With industrial action from one sector or another pencilled in for every day right up until Christmas, the PM is likely to press ahead with the introduction of tough new anti-strike laws. From rail workers to teachers and right through to a medley of NHS worker groups, it seems everyone is going on strike. Rishi […]
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Union leader Mick Lynch is blaming the government for a new round of 48 hour rail strikes that will paralyse the network in the run-up to Christmas and after the New Year. Millions of passengers will face severe disruption when thousands of members of the Rail, Maritime and Transport workers union (RMT) strike in December […]
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London has lost its crown as the home of Europe’s largest stock market to Paris for the first time since records began in 2003. Stock values in Paris have wiped out a $1.4 trillion gap to London share values in the six years since the Brexit vote, according to Bloomberg. Shares traded in the French […]
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At noon today, the Bank of England is expected to announce a 0.75 interest rate increase in a move to curb inflation. This hike will put the base interest rate at 3%, the highest level since 2008. Increased interest rates will see millions of mortgage holders face additional monthly costs on top of escalating food […]
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The UK’s new prime minister Rishi Sunak has warned the country that “there is no doubt we face a profound economic challenge.” In his first comments after being named PM Sunak said: “We now need stability and unity, and I will make it my utmost priority to bring our party and our country together.” Behind […]
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New chancellor Jeremy Hunt has announced almost every part of his predecessor’s mini-budget and fiscal policy will be reversed, including the two year £2,500 energy price cap, which will now only last for six months. Hunt said the government will end the cap on energy prices in April and “will reverse almost all the tax […]
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Britons will not be told to use less energy this winter because “we’re not a nanny state”, climate minister Graham Stuart said in response to news the UK faces blackouts this winter. Households and businesses have been warned of rolling blackouts by the National Grid if gas imports fail to keep up with demand in […]
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Enough is Enough protests against the spiralling cost of living crisis will be held in 50 of the UK’s biggest cities and towns tomorrow (October 1) – the same day the new energy bill price cap begins. The campaign group’s first “national day of action” will see simultaneous events in London, Edinburgh, Cardiff, Birmingham, Glasgow, […]
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The pound has plummeted to its lowest ever level against the US dollar after the new Conservative government’s mini-budget collapsed confidence in the UK’s economic management. Early trading on Monday saw the pound plunge 5% against the dollar to just $1.03 before it managed to claw back two cents when London’s markets opened. Further turmoil […]
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The pound and UK stock markets have plummeted providing an immediate reaction to chancellor Kwasi Kwarteng’s mini-budget aimed to stimulate economic growth. The £45 billion package of tax cuts announced today (September 23) is the biggest tax give-away for 50 years – but experts say that half the cuts in personal tax will line the […]
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