Economy

Economy

How to claim the £200 loan to help cover the cost of bills
18 April 2022
3007
The Treasury is committing billions of pounds to help households shoulder the cost of rising household bills. Among the measures announced by Rishi Sunak in February was a council tax rebate, an increase in the number of households eligible for...
Retail sales wane as consumer confidence sinks amid cost of living crisis
12 April 2022
3072
Retail sales growth slowed significantly last month as consumer confidence “continued to sink” amid the cost of living crisis, new research has revealed. It comes as a rise in household bills, food and fuel has starte...
Brits who house Ukrainian refugees set to receive a £350 monthly 'thank you' payment
13 March 2022
2859
A Government scheme to help Ukrainian refugees is being launched across the UK - offering money to people who open their homes to those in need. The Homes for Ukraine programme, to be rolled out later in the week, will mean people who offer accommod...
Move to add free speech protections to UK anti-corruption bill
5 March 2022
3052
Free speech amendments have been tabled for inclusion in anti-corruption legislation due before parliament next week, after ministers promised to reform Britain’s legal system to prevent “intimidation lawsuits”. The Labour MP Liam ...
Britain to crack down on 'misleading' cryptocurrency adverts
18 January 2022
2803
Britain is to crack down on "misleading" advertisements for cryptoassets, which often target retail consumers with poor knowledge of the risks, the finance ministry said on Monday. Rising prices of of cryptocurrencies such as bitcoin and ether have ...
Goods imports from Great Britain drops by more than a fifth since Brexit
17 January 2022
2997
Goods imports from Great Britain have dropped by more than a fifth since Brexit figures show. The latest numbers from the Central Statistics Office (CSO) show that the value of goods imports from Great Britain fell by almost 3.3 ...
£150,000 starting salaries as firms fight for staff
12 January 2022
2766
A professional recruitment firm says it is placing graduate lawyers at top firms on starting salaries as high as £150,000 amid a shortage of workers. Alan Bannatyne, chief financial officer at Robert Walters, told the BBC people in many UK ind...
Energy bills could rise by 50% amid ‘national crisis’ of soaring UK prices
24 December 2021
3500
Energy bills could rise as much as 50% in the spring as the UK faces a “national crisis” over soaring wholesale gas and electricity prices, the energy industry has warned. The trade body Energy UK has called on the government to int...
UK inflation at 10-year high sets stage for interest rate rise within weeks
17 November 2021
3082
Britain looks set to become the first major economy to hike interest rates since the Covid-19 pandemic began after inflation data showed prices rising at the fastest rate in a decade. Driven by higher energy and transport costs, the UK Consumer Pric...
Energy suppliers going bust could see consumers pay almost £30 more a month, according to energy watchdog Citizens Advice
30 September 2021
2962
Consumers who are moved to a new energy firm after their supplier goes out of business stand to pay almost £30 a month more, Citizens Advice has found. The energy watchdog warns people will face “desperate choices” this w...
Rishi Sunak warns young home working may hurt their career
3 August 2021
3360
Young people will see their careers benefit by working in the office, the Chancellor, Rishi Sunak, has said. He told LinkedIn News he doubted he would have done as well if he had started his working life virtually. Mr Sunak worked in finance, inclu...
UK faces triple threat from Covid-19, rising debt and the climate crisis, says OBR
7 July 2021
3180
The UK faces a triple threat of “potentially catastrophic” risks to its economy in the coming years, according to the Office for Budget Responsibility (OBR). Britain’s fiscal watchdog said coronavirus, the climate cr...
Stamp duty ‘D-day’: what next for the housing market?
30 June 2021
2969
It’s “D-day” for thousands of home movers as they look to complete property transactions ahead of changes in the stamp duty tax break.  At midnight tonight the tax-free threshold on property purchases will drop from £500...
Sunak urged to stop bankers fuelling climate crisis in Budget
25 February 2021
3439
Rishi Sunak should use his upcoming Budget to enable the Bank of England to shift billions of pounds away from fossil fuels and towards a green recovery, tens of thousands of people told the Chancellor today. A petition organised by campaign groups ...
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