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Finance

UK motor insurers headed for underwriting losses as inflation bites

UK motor insurers are expected to swing to an underwriting loss this year and next according to a fresh forecast, as surging inflation reverses the fortunes of a sector that had been one of the winners of the pandemic. Quieter roads continued to boost car insurers last year, with the sector posting a net combined […]

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Finance

Low UK income growth leaves families ‘brutally exposed’ to surging inflation

Anaemic personal income growth in the UK since 2005 has left many households “brutally exposed” to rising inflation and the cost of living crisis, according to a leading think-tank. The Resolution Foundation concluded in a report published on Monday that real household disposable income growth for working-age families averaged just 0.7 per cent a year […]

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Finance

Central banks should keep their cool on inflation

During the pandemic, the central banks of the US and of the eurozone reformed their monetary policy strategy in a major break with earlier practice. After a decade of below-target inflation, and employment taking achingly long to return to earlier peaks, interest-rate setters promised to be relaxed about inflation running temporarily above target so long […]

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Business

Some experts say a recession is coming. Here’s how to prepare your portfolio

Phonlamaiphoto | Istock | Getty Images Months of stock market volatility, surging inflation and rising interest rates have left many investors wondering if a recession is coming.  The stock market tumbled again on Thursday, with the S&P 500 capping its worst six-month start to a year since 1970. In all, it’s down more than 20% […]

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Business

How inflation will affect Apple

An employee arranges Apple iPhones as customer shop at an Apple store. Mike Segar | Reuters The last time Apple faced an inflationary environment like this, it had been a public company for less than a year and its best-selling product was the Apple II home computer. In May, the annual inflation rate in the […]

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Finance

When it comes to inflation, it’s not déjà vu all over again

The writer is global chief economist at Morgan Stanley Easy monetary policy, expansionary fiscal policy, rising inflation and then a surge in oil prices — it is very difficult to resist the temptation to draw parallels with the 1970s. I suggest, however, that the current circumstances are not a repeat of that decade, doomed to […]

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Finance

‘The worst is yet to come’ Britons forced to skip meals as ‘runaway inflation’ bites

Inflation was recorded at 9.1 percent by figures published by the Office for National Statistics (ONS) last week. Prices continue to creep up, putting a strain on the pockets of millions right across the country. However, it is not the end of potential financial woes, as inflation does not appear to be reducing any time […]

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World

UK and EU inflation compared: As economic crisis unfolds, who is doing better?

The Eurozone is in crisis as inflation reached a record high across the board and some of the highest levels ever recorded in major European Union states. Across the bloc’s users of the Euro, consumer prices jumped 8.6 percent in June from a year earlier, up from 8.1 percent in May according to a flash […]

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Finance

‘It’s a problem!’ Britons’ early retirement mass exodus puts strain on inflation

Many older workers are now becoming what is known as “economically inactive”, where they are neither in work or looking for work. However, according to Clare Lombardelli, Chief Economic Advisor at the Treasury, this could have major economic implications.  Speaking at King’s College London, Ms Lombardelli addressed the phenomenon known as “The Great Resignation”. She […]

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Business

Atlanta Fed GDP tracker shows the U.S. economy is likely in a recession

Federal Reserve Chair Jerome Powell reacts as he testifies before a Senate Banking, Housing, and Urban Affairs Committee hearing on the “Semiannual Monetary Policy Report to the Congress”, on Capitol Hill in Washington, D.C., U.S., June 22, 2022.  Elizabeth Frantz | Reuters A Federal Reserve tracker of economic growth is pointing to an increased chance […]