Chancellor Jeremy Hunt has pledged further tax cuts for the autumn, asserting that the UK economy has “turned a corner.” In a bid to draw clear distinctions ahead of the next election, Hunt accused Labour of planning to raise taxes while positioning the Conservatives as committed tax-cutters. In a speech on Friday, Hunt acknowledged the […]
The number of UK bank branches that have permanently closed their doors over the past nine years will surpass 6,000 on Friday, a milestone that highlights the significant impact on local communities. The consumer group Which? has published these figures as part of its effort to bring attention to the widespread closures and their detrimental […]
Inflation has significantly reshaped the UK economy, steering households towards the highest savings rate in three decades and reducing spending by £50 billion, according to the Resolution Foundation. In a recent report, the economic think tank highlighted that household consumption had contracted more than the fall in real incomes during the cost of living crisis, […]
Three major high street lenders, Barclays, HSBC, and TSB, have announced reductions in mortgage rates on more than 100 deals, offering welcome relief to borrowers who have faced rising rates in recent weeks. Barclays will implement significant cuts on Friday, reducing fixed rates on purchase and remortgage deals by up to 0.45 percentage points. Notably, […]
The price of British lamb has surged to unprecedented levels, driven by a combination of adverse weather conditions, disease, import challenges, and increased demand. According to the Agriculture and Horticulture Development Board (AHDB), wholesale prices have risen by over 40% year-on-year, reaching more than £8.50 per kg. This price hike comes alongside a forecasted 1.4% […]
Over 3,000 cyber breaches were reported to the ICO, which regulates the collection and use of personal data over 2023 Tech businesses must “bake in” data protection at each and every stage of the development of artificial intelligence (AI) technologies in order give the upmost protection to people’s personal information, warned the UK’s data watchdog […]
Lorries carrying perishable goods such as meat, cheese, and cut flowers from the EU are experiencing delays of up to 20 hours at the UK’s busiest Brexit border post due to failures in government IT systems. These delays have led to significant disruptions, reducing the shelf life of products and prompting retailers to reject some […]
Greggs, the popular high street bakery chain, is grappling with rising wage costs, which are impacting its profit margins despite a notable increase in first-quarter sales. Roisin Currie, Chief Executive of Britain’s largest bakery chain, highlighted that the “majority of cost inflation pressures that we face this year is wages,” underscoring that labour costs remain […]
Pub chain Marston’s has posted a strong first half of the financial year off the back of food and drink sales as it looks ahead to the bumper summer months filled with sport, including the Euros. Operating 1,395 pubs across the UK, Marston’s announced this morning an increase in both revenue and profit for the […]
The UK’s unemployment rate has climbed to its highest level in nearly a year, as the number of job vacancies continues to shrink, according to the latest figures from the Office for National Statistics (ONS). From January to March, the unemployment rate rose to 4.3%, the highest since the period from May to July last […]