Criticising ‘wealth hoarding boomers’ is ageist stereotype, MPs warn February 19, 2025 Criticism of older people as “wealth hoarding boomers” is a form of ageist stereotyping, a report by MPs has warned. Ageism is “widespread and culturally embedded” in the UK and discrimination laws are currently “failing” older people, the MPs have said. The Women and Equalities Committee of MPs concluded the UK has a “pervasively ageist [...]
NS&I announces Premium Bond prize rate cut February 19, 2025 NS&I, the government-backed savings provider, has announced it will cut the Premium Bond prize rate from four per cent to 3.8 per cent in April. The rate had already decreased from 4.15 per cent to four per cent at the beginning of the year. More than 24m people own Premium Bonds, making it the nation’s [...]
Business secretary accused of false CV claim to be a solicitor February 19, 2025 Business secretary Jonathan Reynolds has been accused of falsely claiming that he was a solicitor before being elected as an MP, despite only being a trainee. The cabinet minister – who is responsible for the UK’s businesses and international trade – has previously described himself as a solicitor, including on his LinkedIn profile, according to [...]
How will inflation impact Bank of England interest rate decisions February 19, 2025 The first inflation figures of the year confirmed what many had already known: Inflation will rise significantly in 2025.
‘Alarm bells’ for Bank of England as inflation accelerates to three per cent February 19, 2025 Inflation picked up faster than expected at the start of the year, official data shows, as concerns grow about the persistence of price pressures in the economy. The headline rate of inflation picked up to 3.0 per cent in January, according to new figures from the Office for National Statistics (ONS). This was up from [...]
Labour market ‘creaking rather than cracking’ following Budget February 18, 2025 There's been a growing air of pessimism around the labour market since Labour's maiden Budget, and with good reason.
Wage growth accelerates again as concerns about inflation rise February 18, 2025 Wage growth accelerated again in the final quarter of last year, new figures show, in a reminder that the UK economy still faces sticky price pressures.
Sweeney should get RFU bonus if he earned it. He didn’t, so shouldn’t February 18, 2025 England Rugby’s CEO Bill Sweeney should get a hefty pay package, but only if the numbers add up. They don’t, so he shouldn’t, argues Matt Hardy Should the chief executive of a major organisation receive a bonus for the work they do? For some it will depend on where they stand on the morality of [...]
Value of UK housing stock hits £9 trillion for the first time February 17, 2025 The total value of all homes across the UK has passed £9 trillion for the first time, according to new research by property firm Savills. After a brief slump in 2023, the UK’s housing stock grew by £346bn last year – meaning it is now more than 3.5 times the annual GDP of the UK. [...]
Borrowing boom to boost banks February 17, 2025 Banks have been given a boost after new data predicted borrowing growth would rise throughout 2025. After the Bank of England slashed interest rates three times in the last six months, research from EY Item Club anticipates total UK bank lending will rise to 3.7 per cent this year, up from 2.3 per cent in [...]