According to a No 10 source, the current proposals are still in the early stages. While recognizing that supermarkets operate on slim profit margins, the source mentioned ongoing discussions with retailers to identify measures that can be taken to lower prices for consumers. In March, the French government made a deal with retailers to reduce prices, …
The British government is considering the nationalization of Thames Water, the country’s largest public water utility, as part of contingency plans to address concerns about its $18 billion debt. Image source: Terry Schmitt/UPI June 28 (UPI) — The British government is currently exploring the possibility of nationalizing Thames Water, the largest public water utility in …
Mothers are often the ones who bear the brunt of high childcare costs, as official figures show that women perform approximately 60% more unpaid work than men. The Office for Budget Responsibility (OBR) has stated that providing 30 hours of free childcare per week to children aged between nine months and two years would gradually …
The Chancellor has unveiled a £4 billion initiative to expand free childcare, but there are apprehensions regarding the shortage of nursery spaces and childminders. The objective of providing 30 hours of free childcare to working parents with children under five is to facilitate more parents in joining the workforce. However, experts express concerns about the …
A new analysis conducted by the Liberal Democrats reveals that households with a typical mortgage will experience a significant increase in payments, equivalent to a 6p rise in income tax. The analysis takes into account the Bank of England’s interest rate, which has risen from 0.1% over the past 18 months to its current rate …
It is truly astonishing that some individuals still believe that the United Kingdom joined the US-led invasion of Iraq in an attempt to liberate the Iraqi people from a brutal dictator. The reality is that the invasion was primarily a US initiative driven by its Middle East foreign policy objectives. Unlike Harold Wilson, who …
The Governor of the Bank of England, Andrew Bailey, expressed concern about high inflation rates in a recent conversation with Jeremy Hunt. In a letter to the Chancellor, Bailey emphasized that domestic inflationary pressures are still significantly elevated. The consumer prices index (CPI) reveals that price increases remained stagnant at 8.7% in May, compared to …
1/2 Chancellor of the Exchequer Jeremy Hunt stated that Britain has made tough choices to stabilize the country’s finances following Russia’s invasion of Ukraine and the impact of the COVID-19 pandemic. As a result, government borrowing has reached its highest level in 60 years. [File Photo by Hugo Philpott/UPI] June 21 (UPI) — Provisional estimates …
The latest official figures reveal that Britain’s benefits bill has propelled public borrowing to record levels for the month of May, even outside of lockdown. This has resulted in the UK’s debt share surpassing the size of the economy for the first time since 1961. In May, the government borrowed £20 billion to bridge the …
Investment is the fuel that powers a country’s economy, and unfortunately, the UK’s tank is running on empty. This scarcity of investment not only hampers economic growth but also perpetuates inequality and hinders progress towards net zero emissions and energy security. According to a recent report by the IPPR, the UK ranks last among the …