Jul 8, 2022 | Current Affairs
Data released by the British Retail Consortium (BRC) suggests shoppers are returning to the high street amid the cost of living crisis. The total UK footfall improved by 2% in June 2022 compared to the month before, with the overall footfall sitting at 10.5% compared...
Jul 7, 2022 | Current Affairs
Newly-appointed Chancellor of the exchequer Nadhim Zahawihas said he aims to tackle rising tax bills as soon as next week. Mr Zahawai took over the role after Rishi Sunak's resignation this week (5 July) and has been quick to announce plans to deal with the economic...
Jun 27, 2022 | Current Affairs
Retail sales fell in May by 0.5%, following a rise of 0.4% in April, with consumer confidence falling and food purchases declining. The Office for National Statistics' figures showed a 1.6% reduction in food spend in shops, linked to the rising cost in food prices and...
Jun 22, 2022 | Current Affairs
Inflation in the UK has increased to 9.1%, the highest rate in 40 years, figures from the Office for National Statistics show. The increase in May, measured by the consumer price index (CPI), is the second rise since April, when inflation reached 9%. The rise in CPI...
Jun 17, 2022 | Current Affairs
The Bank of England's (BoE) monetary policy committee has voted by a majority of 6-3 to raise the interest rate from 1% to 1.25%. The minority of the MPC voted to raise the rate even further to 1.5%, but were outvoted. Now, the level of interest is the highest it's...
