UK Inflation Climbs to 2.9% as Energy Bills Bite
UK Inflation Climbs to 2.9% as Energy Bills Bite UK inflation rose to 2.9% in the 12 months to July, up from 2.6% in June and the highest rate since March, according to the ONS figures published on Wednesday. The Office for National Statistics said the increase was driven largely by household energy costs, after […]
1 week ago
Healey Budget: Chancellor confirms 28 October date
The first Budget of the Burnham era Chancellor John Healey has announced that his first ‘Healey Budget’ will be held on Wednesday 28 October, setting a firm date for the new government’s opening fiscal statement. The announcement, made in a video message, frames the package around spending discipline as ministers are urged to stay within […]
1 month ago
Why the Middle East is keeping UK interest rates on hold
The Bank Of England is holding steady Journalists gathered outside the Bank of England on Thursday for a decision that, on the face of it, looked like a non-event. Rates stayed put. But the reason interest rates did not fall tells you almost everything about where the British economy sits this summer — and about […]
1 month ago
Autumn budget faces “very difficult trade-offs” because of Iran War
The Autumn budget may not be plain sailing The Autumn budget faces “very difficult trade-offs” if the Iran war keeps oil prices and inflation high, a leading thinktank has warned, handing new Prime Minister Andy Burnham what it calls a “challenging inheritance”. With oil prices having briefly climbed back above $100 a barrel and the […]
1 month ago
UK high street giant set to close down 87 stores – full list
Check if your local branch is closing High streets across the UK are set to lose dozens more stores as another major retailer begins a large-scale round of closures. The British Heart Foundation has now confirmed the first 87 branches that will shut their doors. The charity, which currently operates 652 shops nationwide, said the […]
1 month ago
Andy Burnham given early boost ahead of becoming PM as UK economy does better than expected
Burnham gets his first piece of good news As Andy Burnham prepares to take over as the UK’s next Prime Minister, he has already received an early political boost. Newly released figures from the Office for National Statistics show that the UK economy performed better than expected in May, offering positive news as he gets […]
1 month ago