Before the Bell: The Fed will give its latest policy verdict today March 17, 2021 There have been growing concerns that the AstraZeneca-Oxford vaccine is linked to blood clots, which is why several European countries have halted distributing the vaccination. Multiple governments have taken the decision to suspend the rolling out of the vaccine but at the same time, the WHO and the European Medicines Agency support the vaccine. European [...]
On-demand pay: is it here to stay? March 16, 2021 | City Talk Millions around the globe depend on regular salaries and plan their budgets based on paydays. But the lockdown has made personal budgeting much more challenging. Many workers have lost their job and many others are now working remotely. Compounding near universal worries about future and immediate financial security are the added stress and logistical challenges [...]
Global growth narrative set to shift as pre-pandemic legacy issues resurface March 16, 2021 You may have missed what happened in the US and China over the past week but two major events took place in the world’s two largest economies that have the potential to directly impact us here in the UK. The first is the passage of President Biden’s $1.9trn stimulus bill in the US. The second [...]
Covid-19: Forget the fashion pages, the ONS inflation basket tells us pandemic shopping trends March 15, 2021 Covid 19: Forget the fashion pages, the ONS inflation basket tells us pandemic shopping trends
Bailey gives cautious endorsement of ‘coiled spring’ recovery and dampens inflation fears March 15, 2021 The Governor of the Bank of England has backed the economy to recover this year and cautiously endorsed his Chief Economist Andy Haldane’s prediction of a “coiled spring” recovery. Andrew Bailey told the BBC this morning that though current Bank forecasts predict a gradual recovery, there were welcome “risks to the upside.” Haldane has said [...]
UK manufacturers in cash scramble as Covid and Brexit dents profits March 15, 2021 UK manufacturers are suffering a triple whammy of lower sales, declining profits and a “painful cash squeeze”, according to new Insider Pro research. Insider Pro has analysed the accounts of almost 1,500 small and medium-sized manufacturers, which is around a quarter of the industry’s UK workforce. Read more: Brexit: UK food manufacturers to face millions [...]
Tech hiring surges as firms turn to government’s Kickstart Scheme March 15, 2021 The resilience of the tech sector has seen hiring return to pre-pandemic levels and now it is turning to the government’s kickstart scheme to recruit under-24s. The digital tech sector has seen hiring surge to pre-pandemic levels with 122,446 advertised roles in the IT sector alone. Firms are making use of the government’s Kickstart Scheme [...]
Farmers union slams free pass for EU imports as UK food exports face red-tape and higher costs March 12, 2021 Farmers union pleads for level playing field on EU imports as food exports face financial barriers
Analysts: UK economy ‘like a punchdrunk boxer hanging off the ropes’ March 12, 2021 UK’s GDP shrank by 2.9 per cent in January, it was announced this morning, blowing a “cold snap” through the UK economy as a third national lockdown was imposed. Analysts were torn as to whether the harsh fall is a glass of cold water to the face, or better than what was forecast. January’s figures [...]
Branston pickle, Cadbury flake and crumpets among top five UK exports expats craved during pandemic March 11, 2021 Demand for UK food from exporter British Corner Shop surges in US amid revenue rise by 150 per cent
