Tag: finance
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UK Saves Up whilst the G7 Parties Out
Since 2020, UK household spending has only increased by 1.1% and 3% per capita. Compared to neighbouring countries such as the US (12.7%) or Italy (3.2%), it is clear that households are looking to save rather than spend. Before COVID, household expenditure accounted for two-thirds of the UK’s GDP, which steadily grew for 6 years.…
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“Consumers Will Pay” – AutoZone Chief Executive
Since the reciprocal day, US producers have shouldered higher tariff costs from consumers. However, this will change since recent data highlights the rise in price for some products. For example, audio equipment up by 14%, dresses up by 8% and hardware & lights up by 5%. Ashley Furniture, the world’s largest furniture manufacturer, pre-announced before…
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“Over 100 Applicants For A Part Time Job” – What’s Wrong With The UK’s Job Market
With last year’s October budget in full effect, it is clear that businesses are having to reduce labour hours or cut staff to remain competitive and survive. British clothing brand Next stated that whilst vacancies have fallen by over 35% over the past two years, the number of applicants per job has risen by 76%.…
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Persistent Inflation Continues To Float Around The Air
Inflation remained at 3.8% in August, the same as July, showing it’s still a threat to the economy. Food and non-alcoholic drinks prices rose from 4.9% to 5.1%, higher than predicted by analysts. The ONS stated that there was a small rise in prices for vegetables, milk, cheese and eggs and fish. These rises were…
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Britain’s cheapest supermarket plans to raise prices this Autumn
Aldi have stated that any tax raids on supermarkets will inevitably lead to price rises for households. This comes as a warning from Mr Hurley, Aldi UK Chief Executive, noting that any further increases in employer costs could lead to higher food inflation. The upcoming Autumn budget has created uncertainty among many UK sectors, fearful…
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Private Beefs With Public – Reeves’ Taxation Conundrum
Over the past few days, this blog and other business articles have focused heavily on which sector Reeves will pull the plug on. Will it be banking or will it be public? Barclays Chief Executive, CS Venkatakrishnan, spoke on his concerns about taxing the banking sector as a way to fill the fiscal deficit. His…
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Get Ready for a Federal Surprise – What You Need to Look Out for
US inflation rose by 2.9% in August, as the effects of the tariffs begin to creep in. With a weakening labour market and falling US confidence, what direction the Federal Reserve choose is the big question. A rate cut is expected later next week, with a 0.25 point most likely despite Republicans pressure for something…
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How Your Pockets Could Be Heavier By The End Of The Year
The unexpected drop in the jobs report for August of just 22,000 added in the US suggests how the job market stalled for a brief moment. With tariffs being the benevolent factor, could sticky inflation be a factor to consider as well? Sticky inflation is a period of persistent inflation ineffective to tools such as…
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Bleak Oil Pours Down on Investors
Over the past few months, the price of crude oil has stabilised around $50 per barrel. Households will be happy with this since it means stable prices for products linked to oil, such as sunflower oil or fuel. However, many businesses that rely on crude oil have faced constraints on their revenue due to lower…
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Taxes Do Damage……
The £25 billion increase in payroll taxes has proven to be unpopular among American investors. With US confidence in the UK falling from 7.8 in 2021 (out of 10) to 6.2, many investors are showing signs of uncertainty in the UK economy. What does it mean to you? Investment coming from externally (outside of the…
Econ Oddities 