LONDON (Parliament Politics Magazine) – A think tank has warned that the mini-budget by Rishi Sunak will not prevent millions of people from falling into poverty due to rising food and energy prices. The chancellor stated that the initiatives outlined in his
LONDON (Parliament Politics Magazine) – In an effort to alleviate the strain of the cost of living problem, Rishi Sunak has lifted the national insurance threshold by £3,000 and announced a 5p per litre reduction in fuel duty tax. However, it occurs
LONDON (Parliament Politics Magazine) – Chancellor Rishi Sunak will give the mini budget while hinting to help the Britons cope with the rising living costs in the UK Spring budget for 2022. Inflation and pricing increases have angered business owners across the
LONDON (Parliament Politics Magazine) – According to an eminent economist, the chancellor has “wiggle room” to help combat growing living costs. Before the Spring Statement on Wednesday, Sir Charlie Bean told the BBC that Rishi Sunak might have up to £50 billion
By Neil Lancefield, PA Transport Correspondent – P&O Ferries has suspended sailings amid speculation it is preparing to sack hundreds of workers. The ferry operator said in an internal statement it will make “a major announcement” which will “secure the long-term viability
By Jack Evans, PA Motoring reporter- Rising fuel costs could see many people considering a switch to a more fuel-efficient car, says Jack Evans. Continued fuel price increases are hitting drivers hard. With the cost of a full tank still rising, many
London, (Parliament Politics Magazine) – In January, the UK GDP rose by 0.8%; was it a promising start of 2022 or a one-off? Towards the end of the month, the release from Omicron-related restriction boosted the economy. British consumers were out spending
London, (Parliament Politics Magazine) – Joe Biden has taken a brave decision to ban all imports of Russian oil in the United States which is not only going to be a heavy economic blow for Putin but will also have an impact
London, (Parliament Politics Magazine) – European sanctions aiming at Russia could eventually hurt the European and worldwide economies. The pan-European Stoxx 600 index fell 2.5% by mid-morning, cutting some of its earlier losses. Banks and autos slid 5% to lead losses while
LONDON (Parliament Politics Magazine) – According to the spending watchdog of the parliament, error and fraud cost the government of UK up to £16 billion over the Covid-19 emergency loan schemes, which it characterised as “unacceptable.” According to a report released on
