Gospodarka

The Bank of England has warned the UK will fall into recession this year as it raised interest rates from 1.25% to 1.75% in a bid to curb soaring prices. It expects the economy to shrink in the final three months of this year and keep shrinking until the end of 2023.more

The UK's leading food bank charity has warned of a winter crisis as demand increases but donations drop off amid the worsening cost-of-living crisis.more

Inflation will soar to “astronomical” levels over the next year forcing the Bank of England to raise interest rates higher and for longer than previously expected, according to a leading thinktank.more

The foreign ministers of the G7 countries issued a statement in which they assured that they are considering using all methods to prevent Russia from generating exceptionally large revenues thanks to high oil prices.more

The recruitment of specialist European workers in the Irish hospitality sector could help save the Christmas season this year, according to the restaurant sector.more

Typical domestic energy bills could hit more than £3,600 a year this winter, according to a new forecast. Consultancy Cornwall Insight said the typical gas and electricity bill in England, Wales and Scotland could reach £3,615 in the new year - hundreds of pounds more than previous predictions.more

Britain has 20% fewer nightclubs than it had when the country first went into lockdown in March 2020.more

At least a week earlier than usual in Italy today, the grape harvest officially began. The reason for its acceleration is the more than 40-degree heat and drought. The first symbolic bunch of grapes was picked near Brescia in Lombardy in the land of Franciacorta, where the sparkling wine of that name is produced.more

The UK has given some of the least generous support to help drivers with high fuel costs among countries in Europe that have taken action, the RAC has said. more

Mortgage borrowing rules have been eased after the Bank of England scrapped an affordability test. more

European countries have eased efforts to restrict trade in Russian oil as they fear a rise in the price of the commodity and a reduction in energy supplies, writes the Financial Times today.more

Inflation in Spain rose to 10.8 per cent in July, the highest level since 1984, the directorate of the National Statistics Office (INE) in Madrid said in a report published on Friday. Inflation in the Netherlands reached 11.6 per cent in July. - reported the Netherlands Bureau of Statistics (CBS). This is the first increase in inflation since March this year.more

Foreign tourists are sustaining France's economic growth, which came in at 0.5 per cent in the second quarter, twice as high as economists had forecast. If this trend continues, GDP growth this year could reach 2.5 per cent, - BFMTV reported yesterday. The pandemic emergency in France will end tomorrow (1 August).more

At the moment, inflation may just be reaching its peak, assessed Goldman Sachs analysts. However, they added that the current inflation data and pressure on currency depreciation will require further monetary policy tightening, and interest rates will reach 8%.more

With inflation soaring to a new 40-year high last month, campaigners fear next year’s hike in regulated fares for regular rail users could be the biggest since the railways were privatised in 1996. more

Soaring inflation has made life harder for most of the world — but some people are still smoking expensive cigarettes, and doing shots of fancy tequila. more

The government has announced how all households in England, Scotland and Wales will receive £400 to help with rising fuel bills this autumn.more

The workers are the latest calling for better pay and taking industrial action in a bid to get it. more

The Spanish government has asked citizens to voluntarily join in reducing their gas consumption in the face of a possible cut-off by Russia. Deputy Prime Minister and Minister for Ecological Transformation Teresa Ribera recommended that citizens control their residential electricity consumption and turn off unnecessarily burning lights.more

This year's production of household appliances is already 13 percent lower than a year ago, and in June alone it fell 26 percent year to year. This is the result of the expected slowdown in Poland, but also smaller purchases on foreign markets - exports are already weakening - we read today in Rzeczpospolita.more

Energy bills for the most vulnerable people in Britain are predicted to hit £500 in the month of January alone. more

Hanover is the first large city in Germany to take the calls for energy savings made by Economy Minister Robert Habeck seriously. Among other things, the municipal authorities have decided to dispense with water heating in indoor and outdoor swimming pools, and only cold showers will be allowed in sports facilities, writes the Bild newspaper portal today.more

Scottish Power is set to recruit at least 1,000 new employees in the next 12 months after winning a series of contracts to build wind turbines. more

The government has ruled out granting the country an additional bank holiday if England win the women's Euros. more

Thanks to the reform, people with several sources of income will not only regain the tax overpaid during the year, but will also, in the majority of cases, end up paying less tax on an annual basis, announced ZUS President Prof. Gertruda Uścińska in 'Dziennik Gazeta Prawna'.more