Johnson set to table new plan for UK economy. FTSE stocks to explore

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Johnson set to table new plan for UK economy. FTSE stocks to explore

 Johnson set to table new plan for UK economy. FTSE stocks to explore
Image source: Funtap, Shutterstock.com

Highlights

  • Around 41% of PM Boris Johnson’s own lawmakers didn’t vote in his favour on Monday's vote of confidence.
  • The PM is all set to propose a new plan for the rejuvenation of the UK economy.
  • The Government is striving to make it easier for homebuyers, especially the young ones, to purchase houses amid the cost-of-living crunch. 

The UK Government has been facing a lot of criticism as the economic outlook is worsening. Around 41% of PM Boris Johnson’s own lawmakers didn’t vote in favour of him on Monday's vote of confidence. In a bid to revive the situation, the PM is all set to propose a new plan for the UK economy on Thursday. The Government is striving to make it easier for homebuyers, especially the young ones, to purchase houses amid the cost-of-living crunch.

 stocks to buy amid rising inflation

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A new plan necessarily needs to be implemented as fears of a recession are looming over the UK economy. According to the recent forecasts of BCC and OECD, the UK economy is headed for stagnation. Therefore, certain reforms would be put in place by the Government to support the household struggling with rising housing, food, fuel, and childcare bills.  

UK inflation levels are expected to cross 10% soon, as per BoE estimates. Amid the rising cost pressures, the Boris Johnson Government is taking steps to support the businesses and households to bring the economy back to normalcy. While consumer confidence is falling is growth is slowing down, UK investors are looking for ways to maximise their gains.

Blue-chip inflation-proof stocks offering dividends are on the radar of investors amid the ongoing cost-of-living crisis. Let’s look at 3 such stocks that investors may go for.

RELATED READ: BP., HBR, SHEL: Are these North Sea oil & gas producers a good bet for now?

stocks to buy amid rising inflation

© 2022 Kalkine Media®

Shell plc (LON: SHEL)

The shares of the oil and gas giant, Shell plc, were up by 0.64% at around 8:30 AM (GMT+1) on 9 June 2022, at GBX 2,445.50. The company, which is a constituent of the FTSE 100 index, has given its shareholders a return of 51.53% on a year-to-date basis as of 9 June 2022, while its one-year return stands at 77.55%. With a market cap of £181,302.02 million, Shell is offering a dividend yield of 3.2% a year as of 9 June 2022.

BAE Systems plc (LON: BA.)

The shares of the British multinational aerospace firm, BAE Systems plc, were down by 1.29% at around 8:30 AM (GMT+1) on 9 June 2022, at GBX 782.40. The company, which is a constituent of the FTSE 100 index, has given its shareholders a return of 42.45% on a year-to-date basis as of 9 June 2022, while its one-year return stands at 46.32%. With a market cap of £25,014.61 million, BAE Systems is offering a dividend yield of 3.2% a year as of 9 June 2022.

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Glencore plc (LON: GLEN)

The shares of the commodity trading and mining business, Glencore plc, were down by 0.89% at around 8:30 AM (GMT+1) on 9 June 2022, at GBX 533.20. The company, which is a constituent of the FTSE 100 index, has given its shareholders a return of 42.23% on a year-to-date basis as of 9 June 2022, while its one-year return stands at 64.73%. With a market cap of £70,690.71 million, Glencore is offering a dividend yield of 3.9% a year as of 9 June 2022.

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