Johnson sacrificed the Tories low tax reputation and will pay the price for it January 18, 2022 THE TORIES are becoming a high-tax party because they have become a low-growth party. So said the Shadow Chancellor Rachel Reeves recently. And she’s right. The Conservative Party has increased taxes to a 71-year high. Government spending is the most it has been since the late 1970s. Meanwhile, our economic recovery remains fragile. Despite solid [...]
Inflation to near 30-year high as Brits prepare to tighten their belts January 17, 2022 The cost of living in Britain will swell to its highest level in nearly three decades, some of the City’s leading economists warned today. Soaring energy bills, compounded by a sharp rise in the price of second-hand cars and petrol costs, will drive inflation to 5.3 per cent, according to Sanjay Raja, Deutsche Bank’s senior [...]
How could you invest to beat inflation? January 17, 2022 With rising inflation, many are starting to see how investing their money can lead to better returns. On New Year’s Day, many kickstart January with a New Year’s resolution. Some give up chocolate, while others exercise more. A few take up a new hobby. But a handful resolve to spend less and save more money. [...]
The Claim Game: MPs charge taxpayers £30,000 for second home energy bills January 17, 2022 Taxpayers coughed up £30,000 for the energy bills of MPs' second homes in the first five months of last year alone, according to The Daily Mirror.
Two-thirds of Brits say rising cost of living has hampered savings January 17, 2022 The rising cost of living is having a detrimental impact on UK savings, with 66 per cent of people saying that the rising cost of living has had an impact on their ability to save money.
Millions of Brits to be plunged into ‘fuel stress’ as experts downgrade UK economic forecasts January 17, 2022 Millions of Brits are set to be plunged into fuel stress when the energy watchdog hoists the cap on bills, reveals a new study published today. The number of households languishing in fuel stress will treble overnight to 6.3m when the new energy price cap takes effect on April 1, research carried out by the [...]
Brits shrug off cost of living squeeze and rush to snap up homes January 17, 2022 Brits are shrugging off the cost of living crisis and higher mortgage costs and are rushing to snap up homes, reveals a new study published today. A housing market frenzy in 2021 triggered by the pandemic engineering a mass shift in housing preferences and the stamp duty holiday has bled into the new year. The [...]
BBC to swallow licence fee freeze to buffer cost of living January 16, 2022 The BBC is set to swallow a two-year license fee freeze, which could see the broadcaster having to find savings of more than £2bn over the next six years. Ministers will unveil the plan this week, though it has been reported to be one of a number of announcements being tabled in Downing Street in [...]
Michael Gove has finally entered the cladding fray, but the fight isn’t over January 14, 2022 Among the political shambles of this week, something remarkable happened: someone stepped in to say a word or two about how to fix the cladding crisis. This someone was the Secretary of State for Levelling up, Housing and Communities, Michael Gove. His intervention was met with relief that an issue which has languished on the [...]
Energy price crisis: What can the government do to protect the poorest households? January 13, 2022 City A.M. looks over some of Downing Street’s potential options to reduce the cost of energy bills for the UK's poorest households.