unitedkingdom
The number of people who are inactive because of long term sickness rose to a record high.The employment rate and vacancies fell very slightly in January-March. However, so did unemployment and inactivity.Estimated employees for April fell 136,000 to 29.8 million. This is the first drop since February 2021.In the last three months there has been a record flow out of inactivity – driven by people moving into employment.After CPIH inflation, real total pay (including bonuses) fell 3% and real regular pay (excluding bonuses) fell 2%.Before inflation, total pay (including bonuses) was up 5.8% and ...
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Weaker than expected US services and jobs dataNASDAQ composite posts third daily fall in a rowAsia Pacific markets follow suitFTSE 100 opens broadly flatBrent crude pauses for breathUK house price growth slowsMarkets Stumble On Weak US DataFollowing a weak readout for US manufacturing earlier in the week the US Services PMI index fell from 51.2 in March from 55.1 in February and well below consensus forecasts of 54.5. Q1 2023 hedge fund letters, conferences and more There’s further signs too of a weakening US labour market with private sector hiring rising by just 145,000 in March, down from 2...
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UK pension holders will increasingly be seeking to move retirement funds overseas as fears grow about the Budget in March, predicts the Investment Director of one of the world’s largest independent financial advisory, asset management and fintech organizations. The warning from James Green of deVere Group comes ahead of Chancellor Jeremy Hunt delivering the first formal UK Budget since 2021 on March 15. Q4 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorEach advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. ...
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Inflation levels are skyrocketing, wage growth is stagnant and consumer confidence is approaching a three-decade low. Despite heaps of evidence showing that rising inflation is going to result in a grim future, many consumers are resisting any spending changes to deal with the changing times to come. Q3 2022 hedge fund letters, conferences and more Perception VS Reality of UK Consumer Spending44% of the consumers surveyed expect to not make any adjustments to their discretionary spendingYet 90% of the companies surveyed have increased their prices - 50% at least twice and 80% expect to make mo...
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Incoming recession and pressure on real incomes likely to cost most households £800 a yearMarkets gain confidence as rumours swirl China could relax Covid rulesStarbucks beats expectations as customers spend big on expensive drinksBrent crude erases recent losses on tighter supply outlookAn Incoming RecessionBritain is bracing for the longest recession since the 1920s, the Bank of England warned yesterday after announcing the largest interest rate hike in 30 years. Latest predictions are that the incoming big squeeze on real incomes is going to cost the majority of households £800 a year. Q3 2...
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It’s been a rollercoaster month for the UK’s financial market following the bungled mini-budget on 23 September that sent equities spiralling, the pound plummeting to an all-time low against the dollar and bond yields soaring higher. In the first few days following Kwasi Kwarteng’s announcement of the mini-budget, Investing.com data showed that 30-year gilt yields rose by roughly 120bps. The bond sell-off forced the Bank of England to intervene and start buying long-term gilts over the next fortnight in order to calm jitters and stabilise pension funds. Q3 2022 hedge fund letters, conferences ...
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New research reveals Swindon as the cheapest town in the UK to open a physical shop Small Business Prices has researched how much it costs to open a physical shop in 32 towns and cities across the UK Swindon ranked number one overall as the most affordable place to open a shopSwindon revealed as the cheapest location to hire a contractorStoke-on-Trent has the lowest commercial space rental costs, averaging £6,510 per monthManchester is the cheapest city to buy a commercial space, with the average cost for a 100-1,000 sq. ft. premises being £50,000Q3 2022 hedge fund letters, conferences and mor...
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UK GDP Has Flipped Into Reverse“The UK economy slammed on the brakes in the second quarter, not helped by war, inflation and extra holidays. GDP may have beaten expectations by a whisker but, having flipped into reverse, that’s not going to count for very much. There may be good reasons for this readout but the stop-start recovery is still a grim reality with recession bearing down. Q2 2022 hedge fund letters, conferences and more “Andrew Bailey has set such poor expectations for the UK economy over the next 18 months, recession is a foregone conclusion and the risk is it ends up being deeper ...
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The public purse is facing a big squeeze with government borrowing higher than expected.FTSE 100 opened lower as concerns continue about the damaging effect of inflation.The oil price has fallen back, with the benchmark Brent crude dipping below $110 a barrel.Energy stocks and miners are once again under pressureThe UK Public Purse Is Facing A Big Squeeze“As the UK economy creaks under the pressure of rapidly rising prices, the public purse is facing a big squeeze, with government borrowing overshooting expectations. With growth going into reverse, dwindling tax payments are partly behind the ...
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In light of new CPI data from the ONS this morning, reporting that inflation has risen to 9.1%, below are comments from Giles Coghlan (Chief Analyst, HYCM) and Jatin Ondhia (CEO, Shojin). Inflation In The UK Is Rising: “If today’s CPI print tells us one thing, it is that the UK’s economic outlook looks very bleak indeed. With forecasts suggesting that GDP will head into negative territory for 2023, the Bank of England has an impossible task on its hands. Ultimately, policymakers have very little choice other than to hike interest rates to bring down inflation. Without adequate quantitative tig...
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