Lydia Amazouz
Tax Hike Alert: IFS Warns of £100 Billion as Immigration Surge Strains Britain’s Public Finances
The Institute for Fiscal Studies (IFS) has warned that Chancellor Rishi Sunak’s recent fiscal measures targeting workers and businesses are projected to result in an additional £100 billion in taxes…
UK Food Price Inflation Drops to Nearly Two-Year Low Amid February Dip
UK food price inflation reached its lowest rate in two years due to declining energy costs and intensified competition among supermarkets, providing relief for households amidst stretched budgets. Moderate Food…
UK’s Net Zero Economy Surges with 9% Growth in 2023, Report Reveals
A report reveals that the UK‘s net zero economy experienced a notable surge of 9% in 2023, in stark contrast to the marginal 0.1% growth observed in the overall economy.…
Red Sea Attacks Cause Severe Delays and Soaring Costs, Firms Sound Alarm
UK businesses are grappling with increased shipping expenses and delays of up to four weeks, attributed to Red Sea attacks, according to a statement from a prominent business group. The…
Public Services at Risk: Economists Warn of Planned Spending Cuts
As Chancellor Jeremy Hunt readies for another round of tax reductions in next week’s budget, economists caution that Britain’s extended public services will bear the burden of post-election spending cuts.…
New Visa Salary Rules: Local Workers to Face Lower Pay Than Migrants
Lawyers cautioned that under the upcoming new visa salary rules, UK workers face the potential of earning lower salaries than their foreign counterparts while performing identical job activities. This concerning…
Employment Opportunities Plummet as Interest Rate Impact Takes Hold
Employment opportunities have declined significantly, experiencing a notable 15% drop. This downturn comes amidst a backdrop of escalating borrowing costs and a broader economic recession within the UK. Employment Opportunities…
Bank of England’s Policies Pose Risk of Plunging Britain into Depression
The most influential banks globally are expressing scepticism about the Bank of England’s macroeconomic assessment. A concerning proportion believes that the Monetary Policy Committee has misinterpreted global developments and is…
UK Train Strikes: February and March 2024 Affected Dates and Lines
As February approaches its end, commuters face disruptions in rail services due to planned train strikes and an overtime ban by Aslef on Northern Rail and LNER services. Navigating the…
DWP Reveals Blueprint for £1.4 Trillion in Pension Assets to Boost Savings and Economy
The Department for Work and Pensions (DWP) has unveiled ambitious plans to optimize £1.4 trillion in pension schemes, aiming to enhance benefits for savers and contribute to the broader economic…
Nvidia Hits 2 Trillion Dollar Market Cap
In a stunning feat, Nvidia has entered the elite $2 trillion market value club, marking a historic milestone. This achievement comes hot on the heels of the chipmaker’s stellar earnings…
The UK’s Electronic Travel Authorisation System Set to Simplify Visa-Free Entry
Embarking on a new era in travel protocols, the United Kingdom has initiated its Electronic Travel Authorisation (ETA) scheme, signifying a pivotal shift in entry requirements for visitors to the…
Energy Bills to Drop: £238 in Yearly Savings Expected with April’s Price Cap Reform
In a promising development for UK households, energy bills are on the brink of reaching their lowest point in two years come April, thanks to a decisive move by Ofgem.…
Economic Rebound: UK Escapes Recession, Yet Faces Mounting Inflation Pressures
The UK’s economy, rebounding from a recent recession, exhibits resilience with robust growth in services firms. Despite a surge in business optimism, inflation concerns, heightened by the recent recession,…
Is the European Central Bank Playing FUD Against Bitcoin?
