Nearly half of UK mortgage holders are set to see their payments rise over the next three years, according to the Bank of England (BoE). The central bank estimates that around 4.4 million mortgages will experience higher payments by 2027, with 420,000 households facing hikes of £500 per month.more
Poland is well on its way to becoming a European power, and Sweden can learn a lot from its Baltic neighbour, Swedish media report, praising Poland's high economic growth, as well as low unemployment and investments in armaments.more
Poland and Estonia are the only countries where the results of more than half of the quality of life indicators have systematically improved in the years 2010-2023 - the Polish Economic Institute reported, citing an OECD report. It was also noted that the subjective assessment of life satisfaction of Poles is growing.more
In 2023, only 9.7 million bicycles will be produced in the European Union, a quarter less than in 2022, according to Eurostat data. Poland, which produced 800,000 bicycles last year, is one of the largest producers of two-wheelers in the EU.more
Tax rises in the Budget have made it more difficult for firms to "take a chance" on hiring people, according to one of Britain's most prominent business groups.more
Warsaw has moved up four places in the Global City Ranking and is currently in 61st place in the ranking of 156 agglomerations from around the world - according to a report by the international consulting firm Kearney.more
An additional 50,000 pensioners will be living in relative poverty next year as a result of cuts to the winter fuel payment, the government's own estimates have revealed. more
Policymakers have been “left in the dark,” by official jobs figures since the pandemic, which may have “lost” almost a million workers according to the thinktank Resolution Foundation.more
Thousands of people have protested in London over changes to inheritance tax for farmers announced in the Budget.
The prime minister said he understood farmers' concerns and "wants to support" them but added "the vast majority" would be unaffected.more
High domestic energy prices are likely to be "the new normal" with a slight rise predicted for January, according to consultancy Cornwall Insight.
A home using a typical amount of gas and electricity will pay £1,736 annually from the new year, according to the forecaster.more
Emergency doctors have sounded the alarm over an approaching winter crisis that they say is already putting patients in overstretched A&E departments at risk.more
Rachel Reeves’s tax raid risks turning high streets into “ghost towns” for much of the week, as pubs, restaurants and shops prepare to shut earlier and open on fewer days.more
The Bank of England governor has urged ministers to “rebuild relations” with the EU, warning that Brexit has undermined the UK’s economy.
Speaking at the Mansion House dinner in the City of London on Thursday evening, Andrew Bailey said he took no position on Brexit “per se”, but added: “I do have to point out consequences.”more
Improvements to Oxford Street may not happen for a number of years because of the way Sadiq Khan is attempting to seize control of the nation’s most famous high street, according to local campaigners.
A total of 22 residents’ groups and amenity societies in Westminster have written to the mayor asking him to think again about his intervention on Oxford Street.more
Legislation will be introduced to restrict licences for new coal mines as UK embraces clean energy future.The UK is to become one of the first countries in the world to ban new coal mines.more
More than 100 Post Office branches and some 1,000 jobs are at risk under a sweeping overhaul as the group looks to boost postmaster pay by £250 million over five years.more
Grocery price inflation rose again in October but households shrugged off increases with a four-year high in supermarket shopping trips, figures show.
Supermarket prices were 2.3% higher than a year ago last month, up slightly on September’s 2% increase but still within “typical levels”, according to analysts Kantar.more
Hundreds of schools in England are still at risk of collapse from crumbling concrete, according to previously unpublished figures.
Official data, which the Information Commissioner’s Office (ICO) found had been wrongly withheld by the Conservative government, confirmed the presence of reinforced autoclaved aerated concrete (Raac) at 235 Department for Education (DfE) sites.more
The way smart energy meters work in northern England and Scotland is causing issues for customers, BBC Panorama has been told.
The body that represents energy companies, Energy UK, has confirmed for the first time there is a regional divide - because of the way meters send usage data back to suppliers. more
The UK’s jobs market has shown further signs of cooling after a rise in unemployment in September while pay growth slowed, as business leaders warned the budget could hit hiring demand and lead to higher prices.more
The economic policies announced by US President-elect Donald Trump could elevate the exchange rate of the US currency; a strong dollar would in turn affect global trade and finance, stifling growth in other parts of the world, the UK's ‘Economist’ weekly assessed.more
"The worst effects of Brexit are yet to come," warned Tulip Siddiq, the economic secretary at the British Treasury, who was quoted as saying by the Independent. According to her, 60 percent of the economic effects of Brexit have not yet been realized.more
Regulated train fares in England are to increase by 4.6% next year, while the price of most railcards will rise by £5, the government has announced.
The increases were not mentioned by the chancellor in her Budget speech to the House of Commons earlier on Wednesday, but it was instead noted in the Treasury's budget document. more
