UK’s GDP growth surpasses expectations

Gross domestic product (GDP) was expected to grow by 0.6% in the first quarter of 2024, but slightly surpassed this despite a 0.3% decline in the previous quarter. While GDP showed no growth in April, Q1 saw a 0.7% increase, 0.3% higher than the same quarter in 2023...

Energy price fluctuations expected this year

Domestic gas and electricity prices have dropped, but costs will rise again in October. Ofgem's new price cap for England, Wales and Scotland has reduced a typical household's annual energy bill by £122, bringing it down to £1,568-the lowest in two years. However,...

Over 25% of people looking for a new role

New research has found that 45% of workers have increased their workloads, and 62% experience a faster pace of work. Consequently, many are turning to artificial intelligence (AI) for assistance. The survey revealed that 62% of people have seen their workplaces speed...

Council tax debt crisis escalates

As councils nationwide face financial constraints, council tax debt has surged by 9% in the past year. This represents a 71% increase since pre-pandemic levels, when the debt stood at £3.5 billion, as more residents struggle with council tax bills. Debt charity...

Bank of England hints at future rate cut

The Bank of England (BoE) indicated it may cut interest rates in August, marking the first reduction over four years. On Thursday, the Bank decided to keep interest rates at a 16-year high of 5.25% in a closely contested vote. Recent data showed inflation slowing to...