Households could see their fuel bills cost more than their monthly mortgage payments next year as energy prices skyrocket, energy consultants have warned.
Many people are set to see their disposable incomes shrink significantly in the new year with some seeing the cost of their utility bills catching up with, or overtaking, their mortgage.more
At the beginning of the fourth quarter of this year. Great Britain's economy will enter a recession due to high inflation - forecasts Goldman Sachs. It added that the Bank of England will probably raise interest rates by 50 bp in September. GDP growth in 2023 may be negative and will amount to -0.6%.more
The poll conducted by the Pollster Research Institute on behalf of "Super Express" shows that Poles are not satisfied with the way the government is dealing with the rising prices of products and services - writes in today's issue of "Super Express".more
Brits are to have a more considered approach to Christmas shopping this year as inflation takes it toll on spending, placing more emphasis on value and meaningful gifting.
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The coming months will be difficult because of rising energy prices, but Russian President Vladimir Putin is solely to blame for this and giving way to him to lower bills would be madness, wrote British Prime Minister Boris Johnson in an article for the Mail on Sunday.more
Not only the lowest earners, but also those on middle incomes will need government help with rising energy prices, UK Finance Minister Nadhim Zahawi warned yesterday.more
Shoppers may not be able to get the Christmas goods they want if disruption at the Port of Felixstowe rumbles on into next month, supply chain experts have warned.
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People are being warned about the consequences of not paying their energy bills, as a campaign to refuse payment gathers support.
Gas and electricity bills are set to soar, with a typical household bill rising to £3,549 in October when the new energy price cap takes effect, and there are fears many will struggle to cover the cost.more
The British are facing a record number of 80 percent increase in energy prices. From October 1, average bills will increase from £ 1,971 to £ 3,549 per year, Ofgem, energy regulator, announced today.more
Small businesses are starting to brace for a steep rise in redundancies, a law firm has warned, amid double-digit inflation and a looming recession. more
Refuse workers in east London are set to go on a week-long strike over a pay dispute. Around 130 Unite members in Newham, including loaders, sweepers and drivers, will walk out from Sunday August 27 until September 3.more
Nearly a third of UK households have found it difficult to pay their energy bills in the past three months, according to a survey released yesterday. Meanwhile, according to forecasts, bills will increase by 80 percent from October.more
"We are living at the end of an era of abundance. I believe that what we are experiencing is a great change or a great upheaval," French President Emmanuel Macron announced yesterday during a meeting of the Council of Ministers, prophesying economic and climate crises and a crisis of democracy.more
In June this year, the United Kingdom, for the first time since the statistics are kept, did not import fuel from Russia, the British statistical office ONS informed today. The entire import of goods from Russia has also dropped to a record low level.more
Almost 40% of people working in childcare are actively seeking to leave the sector, a new report has found. Creches and childcare facilities are struggling to recruit staff, with 68% of managers and owners finding it "extremely difficult" to hire and keep workers due to low pay and conditions.more
Oxford Street needs fewer shops and more restaurants and cultural venues to restore its reputation as the UK’s premier shopping street, according to a new council chief.more
The euro exchange rate against the US dollar was USD 0.9951 on Monday, the lowest since its inception. The EU currency is losing due to the energy crisis that could lead the EU economy to a recession, explains AFP.more
Britain's economy, however, suffered its biggest decline in more than 300 years in 2020, according to revised GDP figures released yesterday by the Office for National Statistics (ONS). It fell by 11 per cent at the time as a result of the Covid-19 pandemic.more
Spiralling prices are continuing to hit under-pressure households in the cost of living crisis, with UK inflation hitting another 40-year high this week.more
The investment bank Citi forecasts that at the beginning of 2023 inflation in the United Kingdom will amount to 18.6%. year on year, and at its peak it will reach 20%. - the Financial Times reported today. The reason is soaring gas prices.more
