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.... But weak productivity and real wage growth persist. “The depreciation of the sterling has modestly improved export prospects but also pushed up inflation, dampening purchasing power and private consumption. ... [Read full article on Guardian ]
Wednesday 20th of September 2017 09:00:02 AM
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....7m in 2016. Behind the boom is a new finance leasing product – a personal contract plan – that means the driver never owns the car, but only pays a small deposit and interest payments to cover the depreciation of the car over three to five years. ... [Read full article on Guardian ]
Tuesday 19th of September 2017 12:50:45 PM
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Latest Finance News related to Depreciation

UK growth will trail Italy, France and Germany next year, says OECD image
Source : Guardian [Read Article] Wednesday 20th of September 2017 09:00:02 AM
.... But weak productivity and real wage growth persist. “The depreciation of the sterling has modestly improved export prospects but also pushed up inflation, dampening purchasing power and private consumption. ...
How to look after your car and reduce depreciation cost image
Source : Daily Express [Read Article] Wednesday 20th of September 2017 08:31:00 AM
....A new car loses up to 20 per cent of its value upon leaving the showroom and what happens after depends on factors such as the make, model and even colour. Despite this, one in three motorists does not consider the impact of depreciation on resale value when choosing a new car, according to specialist car insurer InsureTheGap. ...
What you need to know about car loans image
Source : Guardian [Read Article] Tuesday 19th of September 2017 12:50:45 PM
....7m in 2016. Behind the boom is a new finance leasing product – a personal contract plan – that means the driver never owns the car, but only pays a small deposit and interest payments to cover the depreciation of the car over three to five years. ...
UK interest rates stay at 0.25% but Bank of England hints rise is looming image
Source : Guardian [Read Article] Thursday 14th of September 2017 01:24:03 PM
.... This could feed through to damage the economy if households, businesses and the financial markets react badly to the faltering progress. The Bank’s MPC said: “The circumstances since the referendum on EU membership, and the accompanying depreciation of sterling, have been exceptional. ...
UK economy 'treading water' as eurozone stretches ahead, says BCC image
Source : Guardian [Read Article] Friday 8th of September 2017 05:01:30 AM
....“Our forecast suggests that the hoped-for rebalancing of the UK economy towards investment and export is unlikely to materialise in the medium term. The rising upfront cost of doing business in the UK, the uncertainty around Brexit, and the constraints created by skills gaps and shoddy infrastructure collectively outweigh any benefit arising from the recent depreciation of sterling,” he said. ...
UK service sector growth slows as car sales fall dramatically image
Source : Guardian [Read Article] Tuesday 5th of September 2017 02:36:00 PM
....”. The fall in car sales and weaker services sector growth is “more evidence that the hit to real incomes from sterling’s depreciation and heightened uncertainty about the economic outlook — both attributable to Brexit — are holding the economy back”, said Samual Tombs, chief UK economist at Pantheon Macroeconomics. ...
The EU is not the enemy of the state. Time to think again on Brexit image
Source : Guardian [Read Article] Sunday 27th of August 2017 06:00:02 AM
....This is bad enough, but the economy has slowed down as well: as the economist Simon Wren-Lewis points out, the slowdown was at first aggravated in 2015 and 2016 by the continuing austerity policy, but more recently has been hit by the impact on real incomes of the Brexit-induced devaluation of the pound. Now, in theory one of the few benefits of that depreciation should have been a rebalancing towards exports, and some surveys suggest that export orders are rising. ...
Weak pound is hitting spending rather than boosting UK trade | Larry Elliott image
....A breakdown of the UK’s latest growth figures shows that the impact of a lower pound on consumption is coming through much more quickly than its impact on trade. A year after the sharp depreciation of the pound in the wake of the Brexit vote, household spending growth has virtually stalled. ...
Ford launches scrappage scheme offering at least £2,000 for any brand image
Source : Guardian [Read Article] Monday 21st of August 2017 11:01:05 PM
.... Car companies are going to have to take action. “UK sales have been down in the last few months, partly as the market was overtrading before, with a lot of financial innovation around [car loans] – and now of course there is an effect from Brexit, both from currency depreciation and an impact on real incomes. ...
