May 6, 2022 | Current Affairs
Interest rates have increased to 1% from 0.75%, their highest level since 2009 and the fourth consecutive increase since December. The Monetary Policy Summary (MPC) voted on 4 May 2022 by a majority of 6-3 to increase the rate by 0.25%. The Bank of England said it...
Apr 27, 2022 | Current Affairs
A survey carried out by the Federation of Small Businesses (FSB) has found that 55% of small firms don't see any potential for growth over the next year. Out of the 1,200 SMEs surveyed, 87% confirmed that costs are up compared to last year, with 60% citing the fuel...
Apr 25, 2022 | Current Affairs
The latest retail report from the Office for National Statistics (ONS) has shown a drop in retail sales over March. In the report, the ONS stated that non-essential retail sales and online sales both dropped over the month, a reflection of the rising cost of living. A...
Apr 19, 2022 | Current Affairs
Economic growth slowed in February 2022 compared to the start of the year, according to the Office for National Statistics (ONS). The latest ONS figures show that GDP rose by 0.1% in February compared to a 0.8% increase in January, in part due to a sharp drop in the...
Apr 14, 2022 | Current Affairs
Retail sales have slowed this year, a report from the British Retail Consortium (BRC) shows. The statistics, which cover the 5 weeks from 27 February to 2 April, show that UK retail sales increased by 3.1%, against an increase of 13.9% in March 2021. Sales decreased...
