Prices, as measured by inflation, are rising at a rate of 9% a year, the fastest for 40 years. Interest rates, which also affect the cost of living, were increased to 1.25% on Thursday by the Bank of England – the highest they have been for 13 years.
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Bank ‘optimistic’ as it edges closer to summer cut
admin, , Business, 0
But Darren Jones, shadow chief secretary to the Treasury, said while it was the Bank of England’s “independent right”...
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OECD: Lockdowns here to stay, even with vaccine plan
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“Once we’re out of the crisis, the economic fabric would have been preserved thanks to these measures, then we...
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Sri Lanka central bank governor submits resignation amid crisis
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With him in charge, the bank said: “Sri Lanka was able to maintain sound and stable macro-economic fundamentals, with...
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Retail sales rebound in January as Omicron eases
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“The solid rise in retail sales volumes in January adds to the signs that the Omicron-induced hit to activity...
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Warning poorest households are struggling to get £150 energy rebate
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Rochdale Borough Council is processing 50,000 direct debit rebates and has just started to mail out letters to the...
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‘Five-day office week will become the norm again’
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Jessica Bowles, director of strategy at commercial property developer Bruntwood, which operates in Manchester, Birmingham, Leeds and Liverpool, told...
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Ryanair boss O’Leary says the era of €10 flights is over
admin, , Business, 0
As airfares have become cheaper in recent decades, the number of flights taken has risen, with more people taking...
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Heathrow delays: Emirates agrees to cap summer ticket sales
admin, , Business, 0
“Emirates agreed the airline was ready and willing to work with the airport to remediate the situation over the...
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