In a digital age where cryptocurrencies continue to stir debate, the reception to a recent European Central Bank (ECB) blog post critiquing Bitcoin has been notably contentious. As of today,…
Rate Cuts Urgency: Bank Policymaker Warns Delay Risks ‘Hard Landing’ for UK Economy
In a cautionary note, Swati Dhningra, a policymaker at the Bank of England, has expressed concerns about the potential consequences of delaying interest rate cuts until inflation further subsides. Dhingra…
Bank of England Announces Release of First Banknotes Featuring Charles III on June 5th
The Bank of England’s official announcement solidifies the introduction of banknotes adorned with the likeness of King Charles III, slated for release on June 5th. In a directive aimed at…
UK Train Strikes: February and March Dates and Affected Rail Services
Commuters felt relieved as the RMT union announced the cancellation of several scheduled train strikes following improvements in pay offers. However, concerns remain as London Overground employees continue to plan…
UK Fuel Prices Surge Following Red Sea Attacks
UK motorists have faced a significant £2 surge in petrol prices this month, attributed to escalating fuel costs amidst the ongoing Red Sea attacks. This sharp escalation underscores the susceptibility…
Jeremy Hunt Provided with Tax Boost as UK Posts Largest Monthly Budget Surplus
Jeremy Hunt received a pre-budget boost with the latest government borrowing figures revealing that the UK achieved a monthly budget surplus in January, marking a record since modern record-keeping began…
Bank of England Indicates Signs of UK Recovery Following Mild Recession
Indicating a positive turn in its economic trajectory, Britain exhibits signs of recovery following a mild recession, as affirmed by the Bank of England governor. The anticipation of a forthcoming…
UK Council Tax Surges: Nearly All Authorities Propose Maximum Increases
As local authority funding faces an acute crisis, fresh analysis reveals an alarming trend: the overwhelming majority of councils across the UK are gearing up to enact maximum council tax…
UK Pension Savers Face Potential Losses as Hidden Charges Remain Uncovered
Amidst the intricacies of fund transfers, a prominent pension provider has issued a stark warning to UK pension savers. The caution emphasizes the looming potential for significant financial losses in…
UK Middle Class Households Facing Financial Struggles Despite £60,000 of Yearly Incomes
Recent reports highlight that high housing prices and insecure jobs in Britain are causing UK middle class households to grapple with financial struggles in their journey to maintain decent living…
Wage Surge Predicted by Economists to Propel Britain Out of Recession
Economists are pointing to a potential emergence of Britain’s economy from recession, propelled by a significant surge in real wages. This wage surge is considered a pivotal factor in bolstering…
Will the Bank of England Deepen UK Recession?
The Bank of England faces the peril of exacerbating the UK’s recession unless it promptly reduces interest rates to alleviate the strain on households grappling with the relentless cost of…
UK House Prices Experience First Increase in Six Months
House prices in Britain have experienced a year-on-year increase for the first time in six months, reflecting a boost in demand from buyers and indicating a stabilization trend in the…
Demographic Ageing in Britain Signals Lower and Delayed State Pension Payments
Britain’s system faces the stark reality of struggling to meet the needs of an ageing population, warns Andy Briggs, the chief executive of life insurer Phoenix Group. Retirees are at…
UK Economic Growth Derailed by Record Long-Term Sickness Surge
After enduring years of austerity and weathering the storm of the Covid-19 pandemic, Britain’s economic growth faces a daunting reality an ailing workforce and businesses grappling with recruitment struggles. The…
Urgent Call for UK Savers to Secure High-Yield Accounts Amidst Cost of Living Surge
In a week marked by the announcement that inflation remains at 4% in January, a glimmer of hope emerges for savers, the possibility of securing a savings account with an…
UK Retirement at Risk: Potential £600,000 Shortfall
As the clock ticks on, signalling the inevitable journey toward retirement, a daunting revelation casts a shadow over the typical worker facing the stark reality of being left £600,000 adrift…
Tax Cuts Recommended by Sunak in Response to Byelection Setbacks
In the face of a looming national recession, Chancellor Rishi Sunak remains resolute in his assertion that the government can afford to implement tax cuts. Despite concerns about economic downturn,…
High-Demand Careers in 2024: Europe’s Job Landscape with IT and Sustainability Wave
