Brexit migrant exodus not to blame for labour squeeze November 23, 2021 Hundreds of thousands of Brits have stopped working since the start of the Covid-19 crisis, creating a vacuum of workers, according to fresh figures released today. Research by the Resolution Foundation found the number of workers who are economically inactive – which means they are either not working or not looking for work – has [...]
Powell secures Biden nomination to lead US Fed for second term November 22, 2021 US Federal Reserve chair Jerome Powell has today been recommended for a second four-year term to lead the central bank by President Joe Biden ending months of speculation over whether he would remain in the job. Powell has come under intense scrutiny while heading the world’s most influential central bank due to the Fed keeping [...]
Federal Reserve chair Jerome Powell nominated for second term November 22, 2021 Federal Reserve chair Jerome Powell has been nominated for a second four-year term by President Joe Biden., Lael Brainard, the Federal Reserve board member who vied with Powell for the job, will be vice chair, the White House said on Monday. “While there’s still more to be done, we’ve made remarkable progress over the last [...]
CBI chief: Spectre of inflation is ‘very real’ and larger than we thought November 22, 2021 The chief of the influential business group the Confederation of British Industry (CBI) has warned that inflation is “very real” and is threatening to squeeze British firms. Speaking at the CBI’s annual conference, the group’s director general Tony Danker warned that pay hikes will “spill over” into prices, intensifying the cost of living crisis pinching [...]
London markets boosted by rallying bank stocks as rate hike bets lift sentiment toward sector November 22, 2021 A rally among banks boosted London markets this morning as sentiment toward the sector improved on strengthening prospects of the Bank of England hiking rates. The capital’s premier FTSE 100 index climbed 0.49 per cent 7,258.91 points, while the mid-cap FTSE 250 added 0.30 per cent to 23,561.92 points. The likes of Barclays, NatWest and [...]
Neglecting parts of the UK has led to ‘branch line’ economy, warns CBI chief November 22, 2021 A leading business group warned this morning that parts of the UK have been neglected over decades, leading to a “branch line” economy. The CBI said delivering economic growth across the country will be the determining factor in whether the Government’s levelling up agenda will be a success. Director general Tony Danker said clusters of [...]
CBI pushes Tories on levelling up and says regions need cash and clusters November 22, 2021 Business group the CBI today said delivering economic growth across the country will be the determining factor in whether the Government’s levelling up agenda will be a success. Director general Tony Danker said clusters of economic activity will have to be created or built on, in different parts of the UK. Danker will push for [...]
Carbon capture patents rise for fifth year running as China aims to mitigate reliance on fossil fuels November 22, 2021 Global patents for carbon capture and storage have risen 22 per cent, increasing for the fifth year in a row amid heavy coal usage from China.
Buoyant mining stocks boost FTSE 100 November 19, 2021 A rally among mining stocks boosted London’s premier FTSE 100 index this morning. The capital’s premier index added 0.23 per cent to reach 7,272.35 points, while the mid-cap FTSE 250 index edged back 0.08 per cent to 23,556.93 points. A rally among mining stocks boosted London’s premier FTSE 100 index this morning. The capital’s premier [...]
Government borrows £18.8bn in October as debt to GDP remains elevated November 19, 2021 The government borrowed the second highest amount of money on record in October as the pandemic continues to hit the public finances. The government borrowed £18.8bn in October, the second highest monthly figure since record began in 1993. The borrowing figure was much higher than expected. Experts had expected public sector borrowing to fall to [...]