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Inflation Battles
Sainsbury's CEO, Simon Roberts, states that food inflation is decreasing and shoppers are responding positively to price cuts on basic items. Sainsbury's is fully committed to battling inflation and supporting customers in lig...
The ULEZ Expansion
London's ULEZ expansion, designed to combat air pollution, has triggered a heated debate. Covering more people in the outer boroughs, the plan faces legal challenges and concerns a...
Revamping Predictions
Bank of England's chief economist, Huw Pill, acknowledges forecasting model's failure in addressing Britain's inflation crisis due to inadequate assessment of Ukraine war's impact on prices and wages.
Inadequate Forecasting Mo...
Battle Against Inflation
Chancellor Jeremy Hunt has organized a meeting with industry regulators to tackle the problem of price hikes driven by rampant inflation.
The meeting, happening on Wednesday, will involve representatives from...
Britain's Mortgage Crisis
Britain's mortgage crisis has prompted government action, but concerns remain over the effectiveness of the response.
Meeting with Jeremy Hunt
In a high-stakes meeting, Jeremy Hunt hosted executives and regulators to addr...
Inflation Alert
Gillian Keegan, a Cabinet minister, highlights the significance of addressing inflation before implementing tax cuts. Speaking at the Margaret Thatcher Conference, she emphasizes the need for sound money and fisca...
UK inflation drops slightly in March
UK inflation dropped to 10.1% in March, according to the Office for National Statistics. While this is a slight improvement from the 10.4% recorded in February, it is still in d...
How price hikes are impacting popular restaurant chains in Britain
Dining out in Britain has become increasingly expensive in recent months as restaurants and pubs struggle with rising costs. Some of the popular chains, including McDonald's, Wethers...
Crisis in banking sector
In the aftermath of the collapse of Silicon Valley Bank and a rescue deal for Credit Suisse, an analyst has argued that the world is heading towards a crisis that is "far worse" than t...
The UK economy
The UK government is taking steps to minimize the economic impact of the recent bankruptcy of Silicon Valley Bank (SVB), one of the largest US banks.
Jeremy Hunt said that the government is working at a fast pace to respond to the fa...
Rough sleeping in United Kingdom
Crisis, a leading homelessness charity in the UK, the government is likely to miss its target of ending rough sleeping in England by 2024.
The charity...
Internet businessmen and tax
Revenue and Customs (HMRC) will send 4,300 notices to internet earners in the kingdom whom it suspects of not paying taxes. This was reported by the Financial Times.
The authority said such letters will be sent to peopl...
FTSE 100 hits record high again
The London Stock Exchange's FTSE 100 Index, which is based on the stocks of the 100 largest-cap companies, reached a record high of 7,926 points on Wednesday.
That figure beat the previous record, which was set on Fe...
A record on the stock exchange
The London Stock Exchange's FTSE 100 Index, which is based on the shares of a hundred large-cap companies, gained 84 points, or 1.1 per cent, to a record high of 7,906 points in trading on Friday.
The previous record ...
Rate hike
The Bank of England raised its rate for the tenth time in a row, by 50 basis points, to 4% per annum, according to a statement on the regulator's website.
Edward Park, investment director at investment management firm Brooks Mac...
The UK economy
Britain's exit from the European Union (Brexit) is costing the economy £100 billion annually due to lost investment, loss of staff and income from trade. This was ...
Oil production indicators
The oil production of the member countries of the Organization of the Petroleum Exporting Countries (OPEC) may reach from 45% to 65% of total world production by 2050, having almost doubled compared...
The problems with the economy is going to continue
Prime Minister Rishi Sunak believes that in 2023 the time of hardship in the UK will continue because of the effects of the conflict in Ukraine.
"I'm not going to pretend that all our problems will...
Strikes are bad for the hospitality sector
The profit lost by UK pubs, hotels and restaurants to strikes in December was £1.5bn, British Hospitality Association (BHA) head of hospitality Kate Nicholls said on Friday.
"We have recorded cancell...
GPD in Q3
The UK economy contracted by 0.3% in the third quarter instead of the expected 0.2%. This is evidenced by a report released Thursday by the Office for National Statistics (ONS) of the ...
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ENGLAND NEWS
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