Higher interest rates signal housing market slowdown

The property market is bracing for the start of the slowdown in the rate of house price growth. The Halifax House Price Index for April showed average values were up 10.8% annually last month to a record £286,079. However, while prices rose for the tenth consecutive...

Over-priced tech stocks in trouble

2022 has delivered a blunt reality check to investors. After a massive rally in 2020 and 2021, the S&P 500 is already down 10% in 2022. According to Peter Schiff, CEO and chief global strategist at Euro Pacific Capital, the worst is yet to come for investors. The...

Investing in bear markets

It would be nice to anticipate when the market reaches its high point, sell everything, wait patiently for the next crash, with people panicking, and then buy everything back at the low point when the market starts to rise again with frightening force. This is what...

Energy suppliers double direct debits

Direct debit payments have at least doubled for one in four energy users, research claims. British Gas and Octopus are among the firms singled out by furious customers in a survey. Energy prices went up by 54% in April, but some direct debits went up 100%. Money...

Stagflation fears

Britain is facing the risk of stagflation after the Bank of England warned that surging energy prices will drive inflation to 10% by the end of the year as the economy stumbles. The pound plunged to its lowest since June 2020 as the BoE hiked borrowing costs to a...

Britain’s outlook

The Bank of England has predicted another recession, double-digit inflation and half a million job losses as stagflation forces stalk the UK economy. In a dismal set of forecasts, Threadneedle Street warned Britain faces anaemic growth in the coming years as...

UK tax receipts rise

Government statistics issued yesterday show that HMRC tax receipts are £80bn higher than they were before the pandemic. Growth in tax returns was fuelled in part by a 35% year-on-year surge in the UK’s capital gain tax bill, which is up from £10.8bn to a record...

Cost of living crisis

The chancellor should be more worried about the risk of the cost-of-living crisis plunging the UK into a recession later this year, than higher debt costs, economists warn. Rishi Sunak faces a trade-off between trying to trim the public debt or easing pressures on...

More pressure on Crypto firms

Britain’s Advertising Standards Authority has issued enforcement notices to more than 50 cryptocurrency firms, which could be sanctioned if they don’t clean up their act. Regulators have issued repeated warnings about ‘misleading’ and ‘irresponsible’ crypto ads, which...

Pensioners boosted by promise to re-instate triple lock.

Pensioners are in line for a £733 boost to the state pension next year, after the Government promised to reinstate the state pension “triple lock”. Ministers denied millions of pensioners a record £822 increase in the state pension this year due to its controversial...