Aug 16, 2022 | Current Affairs
The Office for National Statistics (ONS) has announced that regular pay fell at a record rate of 3% between April and June this year. Not only did wages fall for workers around the country, but the rising cost of energy bills and higher fuel and food prices continued...
Aug 12, 2022 | Current Affairs
The Office for National Statistics (ONS) has estimated that UK gross domestic product fell by 0.1% over Q2 2022. Services fell by 0.4%, with the largest impact being health and social work activities. Real household consumption decreased by 0.2% but was offset by net...
Aug 5, 2022 | Current Affairs
The Bank of England (BoE) has increased the interest rate to 1.75%, the first rise of half a per cent in over 20 years. The latest increase is the fifth rise since December 2021, with the BoE arguing that it's needed to tackle soaring inflation. CPI inflation is...
Aug 4, 2022 | Current Affairs
SME growth has dropped by 20%, and business confidence is faltering, figures from the Association of Chartered Certified Accountants (ACCA) reveal. Some 75% of SMEs now plan on expanding, down from 94% in April, which could lead to stagnation if this trend continues,...
Aug 2, 2022 | Current Affairs
The Bank of England (BoE) has scrapped mortgage affordability tests to make it easier for people to find a suitable loan. First announced in June, the affordability tests were scrapped as of Monday (1 August), meaning requirements that forced borrowers to be able to...
