London (Parliament News) – Tension caused by a global wave of elections, beginning this weekend in France, risks destabilising the UK’s financial system, the Bank of England has cautioned. How could global elections impact the UK’s financial stability? Officials are worried about
The United Kingdom’s economy rebounded more quickly than initially reported during the first quarter of 2024, according to revised figures released by the Office for National Statistics on Friday. However, the overall economic outlook remains uncertain as the country heads into a
London (Parliament News) – HSBC and Barclays are slashing rates on their fixed mortgage contracts in what some brokers claim could be the beginning of a “summer of savings” for homebuyers and those looking to remortgage. What prompted HSBC and Barclays to
Air travel is experiencing a resurgence, with an increasing number of people expected to fly this summer, despite the noticeable rise in fares. However, UK holidaymakers travelling to the EU are being cautioned about the “10-year rule,” which has led to some
London (Parliament News) – Britain’s debt burden hit its most elevated level since 1961 in May placing it within a hair’s breadth of the scope of the entire economy. Why Has UK Debt Reached Its Highest Since 1961? The UK national debt
For the first time in nearly three years, the UK’s inflation rate has returned to the Bank of England’s target of 2%. According to the latest report from the Office for National Statistics (ONS), the Consumer Prices Index (CPI) saw a year-on-year
Investment levels in the UK remain alarmingly low compared to other wealthy nations, and without significant improvements, economic growth appears unattainable, according to the Institute for Public Policy Research (IPPR). The think tank highlights that the UK’s total investment lags far behind
London (Parliament News) – A report preceding the G7 summit indicates UK regional cities lag behind counterparts in the US, France, and Germany due to underinvestment, hindering economic development and productivity growth. A neglect to invest in the UK’s main regional cities
London (Parliament News) – The Trades Union Congress (TUC) reveals the UK’s highest unemployment increase among wealthy nations, paralleled only by Costa Rica. Despite economic growth indicators, joblessness persists, accentuating concerns about long-term economic prospects. Unemployment is increasing in the UK at
London (Parliament News) – A leading think tank warns of looming tax increases in the UK, projecting an average burden of £800 per household annually by 2028-29, irrespective of the election outcome. Both major parties remain silent on reversing these measures. What