Weak pound could boost manufacturing, if manufacturing itself wasn’t so weak image
.... The vote to leave the EU resulted in a sharp fall in the value of sterling, which pushed up the cost of imports and reduced consumers’ spending power. The impact of the pound’s depreciation was clearly evident in the batch of official statistics released last week – most notably in the rise in the annual inflation rate since the referendum and the sluggishness of retail spending. ...
REVEALED: The five things people miss most when living abroad image
Source : Daily Express [Read Article] Thursday 17th of August 2017 09:01:00 AM
....Its absence is also one of the main things people notice when they move abroad, with some 42% of 1000 British expats asserting that they noticed a significant difference overseas. Very few nations have the same approach to irony, satire, sarcasm and self-depreciation as the UK – but it’s probably something you might not appreciate until it’s gone. ...
The UK debt tide is rising – how can you avoid drowning? image
Source : Guardian [Read Article] Monday 14th of August 2017 06:00:35 AM
....“The car industry has found a way to keep people changing their cars after three or four years, getting another new car each time. All the depreciation happens at the start – you are missing all of the cheap years driving by getting these short-term PCP contracts. ...
The experts strike back! How economists are being proved right on Brexit | Barry Eichengreen image
....To explain this, observers pointed to the nimble response of the Bank of England, which cut interest rates to prevent any softening of demand. They pointed to the big post-referendum depreciation of the pound, which promised to make British exports more competitive and offset any problems with the transition to a new trade regime. ...
UK defence contractor billed US more than $50m in expenses image
Source : Guardian [Read Article] Wednesday 9th of August 2017 09:56:22 PM
.... He said it “is most unfair and is significantly inaccurate” that the executive assistants were paid inappropriate salaries. Grunberg said the audit “questioned solely the use and depreciation treatment of vehicles” and that NCC “accounted for no more than three vehicles across the entire business at any one time”. ...
We let the 2007 financial crisis go to waste | Torsten Bell image
Source : Guardian [Read Article] Wednesday 9th of August 2017 05:00:01 AM
....In contrast, not a single Whitehall meeting I recall remotely anticipated the colossal pay squeeze that would see real earnings fall by over 10%. We should have spotted earlier the changed dynamic of a flexible labour market, very low interest rates and a big depreciation of the exchange rate, which fed quickly through into the higher inflation and lower living standards still evident today. ...
UK consumers cut spending on clothes, cars and foreign travel image
Source : Guardian [Read Article] Sunday 6th of August 2017 11:01:05 PM
....Last month the chancellor, Philip Hammond, admitted that the country’s slowing economic growth was down to the squeeze on the cost of living caused by more expensive imports. “Consumers are being affected by the inflation that was created by the depreciation of the currency in the autumn of last year,” he told one interviewer. ...
AA shares plunge after boss is fired for 'gross misconduct' image
Source : Guardian [Read Article] Tuesday 1st of August 2017 03:26:24 PM
....Analysts at Liberum noted their surprise at Mackenzie’s departure, adding that they “do not believe that it is fraud-related”. They revised down their expectations for full-year earnings before interest, tax, depreciation and amortisation by 3% to £403m, but said the company had made progress in some areas. ...
Donald Trump's tax cuts for the rich won't make America great again | Joseph Stiglitz image
.... The marginal return and marginal cost are reduced proportionately, leaving investment largely unchanged. In fact, a closer look, taking into account accelerated depreciation and the effects on risk sharing, shows that lowering the tax rate likely reduces investment. ...
Lloyds takes fresh £1bn hit from PPI compensation claims image
Source : Guardian [Read Article] Thursday 27th of July 2017 08:29:53 AM
....But the Lloyds chief executive said he was confident about the UK economy, which he insisted “remains resilient”. “Inflation is however now rising above disposable income given the recent depreciation in sterling and, while this may affect consumption going forward, the economy should benefit from rising exports and earnings from foreign assets,” he said. ...
