EDF Energy calls for more household support as price cap prediction jumps £6,500 August 23, 2022 Half of British households are facing fuel poverty this winter, unless the Government does more to help ease energy bills, warned EDF Energy (EDF) – one of the UK’s big five energy suppliers A household is considered to be in fuel poverty if it has to spend 10 per cent or more of its disposable [...]
Inflation surge pushes UK economy to edge of stagnation August 23, 2022 Brits reining in spending amid a historic inflation surge has steered the UK economy to the edge of “stagnation,” a closely watched survey released today shows. S&P Global’s flash composite purchasing managers’ index (PMI), which measures activity across the private sector, dropped to 50.9 this month, down from 52.1 in July. The figures indicate “the [...]
Rishi Sunak vows to make UK ‘science superpower’ if he becomes PM August 22, 2022 Rishi Sunak has set out his plans to make the UK a “science and technology superpower” on the eve of the Birmingham Tory leadership hustings. Sunak tonight said he would increase annual public spending on Research and Development to £20bn, up from around £15bn, by 2024-25 if made Prime Minister. He also vowed to create [...]
Starmer looks Down Under to Australian Labor for election blueprint August 22, 2022 David Milliband once said only politically “brilliant” leaders can win elections from the centre-left in Western countries. He was referring to the type of once in a generation progressive politicians – like Sir Tony Blair, Barack Obama, Bill Clinton and Harold Wilson – who swept to electoral victories on the back of their stunning personal [...]
Inflation to peak at more than 18 per cent, reckon Citi forecasters August 22, 2022 Inflation is set to surge above levels seen during the oil price shock in the late 1970s in a sign the UK economy is hurtling toward a long slump, new forecasts published today show. The cost of living will climb to 18.6 per cent in January, pushed higher by the energy watchdog hiking the cap [...]
EXCLUSIVE: Number of firms fined for deliberate corporation tax misinformation hits four-year high August 22, 2022 The number of businesses fined by HMRC for deliberately obscuring their corporation tax affairs has climbed to its highest level in four years, exclusive figures obtained by City A.M. reveal. The tax man last year penalised 62 firms for purposefully sending incorrect information to possibly slash the amount of corporation tax they pay, up 35 [...]
Poll shows Tory members still prefer Johnson to remain PM despite Truss 66 point lead August 22, 2022 With just two weeks to go in the Conservative leadership race, a new poll has claimed Boris Johnson is still more popular than Liz Truss and Rishi Sunak. Figures released by YouGov shows Liz Truss has 66 per cent Tory members’ support compared to Rishi Sunak, on 34 per cent. The 32-point lead however pales [...]
Inflation has pushed the political vibes into depths Friedman cannot reach August 22, 2022 We are experiencing the politics of feelings, of “vibes”. These may not adhere to strict logic but their power should not be underestimated.
London faces higher inflation than rest of UK, new figures show August 22, 2022 Astronomical renting costs in the capital have led to a higher inflation rate in London than the rest of the UK, according to new figures released by City Hall. The figures show underlying inflation has been 1.5 per cent higher in London than the rest of the country over the past six months, after annual [...]
Weekend Read: Is Britain headed for a summer recession? August 21, 2022 Britain has met the first half of the technical recession definition, meaning there is a small chance we are headed for a summer recession. The Bank of England thinks the country will tip into the longest recession since the financial crisis in the final three months of this year. Figures published last week by the [...]