On the eve of reshuffling his Alexander’s Ragtime Band of cabinet ministers, the prime minister let it be known that he intended to fight the next election “around Brexit”. No doubt this will have come as interesting news to the growing band of Brexiters who are complaining that it was not meant to be about…
Record energy prices have forced two fertiliser plants in the north of England to shut down and brought steel plants to a halt, in some of the clearest signs that the energy crunch engulfing Europe could deal a blow to the UK’s economic recovery.
The drop in UK retail sales last month was down to three factors, says Philip Shaw of Investec: As such, he thinks sales patterns are shifting towards normalisation, rather than the recovery stalling….
The UK house price data released today showed the second steepest monthly decline in house prices since 1968, of 3.7%, knocking around £10,000 off the value of the average home. Tom Bill, head of UK residential research at Knight Frank, says:
Looking back at today’s UK jobs figures…the NIESR thinktank says the labour market shows signs of “a U-shaped recovery”. With the number of pay-rolled employees returning in August to its pre-pandemic level of 29.1 million, the recovery seems to be on track, NIESR believes.
Stocks correction of 5%-10% likely by year end – Deutsche survey https://t.co/nxIyMnsZYN joins chorus of banks forecasting selloff in coming weeks pic.twitter.com/BwvaRoNoLb Deutsche Bank’s survey also found that few global investors expect new full-scale lockdowns before the end of the year.
Watching Afghanistan’s unfolding trauma, I’ve thought a lot about Mumtaz Ahmed, a young teacher I met a few years ago. Her family fled Kabul during Taliban rule in the late 1990s. Raised as a refugee in Pakistan, Ahmed had defied the odds and made it to university. Now, she was back in Afghanistan teaching maths…
One year’s intake of international students at British universities generates economic activity worth £390 for each person in the UK each year, rising to more than £700 for every inhabitant of London, according to a study published today.
TP ICAP Group, the world’s largest inter-dealer broker, has blamed the move to home working and Brexit for a drop in trading volumes that hit its profits in the first six months of 2021. In its half-year results today, TP ICAP says the markets have continued to be “uncommonly quiet” in the first half of…
UK van sales jumped in August, defying the slowdown in car registrations. The light commercial vehicle (LCV) market saw its second best August on record with 20,582 new vans registered last month, 6.1% more than a year ago, according to the Society of Motor Manufacturers and Traders.