Price soars expected on 1 April

On 1 April, a day nicknamed National Price Hike Day, expect increases in various services and taxes. BT, EE, Plusnet, and Vodafone customers will see a 7.9% rise, while Virgin Media and O2 are increasing prices by 8.8%. Sky customers can anticipate a 6.7% rise....

Treasury warned over new SME rules

Economic Secretary to the Treasury, Bim Afolami, engaged in discussions with challenger bank executives this week, focusing on regulatory challenges hindering their ability to increase lending amid the UK's economic recovery efforts. Attendees included Monzo,...

Increased shopping boosts economy

In January, the UK economy saw a slight growth of 0.2%, as reported by the Office for National Statistics (ONS). This growth was primarily fueled by increased sales in both physical and online stores, along with more construction activities. The services sector, which...

Retail figures shift through February

UK retail sales in February 2024 increased by 1.1% year-on-year, a slowdown compared to the 5.2% growth observed in February 2023, show new figures from the British Retail Consortium (BRC). This rise falls short of the 3-month average growth of 1.4% and the 12-month...

Spring Budget: OBR looks ahead

The Office of Budget Responsibility (OBR) has reacted to the Chancellor's Spring Budget announcement. In his speech, Jeremy Hunt outlined a plan aimed at building long-term growth in the UK, focusing on creating a high-wage, high-skill economy to stimulate more...