the three months to September, the British economy grew 1.3 per cent, much lower than experts’ expectations, according to the Office for National Statistics (ONS). Worryingly, the ONS revised down [...]
What everyone warned for is now a fact: Supply chain woes are slowing UK economic growth November 11, 2021 The ONS said this morning that UK economic growth slowed sharply between July and September. The official figures show this is largely due to the ongoing supply chain problems. The economy expanded by 1.3 per cent between July and September, down from growth of 5.5 per cent in the previous three months. The ONS said [...]
GDP: Summer spending pushes UK economy growth spurt of 1.3 per cent November 11, 2021 The UK economy grew by 1.3 per cent between July and September, down from 5.5 per cent in the previous three months, the Office for National Statistics (ONS) has said. The quarterly figure has fallen below analyst estimates of 1.5 per cent. The UK’s GDP remains just 0.6 per cent below its pre-pandemic levels after [...]
Global inflation tiger proves hard to catch as US prices rise at fastest rate in 30 years November 10, 2021 The global inflation tiger has been let out of the cage and is proving difficult to catch, scuppering bets from central bank wonks on price rises being temporary. Soaring energy prices, compounded by supply chains buckling under the weight of a resurgence in global demand as economies emerge from the pandemic has driven up prices [...]
Tsunami of resignations in war for talent hampers businesses’ growth across UK November 10, 2021 Fierce competition for talented new hires is forcing business leaders across the UK to compromise on the quality of their recruitment, while almost half saying they are not confident in being able to attract the right talent to fulfil their businesses growth potential. A wave of resignations, by professionals joining another company or making a [...]
China factory prices climb at fastest pace in over 25 years November 10, 2021 Factory gate prices in China are soaring at the fastest pace in over two and a half decades. The world’s second largest economy posted a 13.5 per cent annual jump in prices for raw materials last month, strengthening the prospect that China could export fiery inflation across the world. October’s reading was the highest since [...]
Labour squeeze to fuel inflation and clamp down on economy November 9, 2021 The ongoing labour squeeze plaguing the UK economy will trigger a surge in prices. That’s the warning from one of the Bank of England’s rate setters, who warned today that stronger inflation is the inevitable outcome of severe supply and demand imbalances. Responding to a grilling by MPs, Ben Broadbent, a deputy governor at the [...]
Don’t make climate promises you can’t keep November 9, 2021 | City Talk Company CEOs and governments have rushed recently to make “net-zero by 2050” promises. This is a very admirable sentiment but in reality, how many of those CEOs and leaders of government will be in their current positions in 2050? Likely zero. Promises are easy to make when making them is an easy way to carry [...]
UK economy set to eke out anaemic growth in set of muddled GDP figures November 9, 2021 The UK economy is set to squeeze out anaemic growth as the recovery from the Covid-19 crisis continues to slow, according to City economists. Severe supply chain bottlenecks, compounded by soaring energy prices, logistics systems breaking down and a paucity of workers has crimped businesses. As a result, the size of the British economy is [...]
‘Cheap money’ fuels crypto rush as Bitcoin bounces near record $66k high amid inflation fears November 8, 2021 Bitcoin jumped by more than 7 per cent over the last 24 hours, heading above $66,300. ’Bitcoin is bouncing higher again, close to all-time highs fuelled by expectations that the era of cheap money looks set to hang around for longer, while inflation is expected to keep ticking up,” Susannah Streeter, senior investment and markets [...]
