Regular wages in the UK are finally increasing faster than prices, providing hope for struggling Brits after nearly two years. According to official figures from the Office for National Statistics (ONS), regular pay increased by 7.8% over the three months to August, taking into account the headline Consumer Price Index (CPI) inflation rate. This marks …
THE GREAT DEBATE: Sick-note Britain! Should it be harder to get signed off work? Will the new triage system before getting signed off be better for the workplace? By MailOnline Reporter Published: 16:02 BST, 9 October 2023 | Updated: 16:02 BST, 9 October 2023 In the past year, UK employees have taken an average of …
The Impact of Minimum Wage Hikes on Global Inflation and Financial Burdens Inflation rates around the world are finally starting to cool off after the global pandemic and Russia’s invasion of Ukraine. However, individuals everywhere are still feeling the strain on their wallets. National governments, including Britain, have responded to this cost-of-living crisis by implementing …
Rishi Sunak Criticizes BBC for ‘Inaccurate Commentary’ on UK Economy Post-Pandemic In a recent statement, Rishi Sunak expressed his disappointment with the BBC for what he considers to be ‘inaccurate commentary’ on the UK economy. He accused the public broadcaster of deliberately refusing to publish figures that demonstrate the UK’s faster recovery compared to France …
Last month, inflation experienced a decline to 6.7%, a significant drop from the peak of 11.1% in October of the previous year. While this high inflation provided additional tax revenue for the Chancellor, it also resulted in increased government spending on the national debt, which currently stands at £2.5 trillion. In this regard, the Office …
Experts have cautioned that the future of retirement remains uncertain. Since April 1977, plans have been set in motion to raise the state pension age to 68 between 2044 and 2046. This change is projected to save the Treasury billions of pounds by reducing the cost of state pensions and increasing income tax revenue from …
Kemi Badenoch, the Business and Trade Secretary, emphasized that the UK should not label China as a “foe” despite the recent arrest of a parliamentary researcher on suspicion of spying for China. During an interview on Sky News, she was asked whether China should be seen as a friend or enemy of Britain. In response, …
Energy Price Cap Could Rise Above £2,000 Early Next Year An asset manager has predicted that the price cap on energy bills, set by regulator Ofgem, will rise back above £2,000 on January 1st, resulting in an 8% increase on current tariff levels. This is bad news for millions of families who are already facing …
Britain’s enthusiasm for politics alongside their Sunday morning breakfast is reportedly declining. This week marks the one-year anniversary of former BBC political editor Laura Kuenssberg taking over the prime BBC slot from Andrew Marr. However, live ratings have seen a decline, according to The Sunday Times. After a summer break, the 47-year-old presenter was joined …
The Institute for Fiscal Studies (IFS) has outlined various issues with the current tax system, particularly regarding the taxation of wealth. According to the IFS, large capital gains, many of which are based on luck, have contributed to the rise in net household wealth and the growing gap between generations. The IFS believes that housing …