Bank of England target never been further out of reach as inflation accelerates to 30-year high January 19, 2022 The Bank of England has never been further away from its legal inflation target, revealed official figures released today. Spiralling inflation has heaped further criticism on the Bank’s decision to keep rates at record lows while UK inflation was taking off after the country emerged from the most onerous Covid-19 restrictions. The cost of living [...]
Half of UK households call on government and energy industry to do more to ease rising energy bills January 19, 2022 50 per cent of energy bill payers believe support from the government and energy industry has been inadequate during the current crisis.
UK inflation jumps to 5.4 per cent: Highest rate in almost 30 years January 19, 2022 The rate of Consumer Price Index inflation increased to 5.4 per cent in December from 5.1% in November, the Office for National Statistics has said. Grant Fitzner, chief economist at the Office for National Statistics (ONS), said: “The inflation rate rose again at the end of the year and has not been higher for almost [...]
Climate change personal responsibility is a myth to excuse the world’s emitters January 19, 2022 Consumers do have power in their pockets when it comes to tackling climate change. The meteoric rise of ESG in the financial services industry, for instance, has been driven by consumer demand. Equally, in the retail sector the term “sustainable” has become a benchmark for any quality clothing brand as a result of customers wanting [...]
Think tanks warn government to stop meddling in energy market January 18, 2022 The government should reconsider plans to further interfere in the domestic energy market argues multiple free market think tanks.
Brits’ living standards eroded by inflation spike casting doubt over economic recovery’s strength January 18, 2022 An inflation squeeze that is choking Brits’ pay packets is threatening to throttle the consumer led recovery. Brits’ take home pay is being corroded by the cost of living spiralling to the highest rate in recent history, revealed figures published yesterday by the Office for National Statistics. The damning data comes as the City braces [...]
Bulb Energy: What comes next for the fallen energy firm? January 18, 2022 The administrators of Bulb and its parent company are targeting a sale this spring after it fell into taxpayer-supported administration last winter.
Gas price crisis claims latest victim as Together Energy goes bust January 18, 2022 Council-backed energy supplier Together Energy has ceased trading with immediate effect amid soaring wholesale costs.
Omicron onslaught: Wave of bankruptcies as insolvencies climb with voluntary liquidations up by 73 per cent January 18, 2022 The latest monthly insolvency statistics, published this morning by The Insolvency Service for the month of December 2021, show that the number of registered company insolvencies in England and Wales is 33 per cent higher than the number registered than two years ago, just before the pandemic. These rises were particularly influenced by the higher [...]
Joseph Rowntree Foundation urges immediate support for low-income households amid deepening energy crisis January 18, 2022 The Joseph Rowntree Foundation (JFR) is calling for immediate emergency payments for low-income households to alleviate the cost-of-living crisis.