Tag: politics
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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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“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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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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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…
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Position Posted: Chancellor of the Exchequer
It has been a bleak start for Rachel Reeves. Reports of lying about her credibility, pressure from the Labour bench and pressure from business leaders. It is safe to say the latest budget would be her ultimate test; whether she can get businesses on board will be the biggest question to ask. The latest BoE…
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The break-up of the decade, your beloved household brand – Kraft Heinz
A marriage forged by Warren Buffett and 3G Capital has come to an end. With falling sales and a shift in consumer taste, what does that mean to ketchup lovers, and what can we learn from Buffet’s mistake? On a personal note, you and I knew that Heinz was the go-to brand for condiments like…
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The three letters that haunt everyone: Tax. Why this Autumn is different
As summer holidays come to an end, households will now be shifting their focus towards the upcoming Autumn budget. Why is this Autumn different? Let’s have a quick recap of what’s been happening in the UK: Since Labour entered government, there has been a strong focus on reducing government debt, currently around £2.9 trillion (96%…
Econ Oddities 