Sep 25, 2023 | Current Affairs
Britain's decision to delay a ban on fossil fuel cars may not have a significant impact on the pace of transition to electric vehicles (EVs). However, the news still angered automakers, who are worried about the delay's effects on supply chains and investment...
Sep 22, 2023 | Current Affairs
Following news of yet another drop in inflation to 6.7%, the Bank of England (BoE) voted to maintain the current interest rate at 5.25%, bucking the trend of increasing interest rates that began in late 2021. Members of the Monetary Policy Committee (MPC) voted 5-4 to...
Sep 21, 2023 | Current Affairs
The UK's annual inflation rate slowed to 6.7% in August amid weaker growth in food prices and falling hotel and air travel costs. Last month's 0.1% drop in inflation from 6.8% in July marks the sixth consecutive decline in the headline rate. This does not mean that...
Sep 19, 2023 | Current Affairs
Corporate insolvencies increased by 33.6% in August 2023 as long-term economic issues continue to affect UK businesses. Last month saw a total of 2,308 insolvencies, up from 1,728 in July and 18.9% higher compared to August 2022's figure of 1,941. Looking at the...
Sep 18, 2023 | Current Affairs
The UK economy shrank by 0.5% in July, according to the Office for National Statistics (ONS), reinforcing fears of a recession in the second half of 2023. Poor weather conditions and industrial action contributed to the contraction. The ONS said that strikes by junior...
