Jul 14, 2023 | Current Affairs
Monthly GDP fell by 0.1% in May after growth of 0.2% in April, according to the Office for National Statistics (ONS), suggesting the economy remains on shaky ground. In the three months to May 2023, GDP has "shown no growth" when compared with the three months to...
Jul 12, 2023 | Current Affairs
Growth in regular pay excluding bonuses grew by 7.3% in March to May 2023, latest figures from the Office for National Statistics show. However, when adjusted for inflation, pay actually fell by 0.8% during this period. Similarly, real pay fell by 1.3% in February to...
Jul 7, 2023 | Current Affairs
Business confidence in the UK economy plummeted in June, according to a recent survey from the Institute of Directors (IoD). The IoD's directors' economic confidence index, which measures business leaders' optimism in the UK economy, fell to -31 last month, down from...
Jun 27, 2023 | Current Affairs
The Adjudicator's Office has criticised HMRC, saying "too many people" receive inadequate customer service from the tax authority. According to a new report from the HMRC watchdog, it received 950 complaints about HMRC in 2022/23. While the number of complaints was...
Jun 23, 2023 | Current Affairs
The Bank of England (BoE) has raised the base interest rate from 4.5% to 5%, a steeper increase than most forecasters expected. In a meeting on Thursday (23 June), the Bank's Monetary Policy Committee voted to raise the rate by a majority of seven to two, marking the...