Hammond admits UK consumers hurt by pound's fall as GDP grows by 0.3% image
Source : Guardian [Read Article] Wednesday 26th of July 2017 09:19:12 AM
....The chancellor, who says businesses and households are being affected by the lack of clarity about Brexit, put the sharp easing of growth in the past six months down to the squeeze on the cost of living caused by dearer imports. “Consumers are being affected by the inflation that was created by the depreciation of the currency in the autumn of last year. ...
Guardian Media Group cuts losses by more than a third image
Source : Guardian [Read Article] Tuesday 25th of July 2017 08:00:00 AM
....2m year on year. Losses from running the business, excluding exceptional items such as severance pay and depreciation, were £44. ...
Brexit economy: sterling fall hits public finances and fails to boost trade image
....Despite a weather-induced pickup in retail activity in June, consumer spending has been dampened by the failure of wages to keep pace with prices – a feature of the economy since the turn of the year. There have been some signs over the past month that the effects of the post-Brexit referendum depreciation of the pound may soon start to fade. ...
Yes, the gender pay gap rules are flawed. But they’re the best hope of making things better image
.... The late 1980s boom and the first Gulf war saw inflation hit 11% in 1990, while the long boom that followed Black Wednesday never saw inflation rise above 5%. Even if there is a bit more to come from the depreciation of sterling since the EU referendum, the next peak will not be much higher than 3%. ...
Drax looking at 'coal-free future' as it reveals £83m pre-tax loss image
Source : Guardian [Read Article] Wednesday 19th of July 2017 09:33:16 AM
....Drax Group, which runs a coal and biomass plant in North Yorkshire, boosted its earnings to £121m from £70m last year, due to its acquisition of the business energy supplier Opus Energy. However, the power group made a pre-tax loss compared with the £184m profit in the first half of 2016, because of depreciation of its coal assets after the government set a target of phasing out use of the fossil fuel for power generation by 2025 and a £65m loss from currency hedging. ...
Surprise drop in UK inflation is good news for consumers | Larry Elliott image
....Rising inflation has been one of the big economic stories of the past year. The depreciation of sterling after the EU referendum has made the things Britain imports, such as clothes and food, dearer and the cost of living has risen steadily as a result. ...
UK inflation figures will shine light on impact of pound's Brexit slide image
. Fresh evidence of the impact of the post-Brexit depreciation in the value of the pound will be revealed on Tuesday with the release of the latest set of official inflation figures. ...
Lenders told to be vigilant over loans image
Source : BBC [Read Article] Tuesday 4th of July 2017 10:52:05 AM
.... Instead of buying a car outright, a PCP allows a consumer to rent the car over a three-year period. Regular payments cover the depreciation in the car's value. ...
F1 tech for babies image
Source : BBC [Read Article] Monday 3rd of July 2017 11:04:53 PM
....It contributed £37m to the group's revenues last year, out of a total of £167m. And profit - before interest, tax, depreciation and amortisation - was £4. ...
UK financial watchdog investigates car loans market image
Source : Guardian [Read Article] Thursday 29th of June 2017 01:33:08 PM
....Most of the growth has been fuelled by personal contract plans, which can start at less than £100 a month and with only a £100 deposit. Carbuyers never actually purchase the car, but make payments to cover the depreciation on a vehicle between driving it out of the showroom and handing it back, usually three years later. ...
UK in credit splurge despite pay squeeze, Bank figures show image
Source : Guardian [Read Article] Thursday 29th of June 2017 11:37:19 AM
....Most of the growth has been fuelled by personal contract plans, which can start at less than £100 a month and with only a £100 deposit. Buyers never actually purchase the car, but make payments to cover the depreciation on a vehicle between driving it out of the showroom and handing it back, usually three years later. ...
