The Bank of England (BoE) today raised its main interest rate from 2.25 percent to 3 percent, putting it at its highest level since 2008, and warned that the recession the British economy is already in could be the longest since statistics have been kept.more
Poland has not yet implemented the EU's Omnibus Directive, so stretched promotions will continue to reign on the Internet. Especially on the occasion of Black Friday, which, although a month away, is already in full swing," we read in today's Rzeczpospolita.more
TfL is charging older Londoners £10 a year to keep their 60+ Oyster cards - in a move branded a “scam” by one user. Ghanashyam Master was told this month he had to pay a recently-introduced £10 a year fee to prove that he still lives a London Borough. more
Around 1,300 McColl’s workers are at risk of redundancy as part of proposals to shut 132 loss-making stores.
Morrisons, which rescued the convenience chain from administration earlier this year, confirmed the news this afternoon.more
Many customers with prepayment meters have not yet redeemed vouchers to help with energy bills, the BBC has learned.
From 1 October, households should have begun to receive the first £400 instalment of the government's Energy Bill Support Scheme.more
In the first half of 2022, the most expensive electricity prices were in Denmark, Belgium, Germany and Italy. The lowest prices were in the Netherlands, Hungary, Bulgaria and Malta, according to Eurostat data.more
Marks & Spencer is to begin hiring out capsule wardrobes of 10 different outfits for up to a month, promising a more environmentally friendly and economical way for shoppers to regularly change their look.more
The UK is now spending more of its aid budget at home than in poorer countries, development experts have said. That is because a large proportion of the pot - some £3bn - is being spent on housing refugees, mainly from Ukraine, according to the Centre for Global Development (CGD).more
"There are tougher years ahead of us, harsh years." - announced German President Frank-Walter Steinmeier in an address to the nation at Berlin's Bellevue Palace.more
There are only two weeks left until Bonfire Night, but all indications are that this year's celebrations will not be as grand as last year. Due to the ongoing financial crisis, more and more cities are withdrawing from the famous fireworks displays.more
44.2 percent of respondents believe that the 500+ benefit should be paid only to those most in need, according to an IBRiS poll published yesterday in Rzeczpospolita.more
Supermarket chain Morrisons and food manufacturer Heinz have joined forces to announce a new initiative to support hungry people without money with a free lunch.more
Disabled people are more likely to have difficulty affording their energy bills, mortgage or rent and to fall behind on payments, figures suggest.
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EasyJet Holidays has launched a cost-of-living-themed package holiday which would enable Britons to escape the UK for nearly a full month and, it claims, save hundreds on their energy bills.
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British Finance Minister Jeremy Hunt today announced the postponement of the fiscal plan scheduled for next Monday - and eagerly awaited by financial markets - to November 17. As he explained, this will help make "tough decisions that will stand the test of time."more
The Netherlands is the only country in the European Union where banks incur losses on payment transactions, according to a study by consulting firm McKinsey. In 2021, they incurred a loss of €570 million for this reason.more
University lecturers, librarians and admin staff across the UK will strike over pay and pensions, the University and College Union (UCU) has announced.more