The World Cup gave the UK economy an unexpected boost that increased GDP by 0.1% between October and November. Economists polled by Reuters had forecast a 0.2% contraction for the period but the rise “is likely to increase pressure on the Bank of England to raise interest rates,” reports the Financial Times. Cost of living […]
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UK supermarkets are rationing cooking oil due to supply-chain problems caused by the war in Ukraine, the world’s biggest supplier of sunflower oil. The British Retail Consortium said restricting supplies is a temporary measure with the rationing introduced to ensure there is availability for everyone. Demand on limited supplies is pushing prices higher with an […]
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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 […]
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Care homes across England could be forced to close because of staff shortages that have been worsened with today’s (November 11) introduction of mandatory vaccinations for all care home staff. The latest figures show 32,000 care home workers remained unvaccinated against Covid-19 and leaders of the sector have warned the “inevitable” loss of thousands of […]
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Households and businesses are alarmed by reports that energy prices – already at record levels – could be set to rise even further through the government’s new “green” levy on gas. The new charge will add up to £170 per year onto household gas bills from 2023, according to a report in the Times. The […]
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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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For the first time in its 167 year history, the Met Office issued an “amber extreme heat warning” for parts of the UK with the sweltering temperatures set to peak on Thursday at over 33C. The country bakes but Boris Johnson may be feeling the heat more than most after a truly surreal turn of […]
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One million households in fear losing their homes as England’s eviction ban ended on Monday with warnings from Shelter that homelessness is set to rise “significantly”. The temporary ban on evictions in England ended on Monday (May 31) and 400,000 renters have already received eviction notices, said the Joseph Rowntree Foundation (JRF) – “an independent […]
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The coronavirus rate of infection in the UK is back below 1, figures released today reveal, confirming the epidemic is finally shrinking, a month into England’s third lockdown. Boris Johnson is set to publish the government’s roadmap for lifting the lockdown restrictions in England on February 22, as data confirmed a decrease in positive coronavirus […]
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Boris Johnson has said he takes “full responsibility” for the government’s actions that have led to the UK passing the 100,000 mark for the number of people who have died with coronavirus. A sombre prime minister insisted his government “truly did everything we could” to fight the virus and limit deaths caused by Covid, yet […]
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