Category: UK

BoE Holds Rates At 15 Year High, Warns “Still Some Way To Go”
14. 12. 2023 No Responses

BoE Holds Rates At 15 Year High, Warns “Still Some Way To Go”

But rate-cut expectations are rising nevertheless. The Bank of England – as was expected – held interest rates steady at 5.25% (in a 6-3 vote – also expected, with Greene, Haskell, and Mann all pushing for another 25bps hike). With rates at...
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Collapse of Energy Suppliers
18. 12. 2021 No Responses

Collapse of Energy Suppliers

“Since the beginning of September, a total of 24 energy suppliers have now failed following a spike in gas prices.” “As suppliers continue to fall like dominoes, it’s clear the market is not functioning as it should and there are...
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Heathrow Airport Passenger Numbers Remain Almost 90% Down From Pre-Pandemic Levels
15. 7. 2021 No Responses

Heathrow Airport Passenger Numbers Remain Almost 90% Down From Pre-Pandemic Levels

Heathrow airport passenger numbers remain almost 90 percent down on pre-pandemic levels and significantly lower than EU rival airports, new figures show. Airport bosses revealed just 957,000 passengers passed through its terminals in June compared with 7,246,1...
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Mercedes caught spying on drivers with secret tracking devices
21. 8. 2019 No Responses

Mercedes caught spying on drivers with secret tracking devices

Daimler, i.e. Mercedes-Benz has found itself at the center of an apparently illegal spying operation, following reports that it installed tracking devices on thousands of vehicles and shared customer location data with third parties. According to the Sun, Mer...
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Ryanair pilots vote for strike action
7. 8. 2019 No Responses

Ryanair pilots vote for strike action

UK-based Ryanair pilots have voted to strike in a row over pay and conditions. In July, the budget airline reported a sharp fall in quarterly profits to 21%, due to higher costs for fuel and staff, and reduced ticket prices. The...
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UK car production crashed by 45%
30. 5. 2019 No Responses

UK car production crashed by 45%

UK car production fell 44.5% according to the Society of Motor Manufacturers and Traders (SMMT). In what it called “an extraordinary month”, the SMMT said only 70,971 cars rolled off production lines. That was 56,999 fewer than in April a...
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Ford sales rise about 7% in January, GM down 7%
4. 2. 2019 No Responses

Ford sales rise about 7% in January, GM down 7%

Ford and GM are no longer announcing monthly sales but Bloomberg sources say Ford was up about 7% and GM down about 7%. Earlier Volkswagen was reported down 6.7% so the consumer is looking a tad soft to start the...
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Removing defunct oil and gas rigs in the North Sea could cost UK taxpayers £24 Billion
25. 1. 2019 No Responses

Removing defunct oil and gas rigs in the North Sea could cost UK taxpayers £24 Billion

NAO report reveals cost of removing hundreds of North Sea wells, rigs and pipelines British taxpayers face a £24 Billion bill for tax relief awarded to oil and gas companies removing hundreds of North Sea wells, rigs and pipelines, the...
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U.K.: Housing market outlook worst ‘for 20 years’
17. 1. 2019 No Responses

U.K.: Housing market outlook worst ‘for 20 years’

The housing market outlook over the next 3 months is the worst for 20 years, surveyors say. A net balance of 28% of Royal Institution of Chartered Surveyors (RICS) members expect sales to fall in the next 3 months. It’s...
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Collapse Of Global M1 Supply Signals A Big Headache
15. 1. 2019 No Responses

Collapse Of Global M1 Supply Signals A Big Headache

  Every time M1 growth has dipped negative – as central bank liquidity injection either slowed or went into reverse – there has been a financial crisis. Milton Friedman was well aware of the consequences of the decline of M1,...
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