Take the interest payable on central government debt: not horribly high in September, but in fact third lowest since monthly records began in 1997. The reason is that on about a quarter of its outstanding debt, the government pays interest linked to the old-fashioned Retail Prices Index measure of inflation, which has dropped sharply over the past year.
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Fitch downgrades US credit rating from AAA to AA+
admin, , Business, 0
“In Fitch’s view, there has been a steady deterioration in standards of governance over the last 20 years, including...
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Insurer cuts word ‘energetic’ from job ads to woo older applicants
admin, , Business, 0
The employment rate for people aged between 50 and 64 has been increasing steadily since the mid-1990s, and in...
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Triple lock pension pledge suspended for one year
admin, , Business, 0
“It will ensure the basic and new state pensions increase by 2.5% or in line with inflation, which is...
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Families face debt squeeze as prices keep rising
admin, , Business, 0
Prices, as measured by inflation, are currently rising at a rapid rate – the fastest since 1992. This means...
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Contactless card limit to rise to £100 in October
admin, , Business, 0
“Raising the contactless card limit to £100 would likely make card theft more attractive, increasing a broad range of...
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Accountancy giant KPMG to recruit more working class staff
admin, , Business, 0
The UK ranks 21st on a global social mobility index, well behind most European countries. It has a high...
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Petrol retailers told to pass on fuel duty cut
admin, , Business, 0
The RAC believes that supermarkets often wait for long sustained drops in wholesale prices before they cut their forecourt...
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Musk in China to discuss enabling full self driving
admin, , Business, 0
The NHTSA said that despite requirements that drivers maintain focus on the road and be prepared to take control...
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