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At the end of August the CEO of Australian airline Qantas said that the pandemic had cost “billions” in lost revenue. No shock there – but on the same day another airline did come out with a surprising announcement. America’s third-largest airline, Delta, said that it would impose a $200 (£145) monthly surcharge on employees …
As we look back on the months passed since the UK first went into lockdown one thing is abundantly clear – financially, the last couple of years have been good for some people. We’re not talking about the billionaires who have seen their shares rocket during lockdown but rather the many, many people who have …
You may use it for beer or bread, for razor blades, watching films or even for the simple act of reading books on Amazon. The subscription economy is something that has taken a hold on a large and growing portion of the population. It used to be said that Britain was a nation of shopkeepers. …
You will no doubt be aware that September was a month when shortages dominated the headlines. As we will see below, it was by no means a problem confined to the UK: sadly it does not look like a problem that will quickly disappear. We have, for example, written previously about the shortage of semiconductor …
In June China’s ride-hailing app Didi, the country’s equivalent of Uber, floated on the US stock exchange. The company ended its first day with a valuation of $68.5bn (£49.6bn). That is the biggest flotation by a Chinese company in the US since Alibaba, popularly dubbed “the Chinese Amazon” and founded by China’s most high-profile tech …
If you’re the sort of person who likes their glass half-empty then there will be plenty of opportunities to find something to worry about at the moment. The recovery from the pandemic, global tensions and all the staff shortages in the news can turn anyone into a pessimist. On top of that, some are suggesting …
When Chancellor of the Exchequer Rishi Sunak delivered his Budget speech in March much of the focus – inevitably – was on the economy’s recovery from the pandemic, and the cost of all the support measures. But Sunak also announced a host of new initiatives including freeports and a new campus for the Treasury. One …
The defining image of August 2021 had little to do with the stock market on the surface, it was, of course, the withdrawal of British and American troops from Afghanistan. As some readers will know, Afghanistan has significant mineral reserves, which some estimates put at $1tn (£730bn). These reserves include lithium, so it will be …
When Joe Biden was inaugurated as President back in January there was much talk of his proposed stimulus package for the US economy. The figure generally talked about was $1.9tn (£1.36tn), an eye-watering sum of money. To give you a comparison, the National Audit Office in the UK is currently saying that the Government has …
One of the great themes of the past 16 months has been accidental savings: the amount people in the UK have “saved” by the simple expedient of not being able to go out and spend. “Thrifty Brits stash the cash in lockdown” has been a typical headline, quickly followed by an estimate of how much …
