Economy

Economy

Ben Wallace says petrol prices may have peaked
29 June 2022
2849
Petrol prices Defence Secretary Ben Wallace gave hope to motorists uncomfortable with rising fuel prices on Wednesday when he said fuel costs may have peaked. Petrol and diesel prices have jumped to record levels and the cost of filling up the aver...
The economic crisis has caused an increase in aggression among British shoppers
28 June 2022
2721
British shoppers are angry Shop staff in the UK are increasingly facing hostility from shoppers due to a significant rise in the cost of living. This was reported on Tuesday by The Guardian newspaper, citing a report by the Institute ...
UK house prices rose in June: people start saving money
21 June 2022
2712
Inflation is forcing people to save money Growth in UK property prices for sale has fallen markedly this year. According to the Rightmove website, this is due to pressure on buyers due to rising living costs and the prospect of rising interest rates...
UK's GDP falls 0.3% in April on rising fuel prices
13 June 2022
2804
Fuel price rises and GDP falls UK GDP fell by 0.3 per cent in April 2022 on the back of rising energy prices. This is according to data released by the Office for National Statistics on Monday. The figure was worse than most eco...
Boris Johnson promises lower taxes and fewer bureaucrats
10 June 2022
2798
UK economy The British government's response to the country's difficult economic situation will be to cut taxes, reduce the number of officials and expand housing stock. British Prime Minister Boris Johnson said this on Thursday during a speech in B...
Petrol prices in the UK hit an all-time high
7 June 2022
2764
Historic high The average cost of petrol in the UK has surpassed the £1,785 per litre mark, the highest in the country's statistical history. This was reported on Tuesday by the TV channel Sky News, citing industry research. Thus, a litre of ...
Government of the United Kingdom warned of power cuts this winter
30 May 2022
2772
Plan for winter The rolling blackouts could affect up to 6 million British households from December if the crisis in the European energy market continues to deepen. As The Times points out, such a situation could arise if the conflic...
The UK expects massive closures of swimming pools and restaurants amid economic crisis
28 May 2022
2950
Economic crisis Hundreds of sports and swimming complexes and gyms across the UK could close in the near future as the energy crisis escalates amid anti-Russian sanctions. This was reported by the Financial Times on Friday. It is noted that in the ...
UK says it is not prepared for a jump in food prices
23 May 2022
2908
Food price rises The UK is not ready for a significant increase in food prices and disruptions in the supply of a number of goods that may arise due to the conflict in Ukraine. Ian Wright, head of the UK cabinet's advisory council, said this in an i...
E.ON UK says about 40% of British customers could face 'fuel poverty'
22 May 2022
2685
Families in the UK have a fuel problem The proportion of British households facing the fuel poverty phenomenon could double from 20% to 40% by October. Michael Monroe Lewis, chief executive of the UK branch of Germ...
Bank of England governor warns of 'apocalyptic' food prices due to war in Ukraine
17 May 2022
3190
The governor of the Bank of England has warned of "apocalyptic" food prices, saying he feels "helpless" amid soaring inflation. Andrew Bailey hit back at criticism that the Bank acted too slowly to tackle inflation, blaming a "bad situation" on...
Prescription charges frozen as ministers seek to ease burden on struggling households
16 May 2022
2982
NHS prescription charges in England are to be frozen as pressure mounts on ministers to ease the cost of living crisis following the recent Tory bruising at the polls. Health Secretary Sajid Javid said the levy, which normally rises in lin...
Tech giants will have pay ‘fair’ price for news content, says government
7 May 2022
2951
Online tech giants will have to abide by new rules aimed at making sure they pay a fair price for news content under plans announced by Boris Johnson’s government. The Digital Markets Unit (DMU) will bring in a new code of conduct ai...
Millions of homes ‘pushed into higher stamp duty brackets during pandemic’
4 May 2022
2742
Surging house prices have pushed more than four million homes into higher stamp duty or equivalent tax brackets during the coronavirus pandemic, according to estimates from a website. Across the UK, 4.3 million homes have been pushed into a higher b...
Ukraine war and China lockdowns drive fastest UK price rises in years
4 May 2022
3150
The cost of household goods such as toys, furniture and clothing is rising by the fastest rate in more than 15 years as the impact of the war in Ukraine combines with Covid lockdowns in China. Non-food inflation accelerated to 2.2% in April, up from...
Sterling bounces higher as dollar surge eases
3 May 2022
2924
The British pound rose on Tuesday, moving away from 21-month lows against the dollar as traders took profits on the recent surge in the U.S. currency ahead of both Federal Reserve and Bank of England monetary policy meetings this week. The Bank of E...
UK Chancellor Sunak hints at more help with energy bills in autumn
28 April 2022
3328
UK Chancellor of the Exchequer Rishi Sunak has hinted there could be further help for families struggling with soaring energy bills in the autumn. In a wide-ranging interview with Mumsnet founder Justine Roberts, in which she put questions from the ...
National debt interest payments rise to record £70bn
27 April 2022
3266
Interest payments on the national debt rose to their highest level ever last year, as the UK’s public finances reel from the huge cost of the pandemic.  The government’s statistics department said the debt pile stood at £2.3tn...
IMF tells governments to protect vulnerable people when tackling Covid debt
20 April 2022
2860
Gloom at the International Monetary Fund is nothing new. Since last summer the body responsible for stabilising and supporting the world economy has been growing ever more pessimistic. First it was rising inflationary pressures caused by supply...
Streaming services take a hit as inflation forces Brits to choose
19 April 2022
2767
Britons are abandoning streaming services such as Netflix (NFLX) and Disney+ to save money as they suffer the biggest cut to their disposable incomes since the 1950s. Streaming services boomed during the pande...
Companies rating
Instagram
17 Mention
ITV
11 Mention
X (Twitter)
9 Mention
Netflix
9 Mention
The Sun
8 Mention
Labour Party
7 Mention
The Times
7 Mention
Home Office
6 Mention

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