As labor shortages and supply chain problems bite, consumers have a growing sense they’re getting less for their money“Flight cancelled”; “service temporarily suspended”; “not currently available”; “longer than normal wait times”: these are the message…
SFnal Coordination Mechanism Design, Path Dependence and Roads Not Taken
Glass: the most underrated medieval technology? (threadreader) – “Venice sought desperately to keep its monopoly. If a glassmaker left without permission, he would be asked to return. If he refused, his family would be imprisoned, and if he still persi…
Petrol retailers warn of record prices at UK pumps within days; inflation dips – business live
Rolling coverage of the latest economic and financial newsLatest: Petrol prices on brink of record, says PRAPensions set to rise 3.1% next year after inflation dataFacebook fined £50m by CMAIntroduction: UK inflation dipped to 3.1% in September, but st…
Average UK house price rises by £25,000 in a year
Cost of a home climbed in every region in 12 months to August, with prices in London rising to £526,000The average cost of a UK home increased by £25,000 in the 12 months to August, official figures show, with rises recorded in all regions.The annual r…
Why September’s dip in UK inflation may be a false dawn
Analysis: Covid support schemes have distorted official data and experts fear inflation will resume its ascentUK inflation falls despite supply crisis and rising petrol pricesCoronavirus – latest updatesJust when everyone was preparing for a stratosphe…
UK’s supply chain crisis hits business growth and consumer confidence – business live
Rolling coverage of the latest economic and financial newsBDO: Output growth across UK businesses lowest since lockdownPwC: Consumer confidence hit by inflation, energy crisis and HGV driver shortagesEnergy crisis: Treasury reprimands Kwarteng after he…
Should we work less?
A shorter working week could benefit society, the environment – even the economy. Is it time to reassess our relationship with our jobs? For the last year and a half, most people have fallen into one of three categories: the unemployed, whose jobs disa…
Donald Trump’s own treasury secretary blocked Ivanka World Bank role – report
Steven Mnuchin said to have stopped move likely to have upset world leaders, which ‘came incredibly close to happening’Only direct intervention from his own treasury secretary stopped Donald Trump nominating his daughter, Ivanka Trump, to lead the Worl…
Rishi Sunak to save billions by counting IMF cash as aid for poor
Exclusive: chancellor criticised by former Tory international development secretaries for planned use of $27.4bn windfallRishi Sunak is to save billions of pounds by counting as aid financial assistance to poor countries being provided as a result of a…
Bank official warns of early interest rate rise as Kraft Heinz puts up prices
Baked beans maker is latest firm to talk of food price rises, as inflationary pressures mountA Bank of England policymaker has warned households to get ready for “significantly earlier” interest rate rises as inflation pressures mount, and Kraft Heinz …