Economy, Interest Rates & Government Policy News

Worse than expected economic performance at the start of the year has led Bank of England’s Monetary Policy Committee to hold off on increasing the base rate above 0.5%. The decision comes despite the...

Promising figures collated three months prior to February show that the long squeeze on wages could be coming to an end with salaries overtaking the rate of inflation. In February, annual consumer...

The Royal Society for the encouragement of Arts, Manufacture and Commerce (RSA), has proposed offering everyone in the country £10,000. They argue that the payment, which would come in two separate...

Concerns have been raised by a recent HMRC decision to ban people from paying their self-assessed tax bill via the post office, with a ban on paying via personal credit cards to come into effect soon....

Worrying new figures show that the UK is facing is biggest fall of living standard since records began 60 years ago. The Resolution Foundation analysis in the wake of the chancellor’s budget...

Following Chancellor Philip Hammonds unveiling of the Autumn Budget last week, we thought it would be helpful to give you a breakdown of some of the key changes announces, and unpack their...

After much discussion of the possibility of over the past few months, the Bank of England decided earlier this week to raise the base rate of interest from 0.25% to 0.5%. The rate rise comes despite...

Employees of the more than 3,600 firms voluntarily paying their staff the living wage will see a pay rise after the Living Wage Foundation raised the rate both in and out of London. The current legal...

It has emerged that Britain is currently £490 billion poorer than previously believed, as well as having perilously few foreign assets. The Office for National Statistics (ONS) had overestimated both...

Following months of pressure, the Government has decided to raise the much-maligned 1% annual cap on pay increases for public sector workers. It was announced that police officers would receive a 2%...