Brits scramble to borrow more than £100bn with average loan hitting £5k as cost of living crisis deepens August 31, 2022 Brits will borrow £101.1b on new credit cards, loans, overdrafts and other forms of new credit arrangements in the next 12 months, new data shows today, Research undertaken by YouGov on behalf of financial services review platform Smart Money People, found that 71 per cent of people currently have less disposable income than they would [...]
Live music faces ‘existential threat’ as energy crisis dawns August 30, 2022 The music business has warned that venues and studios are in the midst of an “existential threat” amid the energy crisis and lack of support.
Inflation could soar to over 22 per cent if gas prices stay high, Goldman warns August 30, 2022 Inflation could soar to the highest level since 1975 if global gas prices do not fall from their historic highs, a Wall Street investment bank warned today. The cost of living would climb to a peak of 22.4 per cent if the energy watchdog is forced to heap even more woe onto households by passing [...]
Half of Brits not received a pay rise in over a year despite inflation skyrocketing August 30, 2022 Nearly half of all UK workers have been waiting more than 12 months for a pay rise, as inflation hits 10.1 per cent. As the cost of living crisis puts pressure on household finances, research from Aspire – a recruitment agency – has found that 32 per cent of workers will look to change roles in the [...]
What are the best FTSE 100 dividend stocks for September 2022? August 30, 2022 In this new inflationary reality, the best FTSE 100 dividend stocks are not just those which are highest yielding, but also those which are most likely to continue to pay their dividends through what could become a severe recession. The FTSE 100 is by its nature defensive, down a mere 1% year-to-date. But with the downturn almost [...]
Truss refuses to reveal cost of living plans until she has the keys to No 10 August 30, 2022 Members of Liz Truss’s team have confirmed the Tory leadership frontrunner will not finalise her plans for crucial cost-of-living support before receiving the “full support and advice” only available to the government of the day. The public will likely be forced to wait to find out what help they will get with skyrocketing energy bills [...]
Sunak confidant hints at ‘targeted support’ in cost of living crisis as he warns higher incomes won’t be safe either August 30, 2022 DCMS minister Matt Warman, who is supporting Rishi Sunak in the Tory leadership battle, spoke this morning in favour of targeted support during the rising cost of living, acknowledging “that is going to affect people somewhat higher up the income scale as well”. He told Sky News this a.m.: “I think for me the most [...]
London 2012 Paralympics: Why the legacy of the Games has fallen short August 29, 2022 Ten years on from the London 2012 Paralympics, Helen Rowbotham assesses the Games’s legacy. Sport should be accessible to everyone, irrespective of race, gender, economic background or whether you are disabled or not. It’s not new to say that participation is a good thing and leaving a sporting legacy was a big part of what [...]
EXCLUSIVE: So Energy calls for insulation boost to ease winter crisis August 29, 2022 The Government should help households ease demand and drive down soaring bills, says So Energy co-founder Simon Oscroft.
Boris Johnson warns against capping energy bills for everyone August 26, 2022 Boris Johnson has warned against capping energy bills for all households as this would benefit rich energy users at the expense of the vulnerable.