UK Household Financial Struggles Soar Amid Cost-of-Living Crisis
The latest research from the consumer group Which? unveiled that 9.8 per cent of surveyed households admitted to missing or defaulting on payments for loans, credit cards, housing, or household bills during that period.
UK Announce Climate Aid At COP28 After Second Earthquake Rocks The Philippines
After a violent earthquake rocked the Philippines for the second time in two weeks, Sunak announced that the UK will be providing countries vulnerable to climate change with funding.
Sunak Accused of Misrepresenting UK Climate Aid Ahead of COP28 Attendance
Charities and NGOs accuse the government of changing how it calculates climate spending to claim it will exceed targets.
Nottingham City Council Issues Notice Signalling Financial Distress
Nottingham City Council issued a Section 114 notice, revealing that the chief financial officer was unable to produce a balanced budget for the current year.
Bank of England Warns of Potential Market Correction Amidst Economic Uncertainties
The House of Lords Economic Affairs Committee released a report that critiques the Bank of England's scope of operation amidst the current cost of living crisis.
Starmer Says Tories In "Open Revolt" As Sunak Left Red-faced At PMQs
At the start of his premiership, Sunak had promised to "stop the boats" but his Rwanda Bill was declared illegal by the Supreme Court.
UK Retailers Continue to Struggle From Economic Uncertainties and Changing Consumer Habits in November
The fashion and clothing sector, traditionally a cornerstone of the UK retail landscape, continues to face headwinds, according to recent reports.
Central Banks Risk Tipping UK and Other Developed Countries Into Recession
The report highlights the risk of a vicious cycle, where low interest rates fail to stimulate meaningful economic growth and cause a recession.
Tories Slammed For Brexit After Bank of England Says It Has 'Chilled' UK Economy
The financial impacts of Brexit have left UK business investment levels "chilled", according to the Deputy Governor of the Bank of England.
Hunger Crisis Looms Over Chad as Funding for Food Aid Wavers
Without immediate and substantial financial support, vital food distributions to Chad will be halted, exacerbating the suffering of vulnerable communities.
UK Shoppers Anticipate Reduced Black Friday Purchases Amidst Cost of Living Crisis
The cost of living crisis has caused consumers to be more wary of buying non-essentials this Black Friday due to inflation after the pandemic.
The Economy, Stupid? UK PM Sunak's 'Only' Chance Of Re-election
UK leader Rishi Sunak's hopes of turning around his beleaguered Conservative party's fortunes before a likely general election next year hinge on a British economic recovery, observers say.
UK Government Announces Plans for Further NatWest Stake Sale, Invites Public to Invest
Chancellor Jeremy Hunt disclosed the UK government's intention to explore options for divesting its remaining 38.6 per cent stake in NatWest Group.
Rishi Sunak's Decision to Scrap Free NHS Prescriptions Draws Criticism for Impact on the Most Vulnerable
Sunak is scrapping free NHS prescriptions that have been a vital lifeline for individuals with chronic conditions, low-income families, and the elderly.
Hospitality Workers Are Increasingly Optimistic Despite The Negative Impacts Of Brexit
The Business Confidence Survey reveals that hospitality leaders in Britain are becoming increasingly optimistic despite the challenge of Brexit business rates and inflation.
MPs Push For School Curriculum To Include Compulsory Financial Education
MPs have launched an inquiry that sets out to teach all students – aged 11 to 16 – about money management amid the cost of living crisis.
Retail Workers Say They Are Regularly Abused By Customers
According to the charity, Retail Trust, one-third of retail workers said that they are victims of customer abuse on a weekly basis.
UK Inflation Falls Sharply, Relieving Pressure On PM Sunak
UK inflation hit the lowest level in two years last month after consumer prices fell sharper than expected on easing energy bills, official data showed Wednesday, relieving a cost-of-living crisis and pressure on embattled Prime Minister Rishi Sunak.
UK Inflation Plunges to Lowest Figure in 2023 At 4.6% as Sunak on Track to Meet Annual Target
In September, inflation stood at 6.7 per cent, as many people across the UK continue to struggle with the cost-of-living crisis.
UK Ministers Urged to Expand Financial Support for Cost of Living Crisis
With the cost of household gas and electricity remaining notably elevated, the cost of living crisis continues to plague Britons.
Three Indian Cities Among The Top Ten Most Polluted Cities In The World
The air pollution level in some parts of Delhi was 30 times the prescribed WHO limit.
WeWork Bankruptcy a Warning to Others – What Can Be Learned
The loose culture that characterised WeWork should have served as an ominous warning sign but the board clearly missed or ignored it.
International Authorities Express Deep Concerns For Gaza Civilians
The UN conference brought together dozens of nations, aid agencies and international organisations to discuss the current humanitarian crisis in Gaza.
Food Inflation Expected to Subside by Easter, Amidst Global Economic Stability
This optimistic forecast comes from George Weston, the CEO of Associated British Foods (ABF), a conglomerate that oversees brands like Kingsmill Bread, Twinings Tea and Silver Spoon Sugar, along with the Primark budget clothing chain.
Researchers Say That UK Businesses Could Benefit More From Immigration
Sunak's focus on the "overall migrant figures" has been dubbed as an "obsession" that does not recognise the contribution of skilled migrants to British businesses.
Government Denies NHS Request for £1 Billion Bailout Amid Strikes
NHS England will announce on Wednesday an allocation of £800 million to assist health service trusts in addressing the financial challenges brought about by industrial action and preparing for the upcoming winter season.
UK Housing Market Poised for Recovery as Savills Forecasts Bottoming Out in 2024
Savills, a fancy estate agency, says that the worst might be over, and house prices are expected to stop falling by next summer.
Boris Johnson Asked If Hairdryer Could Fight Covid: Ex-aide
Former prime minister Boris Johnson asked the UK government's top scientific advisors early in the pandemic if a "special hairdryer" could be used against Covid, it emerged on Wednesday.
Israel In Talks With EU To Displace Gaza Civilians To Egypt Amidst US Attempts To Fund It
Israel prepared a 10-page concept paper to systematically permanently displace Gaza civilians to Egypt's Sinai peninsula within a week after the Hamas attack on Israel which could harm Egypt-Israel relations.
Israelis Are Fighting To Free Their Captured Families From Hamas
The IDF estimates that around 240 people are still being held hostage by Hamas in Gaza, including a nine-month-old baby. I spoke to Gil Dickmann about how he is leading the efforts to bring the hostages back home.