Cost of living crisis to throttle UK economic growth, IMF warns April 19, 2022 A historic cost of living crunch that is being stoked by Russia’s invasion of Ukraine and strict lockdowns in China will disrupt Britain’s road to recovery, fresh forecasts published today by the world’s economic watchdog revealed. UK households are set to slash spending in response to rampant inflation eroding their living standards rapidly, choking growth [...]
‘Great British Rail Sale’ lambasted as website crashes April 19, 2022 The UK Government’s decision to sell one million train tickets at half price was lambasted today for excluding millions of commuters. Launched today, the “Great British Rail Sale” aims to help struggling Brits travel amid a cost-of-living squeeze but it only applied to advance fares or off-peak tickets for companies who don’t offer an advance. [...]
Cost of living crisis: High earners with salaries of at least £50k offered more and greater pay rises April 19, 2022 High earners are most likely to have been offered pay increases as the rising cost of living begins to bite, according to new research shared with City A.M. this morning. As inflation grew to its highest level in three decades and 22 million households brace themselves for soaring energy bills, a YouGov survey carried out on behalf of global [...]
Government considers scrapping green levies as households face spiralling energy bills April 19, 2022 The government could scrap a green levy which adds £153 to the average energy bill to ease the cost of living crisis facing households.
Millions of Brits cancel streaming services as cost of living crunch sets in April 19, 2022 More than 1.5 million people have cancelled streaming platform memberships in the first quarter of 2022, as the cost of living crunch closes in on entertainment firms.
Government announces half-price rail fares to help with living costs squeeze April 19, 2022 The UK Government is set to slash rail fares by 50 per cent to help struggling Brits with the cost of living squeeze. Transport secretary Grant Shapps announced more than one million train tickets will be reduced to help Britons afford trips across the UK and boost domestic tourism. The scheme is run on a [...]
Business growth derailed by cost of living crisis April 18, 2022 Businesses are ill equipped to cope with spiralling costs and soaring energy bills, fresh analysis has revealed.
Most employees push for remote working following fuel price surge April 18, 2022 Most employees are pushing for remote working patterns as a result of the surge in fuel prices. According to 3,000 people survey by recruiter Randstad, nine out of 10 cite the cost-of-living crisis, and in particular hiking fuel prices, as the main reason for remote working. “For people who have to drive, being hit by [...]
Easter Reads part two: the best in our opinion pages on politics, the economy and Ukraine April 18, 2022 The much debated Online Safety Bill was introduced on March 17. It means US tech giants finally have a set of standards to adhere to, to safeguard online communities. The piece of legislation, however, is a behemoth bill of confusion, writes Leah Montebello. It’s not clear yet what content counts as “harmful”, and who should [...]
Deliveroo teams up with UK food bank charity to combat cost of living crunch April 18, 2022 Deliveroo have announced a new partnership with a UK food charity to provide up to two million meals and support for people facing hunger across the country.