Bank of England says interest rates should be kept on hold amid Brexit uncertainty image
.... This is not an imbalance that is, as yet, funding its eventual resolution. “Moreover, despite the large depreciation around the referendum, the extent to which the UK’s deficit has moved closer to sustainability remains an open question, one whose answer depends crucially on the outcome of the Brexit negotiations. ...
DFS warns over profits in latest sign of UK spending squeeze image
Source : Guardian [Read Article] Thursday 15th of June 2017 09:32:26 AM
....“We believe the rest of 2017 will be quite tough for the UK retail sector,” said Nicla Di Palma, analyst at Brewin Dolphin. “Consumers’ disposable incomes are declining as wage growth is not keeping pace with inflation, and the price of both food as well as non-food items is bound to increase due to sterling depreciation. ...
UK pay squeeze breaks all sorts of records for all the wrong reasons | Larry Elliott image
.... Inflation was artificially low as a result of a temporary collapse in oil prices. The cost of crude has subsequently recovered a bit, but the depreciation of the pound since the Brexit referendum has also had the effect of pushing up the cost of living. ...
Britons feel the squeeze as inflation rises to four-year high of 2.9% image
Source : Guardian [Read Article] Tuesday 13th of June 2017 08:37:27 AM
....Oliver Kolodseike, a senior economist at the Centre for Economics and Business Research consultancy, said: “Under normal circumstances, the Bank of England would have a sufficient set of arguments to justify an interest rate rise. “That said, the recent rise in inflation was partly driven by external factors such as the oil price and the depreciation of the pound . ...
Are cheap car loans the vehicle taking us to the next financial crash? image
Source : Guardian [Read Article] Saturday 10th of June 2017 03:00:29 PM
....PCPs have rocketed in popularity because they put in place a new way of calculating the loan. Instead of spreading the loan and interest charge over the whole cost of the car, only the cost of depreciation is taken into account. ...
Air pollution fears see demand for diesel cars fall by fifth image
Source : Guardian [Read Article] Monday 5th of June 2017 04:36:46 PM
....He said: “Until there is clarity over where future tax incentives will lie, and what city centre charges will or won’t be imposed, diesel sales will remain under pressure. Greg Archer, the clean vehicles director at campaign group Transport & Environment, said buyers also had one eye on the depreciation in value that diesel cars could suffer. ...
Reborn British Steel gives shares to workers after return to profit image
Source : Guardian [Read Article] Thursday 1st of June 2017 12:30:06 PM
....6m tonnes in the previous year. The profit of £47m was measured by earnings before interest, tax, depreciation and amortisation. ...
Couriers on Britain's shopping addiction: 'Customers don't care as long as it's cheap' image
....It is evidence that stands in stark contrast to that of the Hermes UK chief executive Carole Woodhead, who told parliament: “Hermes couriers’ average gross earnings stand at £11. 40 per hour, and are calculated (using an extremely conservative set of assumptions about deductions for fuel, vehicle insurance, depreciation and other expenses) to be £9. ...
Church of England made stunning 17% return on investments in 2016 image
Source : Guardian [Read Article] Sunday 21st of May 2017 01:08:44 PM
....First church estates commissioner Sir Andreas Whittam Smith said: “Contributing to this stellar out-turn was a strong showing by global equities (+32. 9%), partly reflecting the depreciation of sterling. ...
Sterling's fall buoys UK manufacturers as export orders rise image
Source : Guardian [Read Article] Friday 19th of May 2017 01:17:38 PM
....Manufacturers have reported factories working at full capacity in recent months to meet demand from overseas customers benefiting from the low pound. The EEF, which represents manufacturing firms, said last week that orders were improving as UK exporters enjoyed an improved competitive position “vis-a-vis the pound depreciation” and global growth picked up strongly from a dip last year. ...
What does increased consumer spending really mean for the UK? image
Source : Daily Express [Read Article] Thursday 18th of May 2017 03:47:00 PM
....7 per cent on the year in April. The surge in price pressures is largely to do with the depreciation in pound exchange rates recorded in the months following the UK’s decision to Brexit from the European Union. ...
