Tag Archives: Inflation

Credit card rates have hit a record high amid soaring inflation which has driven shoppers to borrow to cover living costs. The average annual percentage rate – or “APR” – charge on credit cards has reached 26.6pc this month, the highest since records began in 2006, according to Moneyfacts, a …

Royal Bank of Canada RY-T is raising base pay by 3 per cent for its lower-paid employees as part of a $200-million spending package that aims to fend off fierce competition for talent by improving salaries and benefits. The unusual increase takes effect on July 1, and applies to all …

Cost of a first class stamp increases by 10p to 95p TODAY and a second class stamp is up by 2p to 68p as Royal Mail seeks to cover higher delivery costs despite its annual profits quadrupling to £762m Price of first class stamp has risen to 95p and a …

The benchmark FTSE 100 index declined 0.5% in morning trade, diverging from its Asian peers, while the domestically focussed mid-cap index fell 0.7%. Bank of England (BoE) Governor Andrew Bailey said on Wednesday that the economic impact from COVID-19 still remains strong, while noting the inflationary pressure from supply chain …

Boss Simon Thompson insists the pandemic has triggered “a structural shift”, turbocharging demand for parcels and accelerating the long-term decline in letters. Despite a mini-revival in recent months, letter deliveries are a fifth lower than before coronavirus erupted. Yet this is Royal Mail. For a company that has been bringing …

By consensus inflation will come in at above 3%, but how much higher? The Bank expects it will rise above 5% in the next few months; some investors think the Bank is behind the curve and that its decision to hold rates last week was a mistake. Mining shares, seen …

A woman fills her vehicle with fuel, in Toronto, on Oct. 19. Evan Buhler/The Canadian Press Canadian inflation surged in September at the fastest pace since 2003 due to higher gas and housing costs, adding fuel to a boisterous debate over how long prices will rise rapidly. The consumer price …

The Royal Mail Collective Pension Plan, which is the first known example of these new type of pension funds coming to fruition following the provisions passed in the Pension Schemes Act 2021, will consist of the a CDC section and a cash lump sum section. A Department for Work and Pensions …

Andy Haldane caused quite a stir this month when he suggested the economy was like a coiled spring waiting to go off. As the Bank of England’s chief economist has discovered, it’s harder to be a Tigger than an Eeyore. Predictions of impending disaster tend to be forgotten even when …

“Post-Brexit border disruption”, and rising demand as Covid-19 restrictions are eased, will both push up prices, he explains, along with a looming energy … Source link