UK families will be hit with a record rise in energy costs leading to the biggest fall in living standards since records began, the Bank of England (BoE) said on what has been dubbed ‘Black Thursday’. Energy regulator Ofgem today (February 3) confirmed the price cap will rise by 54% in April while the BoE […]
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Chancellor of the exchequer Rishi Sunak is under fire for being “missing in action” in California while British businesses battle against the Omicron variant’s devastating impact on Christmas spending and the UK’s economy. The Bank of England shocked markets with an unexpected hike in interest rates today (December 16) to 0.25%, increasing the cost of […]
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UK inflation has surged at its fastest rate since records began with a 3.2% rise in August carried by steep rises in food and drink and home furnishing prices. Figures released today (September 15) by the Office for National Statistics (ONS) show the highest monthly rise since the Bank of England (BoE) gained independence to […]
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A furious Boris Johnson threatened to sack Rishi Sunak after a leaked letter from the chancellor calling for travel restrictions to be eased was leaked to the press. Labour have called on the prime minister to stop falling out with colleagues and “get a grip on the real challenges facing this country”, calling the dysfunction […]
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