UK inflation: How could latest figures impact an international property purchase? image
....But how could the uptick in CPI impact anyone planning to make an international property purchase?. UK inflation has been climbing steadily over the last year, with the post-EU referendum depreciation in the pound causing consumer price pressures to exceed the Bank of England’s (BoE) 2 per cent target for the first time in years. ...
UK inflation rate at highest level since September 2013 image
Source : BBC [Read Article] Tuesday 16th of May 2017 08:32:29 AM
....Chris Williamson, chief business economist at analysts IHS Markit, said: "The timing of Easter looks to have played an important role in pushing inflation higher in year-on-year terms. "But sterling's depreciation since the referendum last June is also clearly a significant factor, lifting prices for imports and likely to pile further upward pressure on consumer prices in coming months. ...
Living abroad? What does the Bank of England rate decision mean for you? image
Source : Daily Express [Read Article] Thursday 11th of May 2017 03:49:00 PM
....However, in the almost 12 months since the EU referendum the domestic economy has shown remarkable resilience and defied all the gloomiest forecasts. The post-referendum depreciation in the pound has also led to a massive spike in inflation. ...
Bank of England warns of consumer spending squeeze image
Source : BBC [Read Article] Thursday 11th of May 2017 11:26:30 AM
....7% growth rate in the final three months of 2016. "The slowdown appears to be concentrated in consumer-facing sectors, partly reflecting the impact of sterling's past depreciation on household income and spending," the Bank said in its report. ...
UK industrial output falls in March image
Source : BBC [Read Article] Thursday 11th of May 2017 09:23:23 AM
....The ONS said rising oil imports, as well as imports of machinery and cars, had contributed to the unexpectedly high figure. "March's simply dreadful trade figures demonstrate that Britain is failing to capitalise on sterling's depreciation," said Samuel Tombs, chief UK economist at Pantheon Macroeconomics. ...
Pret a Manger's owner considers a New York flotation image
Source : BBC [Read Article] Wednesday 10th of May 2017 02:29:27 PM
....By the end of last year it had 444 stores and announced a 15% rise in revenues to £776. 2m and earnings before interest, tax, depreciation and amortisation up 11% to £93. ...
Falling real pay shows the British economy is still struggling | Larry Elliott image
....The UK’s real wage performance in 2015 and 2016 was a lot better, not because the level of pay awards accelerated, but because inflation fell sharply as a result of the drop in global oil prices. But since last summer, a rebound in the cost of crude and the post-Brexit vote depreciation of sterling have led to rising inflation. ...
Is NOW the right time to sell your foreign property? image
Source : Daily Express [Read Article] Wednesday 3rd of May 2017 12:00:00 AM
. The depreciation in the pound means that anyone looking to sell foreign property and repatriate the funds to the UK would get more for their money now than they would have at this time last year. ...
Duke of Westminster's £12bn property firm hit by London slump image
Source : Guardian [Read Article] Tuesday 25th of April 2017 05:00:42 PM
....“With just under half of our assets outside the UK, our longstanding strategy of international diversification has yet again helped to deliver solid returns of 8%,” Preston said. He added that without the depreciation of sterling total returns would have been 3. ...
IMF says pace of global economic growth is picking up image
Source : BBC [Read Article] Tuesday 18th of April 2017 01:01:41 PM
.... . But the IMF still expects negative effects from leaving the EU including "reduced consumer purchasing power following the pound's depreciation and its gradual pass-through to prices and the impact of uncertainty on private investment". ...
Weetabix sold to US firm after breakfast cereal fails to catch on in China image
....Post has annual revenues of $5bn(£4bn) expects to make annual savings of about £20m a year before the third full year after completion of the deal, from shared administration and infrastructure among other things. It estimates that Weetabix will contribute about £120m of adjusted earnings before interest, tax, depreciation and amortisation, excluding cost savings. ...
