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Friday 24 February 2023 3:05 pm  |  Updated:  Friday 24 February 2023 3:14 pm

The cost of living, Will Smith and the future of Wasps and Worcester: This week’s best read stories on City PM

By: Samantha Downes

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The most read pieces this week included about Lloyds, housing, consultancy and China's Big Four pushback
The most read pieces this week included about Lloyds, housing, consultancy and China's Big Four pushback

The rising cost of living and its implications dominated this week’s best read list, along with UCL researcher Rosie Collington’s challenge to the consultancy sector and

One: Lloyds Bank’s profits to help cushion customers’ rising cost of living

Lloyds Bank’s announcement that its profits are to be held back to help with the cost of living was the best read story on City PM this week.

Lloyds Bank profit poised to be held back by setting aside millions to cope with cost of living defaults


Two: Calling the consultants’ bluff

The Big Con author Rosie Collington explained to readers how reining in the power of consulting firms would help UK business. 

Calling the consultants’ bluff: The Big Con author on reining in the power of consulting firms

Three: China tells state-owned companies to cut ties with the Big Four

Readers were interested in a story on the Chinese government and how it told state-owned companies they needed to eschew the services of the global big four in favour of Chinese auditors.

China tells state-owned companies to cut ties with the Big Four

Four: Pensions deadline gets nearer

Retirement matters were on readers’ minds as savers were warned of approaching state pension National Insurance ‘top-up’ deadline.

Savers warned of approaching state pension National Insurance ‘top-up’ deadline

Five: Why teenage figure skater Kamila Valieva could now be facing a four-year ban

Readers flocked to City PM’s sports pages to read about the dilemma faced by a Russian figure skater.

Read more

Barclays and Lloyds back calls to digitalise UK markets and unlock £33bn boost

GettyImages 2211256637 showing a significant event or figure relevant to recent news updates in the business sector
Why teenage figure skater Kamila Valieva could now be facing a four-year ban

Six: Will Smith shocks by making joke about Chris Rock Oscars slap

A year after his Oscars’ slap Will Smith made a joke about his altercation with Chris Rock, an unexpected moment which made the story City PM’s sixth best read story of the week.

Will Smith shocks by making joke about Chris Rock Oscars slap

Seven: Jeremy Hunt faces calls for March budget giveaways after UK borrows £30bn less than forecast

A hike in the cost living has led to calls for the government to re-think its taxation policies, a story that is set to run for another month while readers wait for the budget.

Jeremy Hunt faces calls for March budget giveaways after UK borrows £30bn less than forecast

Eight: FTSE 100 close: Barclays and Lloyds Bank help London index kick off new week in the black

The FTSE reached new highs this week, by breaching the 8,000 mark, but has since dipped down.

FTSE 100 close: Barclays and Lloyds Bank help London index kick off new week in the black

Nine: Britain passing up £18bn economic boost due to ‘failure’ to build enough homes 

Property, and more so homes, were another reader fascination this week, with a take on how property ownership and development could boost the UK economy.

Britain passing up £18bn economic boost due to ‘failure’ to build enough homes

Tne: Worcester and Wasps’ future in doubt as councillors plot to seize Sixways from owners

The sage of Sixways is set to continue and has gripped City PM readers for the last week.

Worcester and Wasps’ future in doubt as councillors plot to seize Sixways from owners
Read more

Bank of England chief economist ‘not trying to be a troublemaker’ on rates split

Chief economist Huw Pill said "consistency" was key to the Bank of England's quantitative tightening programme (Photo by: Graeme Sloan/Bloomberg via Getty Images)

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