On the same day that energy bills are hiked 54% and council tax and national insurance contributions rise, MPs have been given a £2,212 pay rise. It takes their basic pay to £84,144, which doesn’t include expenses. MPs can get £23,290 per year to help pay their rent. They can also get £190,750 for staffing […]
Continue Reading
Rishi Sunak’s claims to be a tax-cutting Tory chancellor have been debunked by the Office for Budget Responsibility (OBR). Sunak’s Spring Statement turned out to be a mini-budget and featured headline grabbing measures such as the 5p off fuel duty (for 12 months), a national insurance cut for 30 million workers and a pledge to […]
Continue Reading
Boris Johnson “has paved the way” for another major policy U-turn with speculation the recently announced fracking ban is to be reversed. The prime minister has suggested that sealing the UK’s two shale gas wells does not make sense in light of the energy crisis following Russia’s invasion of Ukraine. Johnson’s spokesperson said today (March […]
Continue Reading
London’s FTSE 100 fell 4% while the price of gas, oil and other commodities soared as spooked financial markets reacted to Russia’s invasion of Ukraine. UK households will be facing even higher costs for energy, food and fuel as a direct result of the conflict. The energy price cap will rise even higher in the […]
Continue Reading
British bankers are celebrating bumper bonuses set to exceed £4 billion while UK households struggle amidst the cost of living crisis. The Bank of England (BoE) today announced inflation has hit a new 30-year high in January with consumer prices up 5.5% on the year. Surging prices for energy, clothing and footwear is behind the […]
Continue Reading