Economy, Interest Rates & Government Policy News

Brexit, Budget announcements, Bank of England rate decisions, GDP/growth, employment, wages and tax policy.

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UK Out of Recession, but Growth Still Slowing

UK Out of Recession, but Growth Still Slowing

By Harry Pererra | Published: 16.11.2020

The UK economy is showing signs of slowing down despite rebounding out of recession from July to September.The Office for National Statistics (ONS) said that the 15.5% growth from July to September...

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UK Economy Set to Shrink by 8% in 2020

UK Economy Set to Shrink by 8% in 2020

By Harry Pererra | Published: 16.06.2020

A leading economic forecaster has predicted that the UK economy will shrink by 8% this year, and will take until 2023 to recover from the damage caused by the coronavirus pandemic.The latest official...

Bank of England Slashes Interest Rates Again, to Record Low of 0.1%

By Lauren Smith | Published: 20.03.2020

The Bank of England cut interest rates for the second time in two weeks, to bolster the economy against the coronavirus epidemic. The latest cut, announced Thursday, took interest rates from 0.25% to...

Bank of England Slashes Interest Rates to Bolster Economy During Pandemic

By Lauren Smith | Published: 12.03.2020

The Bank of England has announced an emergency cut to interest rates in an effort to limit the economic impact of the coronavirus pandemic. In its first emergency meeting since the 2008 financial...

Nearly One Million Missed the Self-Assessment Deadline and Face Fines

By Lauren Smith | Published: 05.02.2020

Nearly one million people missed the Friday deadline for filing self assessment tax returns and will face fines of at least £100.A record-breaking 11.1 million taxpayers submitted self assessment...

UK Employment Hits All-Time High

By Fergus Cole | Published: 21.01.2020

Employment levels in the UK hit record levels in November, according to the Office for National Statistics (ONS). The latest figures from the ONS revealed that the UK employment rate reached 76.3% in...

National Living Wage to Rise to £8.72 from April

By Lauren Smith | Published: 31.12.2019

The national living wage for workers over 25 will rise 51p from April, from £8.21 to £8.72, the government has announced.The 6.2% increase is four times the rate of inflation, which clocked in at 1.5%...

Pound Jumps After Conservatives Win Landslide Election Victory

By Fergus Cole | Published: 13.12.2019

The pound made its biggest jump against the dollar in nearly three years after it was clear the Conservatives had won a big majority in the General Election. Boris Johnson’s Conservative Party won the...

What Would a Labour Government Mean for Your Finances?

By Fergus Cole | Published: 22.11.2019

The 2019 General Election is just under three weeks away, so what would a new Labour government mean for your finances? In terms of higher education, Labour's leader Jeremy Corbyn has promised to...

Rise in Real Living Wage to Give Boost to Thousands Before Christmas

By Fergus Cole | Published: 11.11.2019

An increase in the ‘real living wage’ will result in a pre-Christmas pay rise for hundreds of thousands of UK workers. The Living Wage Foundation has increased the real living wage to £9.30 an hour,...