Under-fire Barclays chief is probably guilty of behaving like a chump image
Source : Guardian [Read Article] Monday 10th of April 2017 11:01:12 PM
.... Three other factors also appear to be playing a part. Firstly, consumers brought forward spending into late 2016 because they anticipated that prices would go up this year as a result of the rising inflation caused by the depreciation of sterling. ...
UK retail sales shrug off Brexit fears with February rise image
Source : Guardian [Read Article] Thursday 23rd of March 2017 10:37:42 AM
....Broadbent added that the flipside of weaker retail spending was that UK goods sold overseas had become cheaper. “While it’s hit the income of households, however, the depreciation has come as a boon for many exporters. ...
Rising prices set to push inflation over 2% Bank of England target image
Source : Guardian [Read Article] Saturday 18th of March 2017 03:59:43 PM
.... The pressure on import costs has sparked some high-profile price tussles between suppliers and retailers, such as the row over Marmite last year. Earlier this year, Apple said it was raising prices in its UK app store by almost 25% to reflect sterling’s sharp depreciation. ...
UK economy will grow more strongly than expected, says BCC image
Source : Guardian [Read Article] Tuesday 14th of March 2017 07:01:15 AM
....The upside to the weak pound for the economy would be some support for exports, he added. Sterling’s sharp depreciation since the referendum has helped make UK goods cheaper in overseas markets and there has been some evidence that exports have picked up as a result. ...
Iceland to end capital controls from 2008 financial crisis image
Source : BBC [Read Article] Sunday 12th of March 2017 03:14:37 PM
....". Capital controls were implemented in 2008, with the support of the International Monetary Fund (IMF), to shield the economy from severe depreciation. ...
Philip Hammond's budget is a long way from tackling future challenges | Larry Elliot image
.... Real incomes were always going to be squeezed this year by welfare cuts, pay restraint in the public sector and the rising inflation caused by the bounce back in oil prices. The depreciation of the pound that followed the referendum has made the squeeze on living standards more acute. ...
UK economy cooling after post-Brexit vote growth, surveys show image
Source : Guardian [Read Article] Friday 3rd of March 2017 11:12:26 AM
....“Business confidence nonetheless remained strong, with service providers indicating that optimism was little changed from the post-referendum high recorded at the start of this year,” it said. Simon Wells, chief European economist at HSBC, said: “Against a backdrop of wage growth rising only slowly, the sharp rise in inflation resulting from the oil price rise and sterling depreciation over the past year or so is weighing on consumer finances and spending power. ...
Middle-aged dog walkers to lead Mountain Warehouse across US image
Source : Guardian [Read Article] Monday 27th of February 2017 09:35:52 AM
....The retailer’s expansion has not been derailed by the Brexit vote, with the buoyant sales picture encouraging it to press on with 20 UK store openings this year. Last autumn Neale feared its clothing prices would have to rise following the devaluation of sterling against the dollar but says the depreciation of China’s renminbi against the greenback – as well as better deals struck with suppliers keen to get their hands on its high volume orders – means they are no longer necessary. ...
Barclays full-year profits almost treble to £3.2bn image
Source : BBC [Read Article] Thursday 23rd of February 2017 12:02:21 PM
....Simon Jack: Barclays boss has reasons to be cheerful. Investec analyst Ian Gordon said that Barclays had benefitted from the sharp depreciation of the pound against the dollar following the Brexit vote, and that its investment bank revenues had also helped its performance. ...
Missing wage rises give lie to picture of full employment | Larry Elliott image
Source : Guardian [Read Article] Wednesday 15th of February 2017 11:49:11 AM
....Whatever the explanation, the evidence suggests that there is still spare capacity in the labour market. There is no immediate prospect of the depreciation of sterling triggering the price-wage spiral feared by the Bank of England, which is why interest rates will remain at their current rock-bottom levels. ...
Twitter: not even Donald Trump can help it make a profit | Charles Arthur image
Source : Guardian [Read Article] Thursday 9th of February 2017 02:19:50 PM
....But Twitter doesn’t seem to have a knack for making money from what it does, even though millions wait breathlessly to see what will pop up on it next. Its earnings before interest, tax, depreciation and amortisation figures show a profit – $215m, up from $191m a year before – but that excludes stock compensation, restructuring and various other expenses. ...
