The Capitalist: Labour’s boost for wealth advisors and bane for private schools plus friends like Boris’
New chancellor, same story: London is always left out of Whitehall’s plan for growth March 16, 2023 London won’t always keep growing if it is continually ignored by government. What will the Chancellor have to say then?
Young watching seven times less broadcast TV than over 65s August 17, 2022 Young adults are watching seven times less broadcast TV than those aged 65+, according to new figures published today, as they continue to bypass traditional broadcasters and enjoy streaming services. While those aged 65 and over spend almost six hours a day enjoying broadcast TV, the average for people aged 16-24 is less than an [...]
Young’s to swap salmon and chicken for cheaper alternatives May 19, 2022 Pub chain Young’s has said it is prepared to switch pricier menu staples for cheaper alternatives as inflation stands at a 40-year high. Speaking to CityA.M., Young’s CEO Patrick Dardis said the company had switched salmon for fresh trout after steep price increases. “Pork is cheaper than chicken and so we have the ability to [...]
Post-Brexit deal with New Zealand goes to Parliament despite ‘concerns’ over removing tariffs October 26, 2022 A post-Brexit deal between the UK and New Zealand will be “formally laid in Parliament” today despite concerns over its impact on UK producers. International trade minister Kemi Badenoch made the announcement in a letter to Angus MacNeil, the chair of the international trade committee. The deal was agreed in February by Bedanoch’s predecessor and [...]
Govt reassures commuters next year’s rail fares rise will be below inflation rate August 15, 2022 The government said this morning that next year’s increase in rail fares in England will be below the current rate of inflation. Changes in regulated fares such as season tickets are traditionally implemented on the first working day of the year and based on the previous July’s retail price index (RPI), which for 2022 will [...]
Brits’ take home pay still falling rapidly despite record wage rises January 17, 2023 Brits are suffering one of the sharpest hits to their take home pay despite businesses handing workers bumper pay prices, official figures out today reveal. Real pay tumbled 2.6 per cent over the three months to November, among the steepest drops seen outside the Covid-19 crisis, according to the Office for National Statistics (ONS). The [...]
UK narrowly avoids recession as penny pinching Brits help GDP grow 0.1 per cent March 31, 2023 The UK was not formally in a dreaded recession between October and December, with UK GDP increasing slightly by 0.1 per cent in the fourth quarter of 2022. Latest figures from the Office for National Statistics show the total Gross Domestic Product (GDP) for the economy marginally improved from an initial estimate of “no growth”. [...]
Brits paid billions more in taxes over the last year as HMRC ramped up tax collection June 23, 2022 The British population paid more in taxes in 2021-2022 as HM Revenue and Customs collected £718.2bn in taxes, a near 23 per cent rise from the year before. Total HMRC tax receipts for April 2022-May 2022 were £121.9bn, according to HMRC data released today. These were £14.8bn higher compared to the same period last year even as the [...]
Bank of England governor Andrew Bailey warns of uncertainty over inflation drop May 17, 2023 The risk of inflation staying higher for longer than the Bank of England’s two per cent target than it expects is mounting due to the slow reduction of wage pressures and price rises, the Governor of the central bank warned today. Speaking at the British Chambers of Commerce’s (BCC) annual conference, Andrew Bailey warned the [...]
Brits put off buying EV due to record inflation June 23, 2022 Brits are becoming increasingly put off buying electric vehicles (EV) due to rocketing inflation rates. According to a research published today by Close Brothers Motor Finance (CBMF), 41 per cent of Britons have decided against going electric as a result of the cost-of-living crisis. Figures reported that 84 per cent of people are taking at [...]