Finanse

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

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

The Prince of Wales's Charitable Fund accepted a £1 million donation in 2013 from the half-brothers of Osama bin Laden, the al-Qaeda leader killed by US special forces in Pakistan in 2011, the Sunday Times reported yesterday.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

The government is refusing to name the councils excluding some households from receiving a vital support payment to help with the cost-of-living crisis.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

Owned by US billionaire Mark Zuckerberg, Meta, the parent company of Facebook and Instagram, yesterday reported its first-ever drop in revenue volume due to reduced advertising spending during the economic downturn, the AP reported.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

McDonald's has put up the price of its cheeseburger for the first time in more than 14 years, due to growing cost pressures. more

Electricity delivered last Wednesday from Belgium via the Nemo underwater cable saved the British capital from a power outage, reports Bloomberg. Britons had to pay a record £9,724.54 per megawatt hour for the service, about 5,000 per cent more than on a normal day.more

Billionaire Elon Musk's friendship with Google co-founder Sergey Brin has ended due to Musk's alleged affair with Brin's wife. The Google co-founder is in the midst of a divorce and has decided to pull out of his investment in Musk's companies, the Wall Street Journal reported yesterday behind anonymous sources.more

We hope, as does the NBP, that we will see a peak in inflation in August-September. After that, prices will stabilise. Inflation will remain at an elevated level, but the situation will be more stable," Finance Minister Magdalena Rzeczkowska said in an interview with Business Insider Polska.more

Ryanair has warned that passengers could face hikes in air travel of between 30-40% in the next four years, as it condemned a draft decision from the aviation regulator to allow airport charges to increase at Dublin Airport.more

Aldi has been crowned as the cheapest supermarket chain for June, undercutting some of its competitors by more than £25.more

Royal Mail has reported it is losing £1m a day and has threatened to split if it cannot achieve “significant operational change”, as it faces what could be the biggest strike of the summer.more

Amazon's online grocery shop is price matching hundreds of Tesco products as supermarkets battle for customers amid the soaring cost of living.more

Tourists to London should face a new tourism levy to fund Transport for London (TfL), City Hall has heard. Professor Tony Travers of the London School of Economics told the London Assembly on Wednesday, July 13 a tourist tax would be worth “hundreds of millions of pounds” per year - and suggested it could be used to solve TfL's funding crisis. more

The US consumer price index rose and inflation reached 9.1 per cent on an annualised basis in June. - US authorities reported on Wednesday. Since May, inflation has remained at its highest level in more than 40 years, reports the Associated Press.more

In its summer economic forecast published today, the European Commission forecasts record levels of inflation this year for the EU as a whole and the euro area. It also partially lowers the prognosis for GDP growth.more

From August, borrowers who took out loans in PLN for their own housing purpose will be able to take advantage of the so-called credit holidays. "The act does not mean an exemption from repayment, but a deferment of payment" - explained President Andrzej Duda immediately after signing the new regulations.more

The number of people resident in Ireland but registered as paying tax elsewhere increased more than five-fold between 2014 and 2019, it has emerged.more

The country is currently in the midst of a cost of living crisis, and Chancellor Rishi Sunak has announced measures aimed at relieving some of the pressures that households are facing. more

HUGE increases at coffee giant Costa have sent prices rocketing to £6.15 a cup, a Sun investigation has revealed. The café chain’s 2,600 outlets across the UK are now charging £6 for pimped-up versions of its lattes and cappuccinos.more

A record number of people are pawning items to borrow money from Britain’s largest pawnbroker amid an escalating cost of living crisis.more

The fortunes of the world's 500 richest people declined by a total of $1.4 trillion in the first half of 2022 as a result of falling share prices, among other factors. This is financially the worst six months on record for the global billionaire class, Bloomberg reported.more