Business

Starling ‘once again’ the most popular bank among switchers – full list of available rates

express– The Current Account Switching Service released its latest data today which showed only seven banks made gains in Q1 2021. The data also highlighted what is important to savers at the moment and financial concerns are not ranking highly. Triodos Bank, who placed second in the

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

Investment expert warns Bitcoin lacks key elements to make it a currency of the future

express– Speaking to Express.co.uk, Chris Clothier, fund manager at London-based CG Asset Management, warned potential investors in Bitcoin that despite what proponents of the cryptocurrency may say, Bitcoin lacks a fundamental element for it to be used as a transactional currency of the future. While he acknowledged the possible strengths of the blockchain network,

Business

HMRC loses child benefit appeal as Rishi Sunak is urged to axe charge ‘in his next budget’

express– Child benefit can be claimed by most parents but for those on high incomes, certain costs may arise. People may have to pay the HICBC if they have an individual income over £50,000 and either they or their partner gets child benfit or, someone else gets child benefit for a child living with them and […]

Business Europe

UK house prices surge at fastest rate for 17 years as stamp duty holiday winds down

independent– UK house prices surged over the past year at their fastest pace since 2004, according to an index. Nationwide found that sold prices jumped 13.4 per cent in the 12 months to June as experts predicted that a “cocktail of forces” would continue to support the booming market. Despite the economic upheaval of the pandemic, […]

Business

Lloyds Bank issues alert as ‘criminal gangs’ attack Britons through unsuspecting call

express– Lloyds Bank is determined to keep its customers, and other Britons, safe, and has warned of a dangerous scam which has recently been circulating. The bank has observed a rise in computer takeover scams, saying individuals will need to be on their guard this summer. A scam of this kind can usually occur when […]

Business

Amazon Prime day a ‘perfect opportunity’ for scammers – what to look out for as sales near

express– Amazon Prime Day falls on June 21 and 22 and in mere days, thousands of deals will be launched. Consumers will be able to get a bargain on a huge range of products from home appliances to computers but warnings have been issued on rising scam likelihoods. Tony Pepper, the CEO of Egress, commented on […]

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, […]

Business

Bitcoin crisis: Cryptocurrency plunges over bear market fears – Polygon up 10,000% in 2021

express– Bitcoin has fallen 38% in May, from $57,858 to its current price of $35,868. Other major coins including ethereum and cardano have also fallen steeply amid chaos sparked by a Chinese crackdown and Elon Musk. One coin has bucked the trend, however, rising by nearly 10,000% since January. Polygon, formerly known as Matic, was worth […]