ECONOMY

Consumer confidence in the United Kingdom has fallen to its lowest level since 1974

Consumer confidence in the United Kingdom has fallen to its lowest level since records were recorded in 1974, due to growing concerns about the cost-of-living crisis. Exciting concerns that Britain is heading for a recession due to pressure on family budgets, the latest monthly survey showed that consumers are now more gloomy about their prospects …

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More Russian oil heading east is pushing Iranian oil sales to China

Iranian oil exports to China have fallen sharply since the start of the Ukrainian war, as Beijing has favored significantly cheaper Russian barrels, leaving nearly 40 million barrels of Iranian oil on tankers at sea in Asia, looking for buyers. US and European sanctions imposed on the Moscow invasion of Ukraine on February 24 pushed …

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Breaking: Unite and Bilfinger are asking North Sea workers to stop strikes

Workers on strikes across the North Sea have been asked to resign because Bilfinger UK has joined the collective bargaining agreement today. Controversially, the supplier has long been missing from the Energy Services Agreement (ESA), which already sets a minimum wage and conditions for around 5,000 workers. Bilfinger has now agreed after the strikes that …

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The banks ordered the withdrawal of employees from the city when the EU took power

European regulators have ordered eight banks to relocate staff from London as part of a Brussels takeover. The European Central Bank (ECB) said it had identified 56 groups of traders who should do their job within the European Union, after a long investigation into whether the institution was trying to circumvent the Brexit rules. In …

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Northern Gritstone provides £ 215 million in support for university spin-out agreements

The university’s spin-out, chaired by Lord O’Neill, former finance minister and economist Goldman Sachs, has secured support from a pair of large local government pension funds as part of an initial fundraising of £ 215 million. Sky News understands that the Greater Manchester Pension Fund and the West Yorkshire Pension Fund have joined a number …

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Pubs heading for a “disaster” says Sacha Lord, while inflation destroys hospitality

Manchester night economy adviser Sacha Lord is urging the chancellor to cut VAT back to her pandemic discount rate of 5% as inflation soars to a record 40-year high. He said the hospitality sector was heading for an “absolute catastrophe” if the government did not intervene quickly to face soaring bills for bars, pubs, restaurants …

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Three ways Sunak can raise £ 10b to help Britons struggling with energy bills Arun Advani

Suppose the Chancellor wants to follow Scottish Power’s advice and give the heaviest British households £ 1,000 in energy bills this winter? Would it be possible to raise the required £ 10 billion in a way that does not just tax the same people he is trying to help? I can think of at least …

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The monetarists were right about inflation, but now they have a completely different warning

Monetarists are suddenly new superstars, and deservedly so. The score for the last 20 months is zero points for hegemonic new Keynesian group thinking: a lot of points for the forgotten quantitative theory of money. At the end of 2020, a small fraternity of monetarists watching the esoteric “aggregates” M1, M3, M4 warned that the …

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