Sunak says he is ‘prepared to act’ if energy bills soar again later this year March 28, 2022 Rishi Sunak has said he is “prepared to act” if energy prices continue to spiral out of control amid speculation he is ready to announce another multi-billion pound council tax rebate later this year. The chancellor told MPs on the Treasury Select Committee today that “It’s very difficult to sit here today and speculate on [...]
Budget: OBR says UK to avoid recession and is on course to grow every year after short blip in boost for Jeremy Hunt March 15, 2023 Britain will avoid a much-tipped recession this year and will grow every year until 2027 after a short blip, a massive reversal from economists warning of the longest contraction in a century just a few months ago, the country’s spending watchdog said today. UK GDP is on course to suffer a mild slump in 2023 [...]
TSB: Quarter of fraud payment victims denied money back in new scheme as regulator urged to rethink January 7, 2023 TSB is urging a regulator to reconsider proposals which could mean one in four people who are tricked into transferring money to a fraudster being denied their money back. The bank said the Payment Systems Regulator (PSR) should reconsider the plans for a new bank transfer fraud refund mechanism that would allow banks to exclude [...]
National insurance hike sparks wave of job cuts April 11, 2022 Businesses have unleashed a wave of job cuts to cope with being hit by the national insurance hike, reveals fresh research released today. The pipeline of redundancies has taken off in the last month alone, triggered by firms scrambling to protect their bottom lines ahead of a series of damaging tax rises. The number of [...]
Could Apple’s new guidelines be the springboard for the UK’s crypto hub ambitions? October 27, 2022 Apple helping yet taking away at the same time is not surprising, but it’s likely for the greater good, says Rita Liu of Mode.
Office for National Statistics throws men’s suits out of inflation calculation basket and adds meat-free sausages March 14, 2022 The Office for National Statistics (ONS) has added meat-free sausages, sports bras and anti-bac wipes to the basket of goods its statisticians use to calculate price hikes. In its annual shake up of the basket, the ONS added 19 items to its Consumer Prices Index and threw out 15 items. Products to be added include [...]
UK braces itself for nation-wide disruption as 40,000 workers announce another two days of rail strikes July 15, 2022 The UK will need to brace itself for nation-wide disruption as 40,000 rail members of the union RMT announced late last night an additional two days’ strike on 18 and 20 August. RMT members working at Network Rail and 14 other operators announced earlier this week they will also walk out on 27 July in [...]
Iran suspends Saudi Arabia talks while US deal hits Russian roadblock March 13, 2022 Iran has paused talks with Saudi Arabia while Russian demands have curtailed its attempts to revive former arrangements with the US.
Scottish Power urges Government to bring in price cap freeze as winter crisis looms August 14, 2022 The boss of Scottish Power has proposed that the energy price cap should be held for the next two years to ease household costs.
It’s wait and see for investors ahead of BT results this week May 9, 2022 Analysts in the City will be waiting nervously to see whether the cost-of-living crisis has seen an exodus in subscribers from telecoms giant BT when the company reveals its results on Thursday. US streaming rival Netflix said recently its own subscriber base had suffered as households cut back and investors in BT are hoping similar [...]