The UK’s borrowing costs rose less than expected last month on the back of rising tax receipts and a lower debt interest bill, but economists have warned that the government is still in danger of missing its fiscal targets. Official figures showed that public sector net borrowing was £4.3 billion in July, less than the […]
Government borrowing came in lower than expected last month despite a hit from the highest debt interest payments ever seen for the month of July. The Office for National Statistics (ONS) said the interest payable on central government debt was £7.7bn while borrowing during the month was the fifth highest for the month of July […]
A host of British firms have been asked by the government to hand over information on their investments in China, as the UK looks to take stock of its business ties to the state amid increasing geopolitical tensions. The government confirmed today that a survey was sent to a number of UK firms last month […]
The UK government spent more than £46m on negotiating just two trade deals last year, it has been revealed. Ministers shelled out £46.2m during 2022-23 securing and implementing new trade deals with Australia and New Zealand, according to a recent parliamentary written question. Concerns have been raised over the expected benefit from the Australian and […]
In September 2023, Lord Karan Bilimoria, Chair and founder of Change the Race Ratio, will move to a newly created role as President, handing the baton of campaign Chair to Sir Trevor Phillips. Sir Trevor was a member of Sir John Parker’s government-backed review team, and remains on its steering committee under David Tyler. Lord […]
The cost of petrol in the UK has broken a major threshold, reaching a price of 150p per litre for the first time since January, as data provided by the AA shows. This development presents a significant burden to consumers already grappling with a cost-of-living crisis. The current average unleaded price stands at 150.1p per […]
The world’s first cargo ship fitted with giant, rigid sails – a groundbreaking innovation by BAR Technologies – has embarked on its inaugural voyage. This pioneering venture, led by global shipping firm Cargill, may mark the beginning of a seismic shift towards a sustainable future for the maritime industry. The newly launched Pyxis Ocean is […]
In a bid to deter shoplifters, Waitrose and John Lewis have taken an innovative approach by providing on-duty police officers with complimentary hot drinks. The objective is to foster a stronger police presence, potentially making potential thieves reconsider their intentions. Nicki Juniper, the security head of the John Lewis Partnership, which owns both the John […]
Annual energy bills for a typical household are expected to fall slightly to £1,926 from October, according to a new forecast. Consultancy firm Cornwall Insight predicts bills could drop by £148 under a new official price cap set to be announced by Ofgem next week. The energy price cap limits how much suppliers can charge […]
The government is encouraging councils to get pubs open earlier on Sunday ahead of the Women’s World Cup final. It comes after pubs called for licensing laws to be relaxed to allow venues to serve alcohol from 10:00 BST ahead of the much-anticipated match. The British Beer and Pub Association (BBPA) wants pubs to be […]