UK economy faces stagnation until 2025

The British Chambers of Commerce (BCC) has adjusted its GDP forecasts, revealing a stagnant UK economy until the close of 2025. The BCC's Quarterly Economic Forecast anticipates sluggish growth with rates of 0.6% in 2023, 0.4% in 2024, and a marginal rise to 0.6% in...

One in four Brits borrow money over Christmas.

New research from the Money and Pensions Service (MaPS) reveals that one in four Brits are planning to borrow money for Christmas and other religious and cultural holidays in the next three months. The survey, conducted among 3,016 UK adults, indicates that 26% of...

Challenges loom for UK retailers

The British Retail Consortium (BRC) has voiced concerns to Prime Minster Rishi Sunak about the potential repercussions of the cost of living crisis on retailers. The consortium cited Government measures, including Brexit red tape and higher business rates outlined in...

Pensioners top-up benefit deadline approaches

Pensioners on a low income have been urged to check if they qualify for the state pension top-up benefit, pension credit, as the Department for Work and Pensions (DWP) warns that the deadline for applications is less than two weeks away. Those who apply by 10 December...