Another day, another record: Price of a litre of petrol hits new high of 189.3p June 22, 2022 The average price of a litre of petrol at UK forecourts reached a new high of 189.3p last night, according to data firm Experian. The average price of diesel was 197.1p per litre. The announcement comes only hours after the rate of inflation rose again in May, remaining at 40-year highs, the Office for National [...]
Inflation jumps to 9.1 per cent: Worried City insiders respond to consumer prices climbing again June 22, 2022 The rate of inflation rose again in May, remaining at 40-year highs, the Office for National Statistics said this morning. The rate of Consumer Prices Index inflation rose slightly to 9.1 per cent in May from 9 per cent in April, according to the ONS. The increase matches what analysts had expected. “Though still at [...]
Nightmare becomes reality in Sri Lanka as govt has no choice but to declare economy has ‘collapsed’ June 22, 2022 After months of shortages of food, fuel and electricity. Sri Lanka’s prime minister said this morning the country’s debt-laden economy has “collapsed.” Prime Minister Ranil Wickremesinghe told Sri Lanka’s parliament today that the South Asian country is “facing a far more serious situation beyond the mere shortages of fuel, gas, electricity and food. Our economy [...]
After trains, it’s a bus strike: Hundreds of Stagecoach drivers to walk out on 30 June and 4 July June 22, 2022 Hundreds of bus drivers are to go on strike in a dispute over pay. Members of the Unite union employed by Stagecoach will walk out on June 30 and again on July 4. Unite general secretary Sharon Graham said: “Stagecoach is a highly profitable company – it can easily afford to pay its workers a [...]
House prices continue to grow month by month, hitting an average £281,161 in April June 22, 2022 The average house price in the UK hit £281,161 last month, as the cost to own a home continues to climb month by month. House prices grew 1.1 per cent between March and April, according to the government’s latest figures, forming part of an average 12.4 per cent annual increase in price. While onlookers have [...]
Cost to rent a home jumps largest-ever amount in past year, says statistics body June 22, 2022 The cost to rent a home has increased by the largest-ever amount over the past 12-months, according to the latest figures from the national statistics body. Average rental prices paid by tenants in the UK has jumped by 2.8 per cent in the year to May, the Office for National Statistics revealed this morning, marking [...]
Mike Ashley’s Frasers Group ups stake in German fashion brand Hugo Boss, again June 22, 2022 Mike Ashley’s Frasers Group confirmed this morning it has increased its stake in luxury German fashion brand Hugo Boss once again. Frasers said it now has 3.4 million shares – a 4.9 per cent stake – in Hugo Boss and holds buy options over another 26 per cent shareholding. The group said its investment in [...]
BBC must improve complaints handling warns media watchdog Ofcom June 22, 2022 The BBC must be much more open with audiences about how it handles their complaints, warned media watchdog Ofcom.
Government admits most Brits will not benefit from Boris Johnson’s ‘benefits to bricks’ housing plans June 22, 2022 Most Brits will not be able to make use of Boris Johnson’s “benefits to bricks” scheme to allow welfare payments to secure mortgages, the government has admitted. Earlier this month, the Prime Minister announced a plan to enable people who are in work but also on housing benefit to use welfare payments towards a mortgage, [...]
HSBC pumps £250m into new lending fund for high-growth UK tech companies June 22, 2022 HSBC UK has unveiled a new £250m growth lending fund for high growth tech businesses today as it looks to meet a government call for a surge in investment in the sector last week.