According to LinkedIn, the dynamic landscape of job growth in Europe is currently being reshaped by the flourishing fields of IT, sales and marketing, data analytics, and sustainability. Unveiling a…
Ireland’s EU Citizenship Emerges as Top Choice for Third-Country Nationals
In a revealing glimpse into the aspirations of third-country nationals seeking EU citizenship, a significant majority has expressed a distinct preference for Ireland’s passport. Among the myriad choices available within…
Affordable Housing Construction in London Hits Standstill, Gove Reveals
Housing associations are cautioning the government about a concerning trend in London, where housebuilding is rapidly slowing down. Over the last 12 months, the construction of affordable homes in the…
FTSE Defies UK Recession: Surprising Market Resilience Amidst Economic Downturn
On Thursday, amidst the disheartening revelation that the UK economy slipped into a recession in the latter half of 2023, London’s financial markets, including the FTSE, and the pound…
Ever Wondered How Inflation Alters Prices? Unveiling the Shifts in Goods and Services Costs Across the UK
In the intricate mosaic of the United Kingdom’s economic landscape, the omnipresent force of inflation plays a pivotal role, subtly but significantly influencing the costs associated with everyday essentials. Inflation’s…
GDP Figures Confirm UK Recession, Dealing Blow to Rishi Sunak and Economy
Rishi Sunak’s vow to foster economic growth hits a dissonant note as the UK unexpectedly plunges into recession. Shadow chancellor Rachel Reeves asserts that Sunak’s commitment lies in tatters, painting…
Train Drivers’ Strike Set to Disrupt March Commutes
Following recent allegations of contract breaches by the Aslef union, train drivers from both Northern and LNER have announced plans to commence a series of strikes in the coming…
UK Housing Market Shows Signs of Recovery with Easing Price Falls
Official statistics project a forthcoming rebound in the UK housing market for 2024, spurred by a £4000 decline in house prices noted in the previous year. This anticipated recovery carries…
UK Households Struggle to Restore Past Living Standards Despite Inflation Easing
Despite recent efforts to stabilize inflation, complaints persist among UK households as they continue to feel the impact of rising prices. The Consumer Prices Index (CPI), which peaked in 2022,…
UK Inflation Maintains Stability at 4%, Defying Higher Expectations
Official data shows that UK inflation held steady at 4% in January, defying all the previous forecasts of a higher rise, as household goods’ and food prices drop counteracting the…
Bitcoin Rockets to $50,000 Milestone Driven by ETF Demand, First Time Since 2021
With a breathtaking ascent, Bitcoin teeters at the $50,000 mark, marking a stunning resurgence from the depth of crypto turmoil and uncertainty that once shrouded its future. After over two…
Bank of England Confronts Interest Rate Dilemma Amid Persistent Wage Growth
The situation facing Bank of England rate setters became more complex today as official data revealed that wages had increased more than expected by the end of 2023. This unexpected…
UK Pay Growth Slows, But Workers Still Drive Wages Up
Despite initial expectations of a slowdown, recent data indicates that pay growth in the UK has defied projections, continuing its upward trend. This persistence is noteworthy, particularly amidst challenges such…
Cost of Living Crisis Hits UK: Over 11 Million Britons Have Saved Less than £1,000
A recent report highlights the struggle of poverty-stricken households in the UK to establish financial resilience amidst the ongoing cost of living crisis. It reveals that over 11 million working…
Mentally Ill Inpatients in the UK Warned to Attend Jobcentre or Face Benefit Loss
In a concerning development, individuals receiving care as mentally ill inpatients have been instructed to participate in jobcentre meetings regarding their benefits, further exacerbating the challenges they already have to…
PM Rishi Sunak Vows Tax Cuts as Reward for Hard Work
In an effort to counter a substantial poll deficit against the Labour Party and address criticism from within his own party, Chancellor Rishi Sunak has endeavoured to present a more…
UK Faces Rising Inflation, Diminishing Prospects for Rate Cuts
The United Kingdom is poised to experience a second consecutive monthly increase in its inflation rate, dealing a setback to expectations of a potential interest rate cut by the Bank…
Warning Signs: Possibility of UK Recession Unveiled on Thursday
As the City awaits the new revelations next week, anticipation looms over the fate of the UK economy, hanging in the balance of whether it succumbed to a recession in…
