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Moving up the social ladder in Britain has become harder than at any point in more than half a century for children born into poor households, according to the country’s foremost economic thinktank.more

Sadiq Khan has called on the Government to freeze Help to Buy loan payments, as he warned of the capital’s deepening mortgage crisis.more

The international financial system will soon face major shocks, partly due to persistent inflation, slowing economic growth and "historically high" global debt, Klaas Knot, head of the Dutch Central Bank (DNB), warned G20 leaders.more

UK workers’ living standards will flatline next year, leaving them on track to be 4% worse off heading into the next election than they were in 2019, according to a leading thinktank.more

Pressure from budget cuts, inflation and social care has left several town halls struggling to meet costs this year and more could be at risk next year.more

Wilko is shutting six of its stores in London, with 49 more shutting across the UK. Around 1,016 jobs will be made redundant as a result, though it's not known how many are specifically in London.more

The astonishing scale of the housing affordability deficit for renters in London is revealed in new analysis showing the chasm between renters’ budgets and average asking rent in each borough.more

Londoners are spending an average £10,000 a year more on essential bills than they were in 2010, new analysis has claimed. Housing was the biggest driver of rising costs in the capital, with tenants paying an average £18,418 per year, up from £13,270 in 2010, while home owners have seen average mortgage payments rise £7,322, from £10,988 to £17,519 a year. more

UK food inflation has been slowing down month-on-month, but it still remains stubbornly high with shoppers yet to feel a substantial difference. British Retail Consortium (BRC) data suggests it dropped to 11.5% in August from 13.1% in July and 17.4% in June, suggesting there is some light at the end of the tunnel.more

There are new rules on student loans, immigration, baby seats, rubbish disposal and cryptocurrency. A number of rule changes are coming into force in September with updates to how you get benefits or contact the Department for Work and Pensions - and we could get more detail on the next £300 cost of living payment. The Government announced that the next payment to help people with paying bills woumore

Large parts of the country will have no train services on Friday as the latest major strike action takes place. Members of Aslef, the train drivers' union, who work at more than a dozen train companies, have walked out and will to work refuse overtime on Saturday. Up to 20,000 RMT union members at 14 operators will also strike on Saturday in a long-running dispute more

Campaigners fear thousands more people face benefit deductions because of tax credit debts they didn't know about. In excess of 800,000 households on universal credit received less money last year because they were previously awarded too much in tax credits, the BBC has found. More people will go on to the scheme from September. more

Self-employed drivers will be able to claim tax relief on the daily Ultra Low Emission Zone (Ulez) charge.more

Thousands of people across the country are still eligible to apply for a £400 grant to help with the cost of living. The Household Support Fund was announced by the UK Government on September 30, 2021 with more money added to the fund this April.more

Around 95pc of staff at HM Revenue and Customs staff work remotely at least one day in the working week, The Telegraph can disclose. That is higher than in the first national pandemic lockdown, when the proportion of HMRC staff working away from the office rose to 92pc, up from around a third in 2019, according to data obtained through a Freedom of Information request.more

Britain’s retailers are planning to axe jobs and cut investment over the coming months as signs emerge of a deepening slump in spending by consumers, the latest snapshot of high street and online activity has shown.more

Millions of UK households are at risk of becoming ill because they are not switching on their heating when it is cold, a watchdog has warned. A Which? survey of 4,000 people found high energy bills had led to almost nine in 10 households (85%) trying to cut back on their energy usage, while nearly half (46%) said they had not turned their heating on when it was cold last winter.more

An annual energy bill for a typical household will fall to £1,923 in October under regulator Ofgem's new price cap. The maximum price of each unit of gas and electricity for 29 million households in England, Wales and Scotland is governed by the decision.more

Housing is more affordable than a year ago, according to the UK's biggest mortgage lender, but high mortgage rates mean it is still a stretch. more

After the peak of the price increase in spring, it seemed that the dynamics would start to decrease from month to month, but despite the so-called government shield for producers, bread is getting more and more expensive again and everything points to increases in the coming months, informs "Rzeczpospolita".more

The majority of Wilko stores are expected to shut with the loss of thousands of jobs after a white knight failed to step forward to rescue the collapsed retailer. The family-owned household and garden products retailer, which has about 400 stores and employs almost 12,500 people, will leave big gaps on high streets after the failure of talks with interested parties forced it to call in administramore

Virgin Media has been accused of unfairly increasing broadband prices for millions of customers in a move that has been condemned as “potentially unlawful”. The consumer rights group Which? has accused the telecoms company of applying “aggressive” inflation-linked mid-contract price increases while making it difficult for customers to cancel their deal without paying high exit fees.more

It is now cheaper to rent a home than to buy one for the first time since 2010 because of the rise in mortgage rates. more

UK will provide £192 million in loan guarantees to Ukraine's state-owned company Enerhoatom to strengthen Ukraine's energy security, the British government announced today after a visit to Kiev by Energy Security Minister Grant Shapps.more

Even if the plan to send illegal immigrants to Rwanda works, the cost of keeping others in Britain will rise to more than £5 billion a year over the next five years, warned the Institute for Public Policy Research (IPPR) think tank.more