Economy, Interest Rates & Government Policy News

New figures from the Office for National Statistics show that wages are rising at their fastest rate for almost 10 years. The last three months to October have seen the biggest rise since November...

The wage increase has benefited 5 million workers since April 2018 without increasing unemployment. According to the Low Pay Commission’s 2018 Report, roughly 5 million workers above the age of 25...

Nearly 5,000 businesses will increase their staff’s salaries based on the independently calculated ‘Real Living Wage’. The current compulsory National Living Wage stands at £7.83, for those aged 25 or...

It was confirmed on Thursday that the UK’s base interest rate of 0.75% will remain unchanged, but the Bank of England warned the rates could rise next year depending on the nature of Brexit. The...

Here are some of the most important takeaways from the chancellor’s Autumn Budget: Personal taxes and wages There are some big changes concerning income tax and the National Living Wage. The income...

The Chancellor of the Exchequer has announced that the 2018 Budget will be scheduled for Monday 29 October. The Autumn Budget has been brought forward by a month by Philip Hammond and several key...

September, usually an important selling month in the automotive industry, saw a 20% drop in new car sales compared with the same time last year. The drop in sales is attributed in part to car makers’...

Workers are still feeling the effects of the 2008 financial crisis, with wages still down 3% from a decade ago, according to an analysis from the Institute of Fiscal Studies.Median annual salaries...

The UK government has come under fire for scrapping plans to cut tax by over £150 per year for self-employed workers. Called “yet another betrayal of the self-employed” by shadow chancellor Mr...

Many parents in ow income households who work full time are struggling to meet their families the most basic requirements according to recent research. The Cost of a Child Report released by the Child...