Apr 14, 2022 | Current Affairs
Retail sales have slowed this year, a report from the British Retail Consortium (BRC) shows. The statistics, which cover the 5 weeks from 27 February to 2 April, show that UK retail sales increased by 3.1%, against an increase of 13.9% in March 2021. Sales decreased...
Apr 13, 2022 | Current Affairs
The Office of National Statistics (ONS) confirmed that inflation has risen to 7%, the highest it has been in 30 years. The data, released today (13 April) shows the Consumer Prices Index (CPI) rose by 7% in the 12 months to March. The Bank of England believes the...
Apr 7, 2022 | Current Affairs
Gross domestic product (GDP) is now only 0.1% below pre-pandemic levels, according to estimates from the Office for National Statistics (ONS). Following a decline of 9.3% in 2020 overall, GDP rebounded by 7.4% in 2021 overall. In the last quarter of 2021, it grew by...
Mar 23, 2022 | Current Affairs
Chancellor Rishi Sunak will deliver his Spring Statement in Parliament this afternoon. This type of event usually involves chancellors setting out figures about the UK economy, but many people want Sunak to go further and announce measures to combat the cost-of-living...
Mar 18, 2022 | Current Affairs
The Bank of England has increased the bank rate by 0.25 percentage points to its pre-pandemic level of 0.75%. The Bank's monetary policy committee (MPC) voted on 16 March 2022 by 8-1 for the increase in interest rates, with just one member preferring to maintain rates...
