Sunak cuts fuel duty to ease pressure on motorists March 23, 2022 Fuel duty will be cut by five pence per litre for the next 12 months, revealed Chancellor Rishi Sunak in the Spring Statement today.
Rishi Sunak’s Spring statement today: From fuel duty cuts to tax and energy bills March 23, 2022 The time has come for the Chancellor to unveil his spring statement, with the spotlight on how he intends to deal with the cost of living crisis. Rishi Sunak is set to vow to “stand by” British families as he is expected to outline further plans to support households facing financial hardship on Wednesday, which [...]
Rishi Sunak needs to tell a story if he wants to keep a hold on the economy March 23, 2022 In an interview with the Sunday Times earlier this month, Gordon Brown gave a quote that was both reflective of his past failings and the challenge that lies ahead for Rishi Sunak. “I’m afraid we didn’t win the argument. You learn as you get older, or at least more experienced, that the facts are not [...]
Will the world economy avoid an inflationary bust? March 23, 2022 Today’s high inflation is being compared to the 1970s. However, robust consumer spending, fuelled by pandemic savings, makes for a different set of circumstances. Memories of the 1970s were evoked as the price of Brent crude oil temporarily climbed above $139 a barrel in the wake of Russia’s invasion of Ukraine. That was a period [...]
UK inflation tops 6 per cent as households call on Rishi Sunak for cost of living respite March 23, 2022 The Consumer Prices Index (CPI) measure of inflation marked the largest monthly increase since 2009 last month. According to the Office for National Statistics (ONS), CPI rose 0.8 per cent in February 2022 on a monthly basis. This was compared to a rise of just 0.1 per cent in February 2021. CPI rose 6.2 per [...]
One in five Brits expect to fall into debt as cost of living soars March 22, 2022 One in five Brits are anticipating being plunged into debt by spiralling energy prices and the rising cost of living, fresh data has revealed.
Sunak resists calls to scrap tax hikes despite lower than expected borrowing March 22, 2022 The government borrowed much less than expected over the year so far, indicating Chancellor Rishi Sunak has room for giveaways at tomorrow’s spring statement. The UK borrowed nearly £26bn less than the fiscal watchdog expected in the year to February, the Office for National Statistics (ONS) said today, freeing up some room for the Chancellor [...]
Food industry: Government must act to tackle cost of living crisis as prices spike March 22, 2022 A food industry leader has called on the government to intervene to ease supply chain pressures on food firms as a cost of living crisis looms. Food and Drink Federation boss Karen Betts has urged ministers to act to help millions of households as they face rising food and energy prices this spring. Measures urged [...]
A ‘policy light’ spending review must still grapple with cost of living woes March 22, 2022 Chancellor Rishi Sunak wants onlookers to pay little attention to Wednesday’s spring statement. Policy-light has been the line from the Treasury. Very few have been tempted into believing the Chancellor will sit on his hands and Sunak’s announcements tomorrow are set to finally reveal his true preference for the level of state intervention in the [...]
Experts predict surge in NFT related fraud in 2022 March 21, 2022 The number of NFT related frauds jumped five fold in the UK last year with the rise likely to continue according to industry experts.