UK industry is on a roll – but inflation could send it on the slide | Larry Elliott image
.... The past six months have brought an end to the disinflationary period that began with the sharp fall in oil and other commodity prices in 2014. Firms have been hit by a double whammy: rising oil prices and a depreciation of the pound. ...
UK manufacturing's strong January is dented by spike in import costs image
Source : Guardian [Read Article] Wednesday 1st of February 2017 01:49:03 PM
....5 in December. This emphatically shows that the benefits to manufacturers from sterling’s depreciation remain far too modest to outweigh the costs for the rest of the economy in terms of high inflation. ...
UK growth forecast upgraded amid warning over inflation image
Source : Guardian [Read Article] Wednesday 1st of February 2017 06:30:09 AM
....NIESR said it remained convinced that the economy would slow this year as higher inflation reduced consumer spending power. “We expect the composition of growth to rebalance towards net trade, as the headwinds facing households from the erosion of their real incomes weigh on consumer spending while the depreciation of sterling supports net trade,” said Simon Kirby, NIESR’s head of macroeconomic forecasting. ...
Pokémon Go and no sign of stopping: Apple’s App Store sales boom image
Source : Guardian [Read Article] Saturday 28th of January 2017 03:59:04 PM
....”. Earlier this month, Apple flexed its muscles by raising prices on the UK App Store almost 25% to counter the depreciation of the pound after the Brexit vote. ...
UK GDP growth shows consumers spending despite Brexit worries | Larry Elliott image
.... It has been the service sector that has been keeping the economy going over the past six months, with retailing and hospitality especially strong. Hammond said at Microsoft that while he expected the fall in the value of the pound to slow consumer spending through its impact on imports, he had been pleasantly surprised by how slow the effects from the depreciation of the pound had been. ...
Beer prices rise amid sobering threat of Brexit-related inflation image
Source : Guardian [Read Article] Tuesday 24th of January 2017 06:22:37 PM
....“Beer in the UK is made predominantly using domestic raw materials,” said BBPA head Brigid Simmonds. “However, the depreciation of sterling certainly means there will be some inflationary pressures through increased costs such as raw materials, packaging, energy and transport costs as well as employment and other cost pressures all businesses face. ...
Formula One pulled a fast one on the US taxman – and it's all perfectly legal image
.... And under its shiny hood beats a powerful business engine. According to its latest financial statements, Delta Topco generated earnings before interest, tax, depreciation and amortization (Ebitda) of $463. ...
Philip Hammond blames Tony Blair for Brexit vote image
Source : Guardian [Read Article] Friday 20th of January 2017 12:20:18 PM
....“A floating exchange rate is a smooth and efficient transmission mechanism that deals very effectively with an external shock,” the chancellor said. “But currency depreciation is now feeding into inflation which will increasingly affect consumer behaviour this year, hence the lower forecast for growth in 2017. ...
Apple increases App Store prices by 25% following Brexit vote image
Source : Guardian [Read Article] Tuesday 17th of January 2017 10:31:05 AM
. Apple is raising prices on its UK App Store by almost 25% to reflect the sharp depreciation of the pound following June’s vote to leave the European Union. ...
UK inflation hits two-year high of 1.6% image
Source : Guardian [Read Article] Tuesday 17th of January 2017 10:13:33 AM
....The pound is down 17% against the dollar since the referendum, and the pressure on import costs has already sparked some high profile price tussles between suppliers and retailers, such as the row over Marmite last year. Apple said on Tuesday that it was raising prices on its UK app store by almost 25% to reflect sterling’s sharp depreciation. ...
Bank of England ‘keeping close eye on consumer spending’, says Carney image
.... Not acting then would have cost an extra quarter of a million jobs, Carney said. “Fully offsetting the persistent effects of sterling’s depreciation on inflation would have required exerting further downward pressure on domestic costs. ...

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