Apr 13, 2022 | Current Affairs
The Office of National Statistics (ONS) confirmed that inflation has risen to 7%, the highest it has been in 30 years. The data, released today (13 April) shows the Consumer Prices Index (CPI) rose by 7% in the 12 months to March. The Bank of England believes the...
Apr 7, 2022 | Current Affairs
Gross domestic product (GDP) is now only 0.1% below pre-pandemic levels, according to estimates from the Office for National Statistics (ONS). Following a decline of 9.3% in 2020 overall, GDP rebounded by 7.4% in 2021 overall. In the last quarter of 2021, it grew by...
Mar 23, 2022 | Current Affairs
Chancellor Rishi Sunak will deliver his Spring Statement in Parliament this afternoon. This type of event usually involves chancellors setting out figures about the UK economy, but many people want Sunak to go further and announce measures to combat the cost-of-living...
Mar 18, 2022 | Current Affairs
The Bank of England has increased the bank rate by 0.25 percentage points to its pre-pandemic level of 0.75%. The Bank's monetary policy committee (MPC) voted on 16 March 2022 by 8-1 for the increase in interest rates, with just one member preferring to maintain rates...
Mar 17, 2022 | Current Affairs
The UK employment rate increased by 0.1 percentage point between November 2021 and January 2022 to hit 75.6%, according to the Office for National Statistics. The number of payrolled employees increased by 275,000 in February 2022 to a record 29.7 million. However,...
