Business + Money

Rising borrowing costs and high inflation blamed for expected rent rise according to a leading think tank. Predictions from the Resolution Foundation say that there are ‘significant housing cost rises yet to come’. Borrowing Costs Highest in Almost Two Decades Following the interest spike caused by the disastrous Truss and Kwarteng budget, anyone with a … Read more

In a UK first move, Manchester has raised £2.8m by introducing a tourist tax. The money will be spent on marketing and maintenance of the city.  How Much is the Tourist Tax? The tax is better known as the ‘City Visitor Charge’, and it’s a £1 per room, per night fee. It was first introduced … Read more

According to reports, the Prime Minister was left “furious” with General Sir Patrick Sanders after he recently warned the public could face conscription if Britain was to go into an all-out conflict with Russia. UK Army Size Controversy Emerges General Sir Patrick Sanders recently claimed that the British army is too small to fight a … Read more

The London Borough of Havering was on the brink of financial collapse just weeks ago, but a loan of £54 million has now been accepted. With 26 councils in the UK teetering on the verge of bankruptcy, others won’t be so lucky. Budget Approval Amid Crisis Havering Council successfully signed off its budget after the … Read more

A survey from the Financial Conduct Authority (FCA) has shown that over 7 million UK adults are struggling to manage household finances. Increased Cost of Living to Blame The data in the report shows that the increased cost of living is to blame for financial stress, with mortgages, rents, utilities and food prices all increasing … Read more

Britain’s biggest mortgage lender, Halifax, reported that house prices fell in March – the first fall in six months for the UK housing market. Higher Borrowing Costs Cooling Market The lender said that higher mortgage rates stunted buying ability and appetite, leading to a 1% (£2,900) drop in average purchase price. The average UK property … Read more

In a revolutionary step, World Athletics has announced that it will award a cash prize of $50,000 to Olympic gold medal winners in its events. It’s the first governing body to issue financial rewards for Olympic prizes in history. Intention to Reward Success Announced In a press release on their website, World Athletics said: “World … Read more

Considering the UK is struggling with illegal immigration and self-imposed Brexit, the Home Office has released its new Statement of Changes.  New Statement Released Understanding immigration rules can be complicated at the best of times, but with the implementation of a 180-page statement, it is becoming difficult for all to grasp the new rules correctly. … Read more

Bank of England insider Megan Greene’s bold stance on interest rates disrupts market expectations, highlighting persistent inflationary pressures amidst divergent economic conditions. Here’s the full story. Nasty Shocks The UK economy has experienced a series of nasty shocks recently, with a cost-of-living crisis squeezing living standards, glacial wage growth, and the country officially being back … Read more

Following a disastrous set of local election results, the Tories are urged to move to the Right. Having lost a significant amount of vote share on issues such as immigration and tax rates, some Tories are urging a re-think to strategy. Reform Eating into Vote Share The biggest beneficiary of the Tory deserters is Reform. … Read more