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Sunday newspaper round-up: Inflation, Taiwan, National Grid

(Sharecast News) - Former Bank of England chief economist, Andy Haldane, believes that it is "pretty much nailed on" that inflation will halve over the next six months as energy price increases slow down. But in remarks to Sky News, Haldane cautioned that hikes in Bank Rate had yet to impact borrowing costs for many borrowers, especially those on fixed-rate mortgages. "The effects of the tightening so far haven't been fully felt. That would give me cause for pause. I'd think, hang on, the economy is still on unsteady legs right now. Much of the tightening that has already happened hasn't hit people's bank accounts. Perhaps now is the time to press the pause button and see what happens." - Guardian

China's mid-April military manoeuvres around Taiwan were a timely reminder of the risk of a conflict that could destabilise a fragile geopolitical situation even more. They also came amid increasing concern that a war in the region would upend supply chains globally. British companies are being urged to react. "It is imperative that British companies begin a thorough review of their supply chain resilience strategies as they relate to China and Taiwan," said Alicia Kearns, chair of the foreign affairs committee. - The Sunday Telegraph

National Grid has abandoned plans to develop carbon capture and storage in the UK, a setback for the government's ambitions to reach net zero. The company no longer intends to develop new pipelines in the Humber region to transport carbon dioxide emissions to the North Sea. It was also in negotiations to divest its onshore pipeline project to partners, having already opted out of another phase of the project. Instead, National Grid said it wanted to focus on its electricity networks so that they can cope with the rise of wind farms, electric cars and heat pumps. - The Sunday Telegraph

GE-Hitachi will face off against Rolls-Royce in the race to build small modular reactors in the UK. The nuclear power specialist has entered the government-run competition to choose a design for SMRs. The government was scheduled to meet SMR suppliers during the following month and choose the winners by the autumn. GE-Hitachi boss, Jay Wileman, highlighted that the company was already building its first SMR in North America, which would allow it to obtain global economies of scale that could be leveraged. - The Sunday Times

HSBC boss Noel Quinn faces a revolt from shareholders due to the lender's alleged links to human rights abuses in Hong Kong. Investor adviser Pirc has told backers ahead of HSBC's 5 May annual meeting to vote against Quinn's re-election to the board. The lender has been criticised in the past for having frozen the bank accounts of activists in Hong Kong and blocking the pension payouts of Hong Kong citizens who fled to the UK. - The Financial Mail on Sunday

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Thursday newspaper round-up: UK vets, Sizewell B, Terry Smith
(Sharecast News) - UK vets may have to have a licence and cap prescriptions for pet medicine at £21 under plans being considered by the government. Ministers are also considering establishing a regulator for the veterinary sector, including inspections, a mandatory licensing system and published compliance reports to improve accountability and choice. Every vet practice could need an official operating licence - similar to GP surgeries and care homes - under proposals in a white paper. - Guardian
Wednesday newspaper round-up: Regional income divide, John Lewis, mortgages
(Sharecast News) - Britain's deep regional income divide has barely changed in 30 years despite the promises of successive governments to narrow the gap, according to a report showing the challenge for Andy Burnham. As the prime minister-in-waiting prepares for government, the Resolution Foundation said almost no progress had been made since 1997 to tackle stark divisions in household income, before housing costs are taken into account, between the richest and poorest parts of the country. - Guardian
Tuesday newspaper round-up: Gambling customers, student loan repayments, Russian bankruptcies
(Sharecast News) - The Scottish government is about to consider a sweeping moratorium on building new datacentres, putting a key plank of the UK's AI strategy at risk. Last Sunday the Scottish National party (SNP)'s national council passed a motion to freeze all new datacentres in Scotland. That motion has been sent to the Scottish government to consider. It could apply to all datacentre projects that have not yet received planning permission - although its exact implementation is up to the Scottish government to decide. - Guardian
Monday newspaper round-up: Affordable housing, mobile coverage, unemployment
(Sharecast News) - Half of all affordable housing supply in rural England could be under threat under plans being considered by ministers to relax regulations for private housing developers, according to analysis. The government has proposed ending affordable housing quotas - known as section 106 agreements - for new developments of between 10 and 49 houses in an effort to jumpstart sluggish housebuilding rates. Ministers are due to make a final decision within weeks on whether developers should be allowed to make cash payments to local authorities instead. - Guardian

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.