Economy

State Pension Rates - A UK Pensioner Holding In His Hands UK Money

UK Pensioners to Receive £900 Boost in State Pension Rates from April 2024

Economy

The Department for Work and Pensions (DWP) is poised to implement a significant increase in state pension rates. UK pensioners are set to receive a substantial increase in state pension...

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UK Mental Health Patients to receive £184 a Week From Department for Work and Pensions
- Economy
If you are living in the UK and suffer from a mental health condition that affects your daily life, you may be eligible for financial help from the government. Often...
Arezki Amiri 27/03/24
UK Food Inflation Falls to 4.5%, the Lowest Level Since February 2022
- Economy
British food inflation has reached its lowest level since February 2022, prior to Russia's invasion of Ukraine, says industry data. The data suggests that rising food costs are finally beginning...
Arezki Amiri 26/03/24
UK Risks Market Chaos Due to Debt Glut, Warns Treasury
- Economy
UK banking officials and pension fund managers have expressed concern about the potential market failure of long-term government Bond auctions, which could plunge the country into financial turmoil similar to...
Arezki Amiri 23/03/24
UK Government Borrowing Surpasses Expectations in February Despite Economic Recovery Signs
- Economy
The recent borrowing figures of the UK government have been a surprise to many. The nation's finances seem to be under more strain than anticipated, with a reported borrowing of...
Arezki Amiri 21/03/24
UK Treasury to Lose £15 Billion in Fuel Tax Revenues by 2029 Due to Freeze and EVs
- Economy
By 2029, the UK is expected to lose £15 billion in fuel tax revenue, a warning from the nation's budget watchdog that underlines the need to raise or replace fuel...
Arezki Amiri 18/03/24
London Population Reaches New Records due to Migration Surge
- Economy
London's population reaches new record heights amid surging migration rates and a reversal of the pandemic's 'race for space'. London Population on the Rise amid Surging Migration Levels According to...
Lydia Amazouz 18/03/24
McDonald’s: Systems Outage Leaves Customers Unable to Place Orders
- Economy
McDonald's was hit by technical issues on Friday morning, leaving customers across the UK and around the world unable to process their food orders. McDonald's Faces Global IT Issues Consumers...
Lydia Amazouz 15/03/24
Inheritance Tax: Surprising Repercussions for Thousands of Wealthy Families
- Economy
According to recent data, over 13,000 wealthy households were hit with unexpected inheritance tax bills as high as £1.4 million on lifetime gifts after the donor's passing, within seven years...
Lydia Amazouz 14/03/24
UK Weather Forecast : Persistent Rain, Some Frost and Potential Snow This Week
- Economy
The UK is set to experience more rainy weather, according to the latest update from the Met Office. As the week progresses, rainfall totals are expected to rise, particularly in...
Arezki Amiri 14/03/24
Budget 2024: Jeremy Hunt’s Key Announcements at a Glance
- Economy
UK Chancellor Jeremy Hunt's Budget 2024 announcement may have left you wondering about the impact on your finances. Substantial changes are on the horizon, with key measures on tax, benefits,...
Arezki Amiri 06/03/24
London and the South East’s Economy Outperforms the Rest of the UK Despite Levelling Up Efforts
- Economy
Regional disparity in the UK's economy remains deep, as the gap between the prosperity of London and the South East and that of the rest of the country continues to...
Arezki Amiri 04/03/24
UK Budget 2024: £800M Allocated to NHS and Police Technology Reforms
- Economy
The UK Treasury has unveiled its plans for an £800 million budget package of technology reforms aimed at improving the efficiency of the NHS and the Police Service. Chancellor Jeremy...
Arezki Amiri 03/03/24
UK Trade Volumes at Lowest Level in Five Years : Brexit Blamed
- Economy
The United Kingdom has seen a significant fall in its trade volumes in recent years, marking the biggest five-year fall on record. Economists attribute this decline largely to the impact...
Arezki Amiri 02/03/24
Clare Lombardelli to Succeed Broadbent as Bank of England Deputy Governor
- Economy
In a major move from the Bank of England, Clare Lombardelli has been appointed Deputy Governor of Monetary Policy (DGMP), succeeding Ben Broadbent. Approved by His Majesty the King, Clare...
Arezki Amiri 29/02/24
Bank of England Indicates Signs of UK Recovery Following Mild Recession
- Economy
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...
Lydia Amazouz 20/02/24
Cryptocurrency: How the UK Became The World’s Third-largest Holder of Bitcoin
- Economy
The UK has become a major player in the holding and trading of bitcoin. Recent data reveals a persuasive fact: the UK now ranks third globally in terms of the...
Arezki Amiri 19/02/24
OECD Stresses Priority: Central Banks Must Tackle Inflation Before Considering Interest Rate Cuts
- Economy
Central banks must ensure they have fully addressed inflation concerns before considering interest rate cuts this year, according to the Organization for Economic Co-operation and Development (OECD). Despite revising its...
Lydia Amazouz 06/02/24
Upcoming Rail Strikes in Northern England: Major Disruptions and Economic Toll Expected
- Economy
Upcoming rail strikes in the north of England will halt all Northern and TransPennine Express services on Wednesday, causing widespread disruptions. The Night Time Industries Association highlights the substantial economic...
