Jun 17, 2022 | Current Affairs
The Bank of England's (BoE) monetary policy committee has voted by a majority of 6-3 to raise the interest rate from 1% to 1.25%. The minority of the MPC voted to raise the rate even further to 1.5%, but were outvoted. Now, the level of interest is the highest it's...
Jun 14, 2022 | Current Affairs
In its latest business finance review, UK Finance found the demand for cashflow finance for SMEs is returning to normal. According to the report, the gradual return to asset-based lending is caused by the ending of COVID-19 restrictions and increasing cost pressures...
Jun 13, 2022 | Current Affairs
Statistics from the Office for National Statistics show a 0.3% contraction in GDP over April 2022. For the first time since January 2021, April was the first month that all sectors contributed to the decrease. This contraction follows a further 0.1% drop in March of...
Jun 7, 2022 | Current Affairs
UK businesses saw an increase in footfall during the Queen's Jubilee weekend, research from the British Retail Consortium (BRC) shows. The figures show total UK footfall increased by 6.9% over the four-day weekend compared with the average for May 2022. The increase...
May 31, 2022 | Current Affairs
MPs have been warned by chief of Ofgem Johnathan Brearley that the energy price cap will rise in October from £1,971 to £2,800. During the Business, Energy and Industrial Strategy Committee meeting on 24 March, Brearley told MPs the figure was provisional but based on...
