New UK Finance Minister Vows to Power Economy
New UK Finance Minister, Rachel Reeves, has vowed to immediately "fix the foundations" of Britain's economy, fueled by onshore wind power and house building, after her Labour party won power.
Posted inBusiness
Risk to UK financial stability warns the Bank of England
LONDON (Parliament Politics Magazine) - The big news today for the economy comes as the…
Posted inUK Parliament
Decision on uprating benefits with inflation expected in November
LONDON (Parliament Politics Magazine) - Minister of work and pensions department has informed that the…
Posted inUK Parliament
PM Truss refuses to back out of the mini-budget
LONDON (Parliament Politics Magazine) - PM Truss, her government "did the right thing" in its…
Posted inUK News
After pound fell, the bank will “not hesitate” increase interest rates
LONDON (Parliament Politics Magazine) - The pound hit a record low versus the US dollar,…
Posted inBusiness
Pound hits a historic low against dollar after tax cut announcement
LONDON (Parliament Politics Magazine) - Since the pound has hit a record low versus the…
Posted inUK Parliament
Truss: Energy bills to be capped from October at £2,500 a year
LONDON (Parliament Politics Magazine) - Beginning in October, a typical household's annual electricity and gas…
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Spiralling food and energy prices drive UK inflation to 10.1%
LONDON (Parliament Politics Magazine) - With UK inflation reaching the two-digit figure for the first…
Posted inUK News
Labour to promote energy price cap policy to handle cost of living
LONDON (Parliament Politics Magazine) - In the event that the new Tory leader gives in…
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Rising oil and gas prices fuel BP’s profits three times at $8.45bn
LONDON (Parliament Politics Magazine) - Following a spike in oil and gas prices, BP announced…
Posted inBusiness
UK: Inflation reaches 9.1% as prices move at quickest pace in 40 years
LONDON (Parliament Politics Magazine) - As the prices of food, fuel and energy continue to…
Posted inBusiness
Regular pay drops at the fastest rate in a decade due to rising prices
LONDON (Parliament Politics Magazine) - When growing costs are taken into account, regular pay is…