Lydia Amazouz 02/02/24
Will the Bank of England Begin Cutting Interest Rates Despite Improving Inflation ?
- Economy
Analysts are increasingly noting the Bank of England's likely recognition of the unexpected progress in curbing inflation. However, the central bank remains hesitant about initiating interest rate cuts. The Bank...
Lydia Amazouz 29/01/24
European Central Bank Holds Steady, No Hint of Rate Cuts Ahead
- Economy
On Thursday, the European Central Bank decided to maintain its current interest rates, emphasizing a commitment to keeping them elevated for an extended period. The central bank's primary objective is...
Lydia Amazouz 27/01/24
Strong Quarter Sparks Optimism for U.S. Economy, Averting Recession Concerns
- Economy
- US Economy
In the most recent quarter, the U.S. economy encountered an unforeseen deceleration, surpassing predictions and fostering optimism about steering clear of a recession. Despite the slowdown, the performance outstripped forecasters'...
Lydia Amazouz 26/01/24
A Rewiring in the World’s Greatest Debt Market Will Change the Trading Course
- Economy
SEC Chair Gary Gensler who previously supervised federal debt market management at the U.S. treasury, has advocated a move that requires almost all the treasury trading to move to a...
Lydia Amazouz 22/01/24
The Richest Doubled Their Wealth While Global Impoverishment Surges, Oxfam Reveals
- Economy
Since the onset of the 2020 global health crisis, the wealth of the richest individuals has reportedly doubled, creating a stark contrast to the widespread impoverishment and hunger faced by...
Lydia Amazouz 18/01/24
Inflation Impact on Rate Cuts Amid Potential Economic Decline
- Economy
The European Central Bank's Chief Economist warned that ongoing inflation threats may prevent the ECB from implementing rate cuts this year, despite acknowledging the possibility of an economic downturn. Euro-zone...
Lydia Amazouz 16/01/24
Bitcoin ETF Approval Countdown: Excitement and Anticipation Build as Deadlines Loom
- Economy
Bitcoin and other cryptocurrencies investments have known a major rise in the past few months amid Bitcoin ETF anticipation. The enthusiastically expected Bitcoin ETF approval is likely in the next...
Lydia Amazouz 10/01/24
Need to go shopping on New Year’s 2024 ? Here is the list of open stores
- Economy
The start of a new year often means a day of rest and relaxation for many individuals. However, some people may find themselves in need of supplies or wanting to...
Samir Sebti 31/12/23
Will 2024 Social Security Reforms Cut Your Income? Find Out How
- Economy
In recent years, Social Security has undergone several changes affecting recipients in different ways. While some alterations have been positively viewed, like the forthcoming 3.2% increase in benefits for 2024,...
Samir Sebti 20/12/23
Easyjet confirms order for 157 Airbus A320neo Aircraft
- Economy
Low-cost airline easyJet has confirmed an order for an additional 157 aircraft from the A320neo family, following approval from its shareholders. The firm order includes 56 A320neo and 101 A321neo...
Samir Sebti 19/12/23
Apple Watch: Why are they being removed from the US market ?
- Economy
In a surprising turn of events, Apple announced the removal of its latest smartwatch models, Series 9 and Ultra 2, from the United States market due to potential regulatory complications....
Samir Sebti 19/12/23
Wells Fargo Strategist: Now is the Time to Buy Value Stocks
- Economy
Christine McDaniel, a senior strategist at Wells Fargo Securities, recently shared her favourable outlook on value stocks in an interview with Yahoo Finance. Despite the recent market volatility, McDaniel outlined...
Samir Sebti 18/12/23
Gas Prices Decrease Amid High Inflation: A Ray of Hope for US Economy
- Economy
In the ongoing battle to tame inflation, the decreasing price of gasoline emerges as a positive development, even if the Federal Reserve's policies have little to do with this change....
Samir Sebti 18/12/23
Oil Prices Continue to Fall for Seven Consecutive Weeks: Factors and Market Impacts
- Economy
The price of oil has been on a steady decline, with US oil futures experiencing their seventh consecutive week of drops. This marks the longest losing streak in five years....
Samir Sebti 18/12/23
Netflix Unveils its Audiences in a First Engagement Report
- Economy
In the world of streaming, audience numbers have remained rather secretive. However, that has changed as Netflix recently unveiled some previously coveted information about its audiences. In a first-ever engagement...
Samir Sebti 17/12/23
Record Number of Parcels in Circulation Despite Inflation Concerns
- Economy
With a few days remaining until Christmas, parcel delivery platforms are operating at full capacity. In fact, all players in the sector are seeing an increase in the number of...
Samir Sebti 17/12/23
Tesla Recalls 2 Million Cars over Automated Pilot Accidents and Promises a $25,000 Model 2
- Economy
Rising Accident Rates Lead to Tesla Recall In an unexpected turn of events, Tesla has decided to recall almost 2 million vehicles due to concerns about accident rates with their automated...
Samir Sebti 16/12/23
Amazon Partners with Hyundai to enter the new car sales market
- Economy
Amazon announced its entry into the brand-new car sales market through a collaboration with Hyundai at the Los Angeles Auto Show. Up until now, only browsing available offers for cars...
Samir Sebti 16/12/23