Soaring energy bills to drag on UK economy, new forecasts reveal March 28, 2022 Swelling energy bills are set to drag on the UK economy this year by sending a chill through household spending, reveals new research published today. Household energy bills will almost double in October even after rebates are handed out, according to new forecasts published by the EY Item Club today. The downbeat assessment adds to [...]
Sunak eyes another council tax rebate after poor response to his spring statement March 28, 2022 Rishi Sunak is considering a further council tax rebate for Brits struggling with the cost of living crisis, after his spring economic statement was met by a very poor response on Wednesday. The chancellor is reportedly now looking into offering a further multi-billion pound package to help people with soaring energy bills and other household [...]
Ukraine war: Peace talks set to resume as Kyiv recaptures villages March 27, 2022 Ukrainian and Russian officials will resume peace talks in Turkey tomorrow, after Kyiv claimed that its forces have re-taken villages near two major cities under fierce attack. David Arakhamiya, a member of the Ukrainian negotiating team, today said on a Facebook video that another round of in-person negotiations will happen between 28 and 30 March. [...]
Ukraine: Antony Blinken says US not seeking regime change in Russia March 27, 2022 The US is not looking to pursue regime change in Russia in spite of comments made by Joe Biden yesterday, secretary of state Antony Blinken has said. The US President said last night in Warsaw that Putin was a “butcher” who “cannot remain in power”, before White House officials quickly backtracked and said Biden was [...]
Truss: UK could lift Russia sanctions if Putin withdraws from Ukraine March 27, 2022 The UK could lift its set of crippling economic sanctions on Russia if Vladimir Putin withdraws his troops from Ukraine and promises to commit “no further aggression”, foreign secretary Liz Truss has said. Truss said last night that an “off ramp” could be offered to Putin if he stops his invasion of Ukraine, but that [...]
UK minister says Russian regime change ‘up to Russian people’ in Biden rebuke March 27, 2022 Education minister Nadhim Zahawi has said it is “up to the Russian people” whether or not they remove Vladimir Putin in an apparent rebuke of Joe Biden’s comments in Poland yesterday. The US President said last night in Warsaw that Putin “cannot remain in power”, before White House officials quickly backtracked and said Biden was [...]
Ukraine forces hold off advance on outskirts of Kyiv as UK pledges more weapons March 23, 2022 Ukrainian forces fought back attempted Russian advances on the outskirts of Kyiv today as the UK promised to send more defensive weapons to the country. Kyiv mayor Vitali Klitschko said skirmishes had intensified on the outskirts of the capital, with Ukrainian forces allegedly securing “the small city of Makariv and almost all of Irpin”. Russia’s stalling [...]
Sunak gives National Insurance help and promises 2024 income tax cut March 23, 2022 Rishi Sunak has increased the income threshold for National Insurance in a £330 annual tax cut for employees, while also delivering a gloomy updated forecast for the UK economy. Sunak said in his spring statement that the threshold at which employees pay National Insurance will be lifted by £3,000 to £12,570 in what he called [...]
UK ‘not protected from economic consequences’ of Russia sanctions, say MPs March 23, 2022 An influential Westminster committee has claimed the British economy is “not protected from the economic consequences” of western sanctions against Russian oil and gas, and that Rishi Sunak must bring forward help to the country’s lowest earners. A report from the Treasury Select Committee said the UK government was “right to insist” on wide-ranging sanctions [...]
Exclusive: Sanctioned Russian bank to vote in City of London Corporation election March 22, 2022 Russia’s second largest bank VTB Bank will get a share of votes in the City of London Corporation election on Thursday, despite being severely sanctioned by the UK government. The powerful local authority allows businesses located in the City to have a certain number of votes, depending on how many staff they have, as only [...]
