Economy

Economy

Energy bills could rise by 50% amid ‘national crisis’ of soaring UK prices
24 December 2021
2980
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
2612
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
2492
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
2780
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
2700
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
2429
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
2929
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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