Economy NEWS

UK workers to trial four-day week

One of the biggest trials of a four-day working week is set to take place in the UK later this year. More than 3,000 employees at 60 companies will continue to receive their … Continue reading “UK workers to trial four-day week”

Millions would struggle in cashless society

One in five people in the UK would struggle to cope without cash, according to new research by the Royal Society of Arts (RSA). The last decade has seen a rapid rise of … Continue reading “Millions would struggle in cashless society”

Inflation climbs to 30-year high

The cost of living continued to increase last month, driven by higher prices for energy, fuel and food. New figures from the Office for National Statistics (ONS) show that consumer prices rose by … Continue reading “Inflation climbs to 30-year high”

Fuel prices stabilise after record highs

Forecourt prices for petrol and diesel have fallen back slightly but remain very high, according to the RAC. The motoring organisation called for the chancellor to cut fuel duty in this week’s Spring … Continue reading “Fuel prices stabilise after record highs”

Chancellor urged to help poorest households as cost of living rises

Chancellor Rishi Sunak has been urged to use this week’s Spring Statement to help poorer households. It comes as the cost of living is continuing to rise and energy bills are set to … Continue reading “Chancellor urged to help poorest households as cost of living rises”

Suits out, meat-free sausages in as ONS updates inflation basket

Since the start of the pandemic, shoppers in the UK have been spending more on casual clothing and pet accessories and less on formalwear and individual cakes. These and other recent changes in … Continue reading “Suits out, meat-free sausages in as ONS updates inflation basket”

Warning of ‘imminent’ Russian debt default

Russia will soon be unable to pay its debts, according to credit ratings agency Fitch. It comes after widespread international sanctions against Russia following its invasion of Ukraine. Fitch downgraded its assessment of … Continue reading “Warning of ‘imminent’ Russian debt default”

Fuel prices continue to climb

Forecourt prices of petrol and diesel have reached another record high, the AA said on Monday. It comes after a further surge in oil prices following Russia’s invasion of Ukraine. Data from Experian … Continue reading “Fuel prices continue to climb”

Highest rise in retail prices for a decade

Prices in UK shops are continuing to increase, with new figures from the British Retail Consortium (BRC) showing the fastest rise in over a decade. Shop price annual inflation accelerated to 1.8% in … Continue reading “Highest rise in retail prices for a decade”

Petrol and diesel prices reach new high

Motorists in the UK are paying record prices at the pumps for both petrol and diesel, new figures show. Motoring organisation the AA has revealed that over the weekend average petrol prices reached … Continue reading “Petrol and diesel prices reach new high”

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