Oct 6, 2022 | Current Affairs
A typical two-year fixed rate mortgage has hit 6.07%, the highest figure since the 2008 financial crisis, according to financial information service Moneyfacts. Mortgage rates have been rising throughout 2022, but there was a significant increase after the mini budget...
Oct 5, 2022 | Current Affairs
The pound has risen to the highest level for two weeks ($1.14) following the Government's U-turn on slashing the top rate of income tax. Sterling is on track for its sixth daily rise in a row, continuing to recover from its record low of $1.03 last Monday (26...
Sep 15, 2022 | Current Affairs
A new report by the Office for National Statistics (ONS) shows that consumer price index (CPI) inflation has gone down to 9.9% in August, compared to 10.1% in July. Statistics for July saw inflation hit its highest level in 40 years, brought on by the cost of living...
Sep 14, 2022 | Current Affairs
Employees' pay fell by an average of 2.6% from May to July 2022 when adjusted for inflation, according to an Office for National Statistics (ONS) report. Average total pay is growing too slowly to keep up with soaring prices, only growing by 5.5% over the same period....
Sep 13, 2022 | Current Affairs
A report from the Office of National Statistics (ONS) estimates that gross domestic product (GDP) grew by 0.2% in July 2022. This follows a decline in June, which saw the economy shrink by 0.6%. While 1.1% above pre-pandemic levels, GDP still remains below the level...
