Thursday 18th March 2021
The Bank of England meets today and will change very little. Certainly don’t expect a rate hike anytime soon. In the US the Federal Reserve indicated that rates wouldn’t rise until late 2023 at the earliest. Kallum Pickering from Berengers Bank says it might happen a little sooner than that, but its not necessarily a bad thing. But what would it mean for your mortgage?
Also today, how Dominic Cummings negotiated his way into No. 10. Is the upping of our nuclear capability a result of his early demands on the Prime Minister?
Plus, yesterday Uber adopting the requirements to pay the minimum wage to drivers, who will now be treated as workers, rather than independent suppliers. But, are they really meeting the minimum wage requirement? And is the original business model now defunct in this country?