July 31, 2021
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Business

The “pingdemic” may now be holding back Britain’s economic recovery, data suggest. Figures showed a sharp slowdown in private-sector growth in July. This part of the economy expanded at its slowest pace in four months, and business optimism, a key weather vane for future prospects, slipped to a nine-month low. Staff being forced to isolate after being exposed to a case of Covid-19 was one driver of this slowdown, according to businesses’ responses. It has worsened existing staff shortages in sectors such as hospitality, according to the survey, which is compiled by research company IHS Markit and industry body, the Chartered Institute of Procurement and Supply. Some 600,000 people were pinged by the Covid-19 NHS app this week, thanks to a sharp rise in infections and after the government pressed ahead with lifting restrictions. On an index where any score above 50 indicates growth, the UK’s private sector hit 57.7 in July, down from 62.2 in June.

independent– The “pingdemic” may now be holding back Britain’s economic recovery, data suggest. Figures showed a sharp slowdown in private-sector growth in July. This part of the economy expanded at its slowest pace in four months, and business optimism, a key weather vane for future prospects, slipped to a nine-month low. Staff being forced to isolate after being
Business

Inflation’s rising, but is it here to stay?

independent– As economies reopen, there are concerns that price rises could spiral as supply struggles to meet a sudden uptick in demand. Fresh data has added fuel to these inflation worries. On Wednesday, the Office for National Statistics released figures that showed their measure of price rises, the Consumer Prices Index, rose to 2.5 per cent in […]
Business

How new investors can break into the ‘daunting’ crypto market

express– Cryptocurrencies such as DOGE and SafeMoon have pulled people’s focus this year, with movement behind them spiking growth beyond those of established tokens. DOGE, in particular, has grown by more than 4,000 percent, besting even Bitcoin, which has had a tumultuous year so far. With people now able to pick up far cheaper coins, […]