House of Commons passes Economic Crime Bill

MPs voted for legislation to tackle "dirty money" hidden in the UK on Monday this week after months of delay to receive a third unopposed reading. The Economic Crime Bill aims to make it more difficult for individuals to hide wealth in the UK, particularly those from...

First budget surplus during COVID-19 pandemic

The UK's labour market recovery brought in higher-than-expected tax revenues in January 2022, bringing public finances into the black for the first time during the COVID-19 crisis. Data from the Office for National Statistics showed that strong tax receipts meant...

Retail sales pick up in January after December slump

Retail sales rose by 1.9% in January 2022 following a fall of 4% in December 2021, data from the Office for National Statistics shows. Sales are 3.6% above their pre-coronavirus levels in February 2020 and grew in the twelve months to January 2022 by 11.6%. Automotive...

Inflation wipes out wage growth

Although wages grew in Q4 2021, total and regular pay fell year on year by 0.1% and 0.8% respectively when adjusted for inflation. According to the Office for National Statistics, total pay - which includes bonuses - grew by 4.3%, while regular pay grew by 3.7%. But...