Oct 14, 2022 | Current Affairs
Company insolvencies in England and Wales have hit their highest quarterly levels since 2009, according to the Office for National Statistics (ONS). The total number of insolvencies in Q2 2022 was 5,629. However, this is still significantly lower than the 6,943...
Oct 13, 2022 | Current Affairs
The UK economy shrank by 0.3% in August, according to new data from the Office for National Statistics (ONS). This decrease in GDP was unexpected following a 0.1% growth in July, and strengthens concerns the UK will soon fall into recession. GDP also fell by 0.3% in...
Oct 10, 2022 | Current Affairs
The Bank of England (BoE) is reinforcing its bond buying scheme in an effort to further support the economy. New measures are being introduced for the final week of the purchase scheme, which will end on Friday (14 October). Firstly, the BoE will increase the size of...
Oct 7, 2022 | Current Affairs
A new survey from the British Chambers of Commerce (BCC) reveals that business confidence declined significantly in Q3 compared to Q2 of this year. Of the 5,200 firms that took part in the BCC's quarterly economic survey, four in ten (39%) businesses believe they will...
Oct 6, 2022 | Current Affairs
A typical two-year fixed rate mortgage has hit 6.07%, the highest figure since the 2008 financial crisis, according to financial information service Moneyfacts. Mortgage rates have been rising throughout 2022, but there was a significant increase after the mini budget...
