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Inflation in Spain has reached its highest level in 30 years, according to estimates from the National Statistics Office (INE) in Madrid. According to the government agency, the inflation level in January 2022 was 6.1 percent.more

In January 2022, the increase in wages was not much higher than inflation - said Jakub Rybacki from the Polish Economic Institute in his commentary to the GUS data. In his opinion, salaries in the first half of the year will increase by 8.5 percent, and inflation will amount to around 8 percent.more

Heineken, the world's second largest brewer, has warned that it will increase the price of its beers due to the impact of inflation. more

Londoners have been treated to some snazzy new buses featuring charging points, phone holders and sunroofs.more

High inflation around the world means that while arms spending is rising nominally, it has fallen in real terms in 2021. The region that deviates most strongly from this trend is Europe, the International Institute for Strategic Studies (IISS) reported yesterday.more

Londoners could be set for another ride sharing price hike after Uber lost a court battle which will force them to start charging VAT on rides.more

UK wage growth is increasingly lagging behind rising inflation, with real earnings in December 2021 1.2 percent lower than a year earlier, the ONS statistics office said today.more

The UK needs nearly 230,000 new private rented homes a year, according to an economics consultancy.more

British employers expect to raise staff pay by the most in at least nine years but the 3% wage deals for workers would still be below fast-rising inflation, according to a survey published on Monday.more

The UK tax authority is facing “new and challenging risks” policing changes to the rules governing payment of contractors in the private sector, according to a report by the independent public spending watchdog.more

Half of Poles living in relationships believe that all expenses should be incurred jointly, and approx. 41% that it is the man who should bear the greatest financial burden - according to the study of the National Debt Register of the Economic Information Bureau.more

Pay-as-you-go customers are already going without gas and electricity in greater numbers ahead of big price rises, an energy supply boss has said.more

Ireland's armed forces are unable to adequately defend the country even in the event of aggression by conventional means, a report published Wednesday said. It called for a radical overhaul of the Defense Force.more

The billion-year-old Enigma, the largest ever polished black diamond, has been sold for £3.16 million at an online auction held by London house Sotheby's.more

Higher costs, more paperwork and delays at borders were the "only detectable impact" of Brexit on British businesses so far, according to a report published yesterday by Parliament's public accounts committee.more

One of Spain's most popular streamers Xokas has warned the government that if it continues to raise taxes, he will start paying them in Andorra, where they are much lower. At least 10 other well-known Spanish youtubers have emigrated to Andorra due to increasing fiscal pressure in the country.more

The total burden of PIT and social insurance premiums in the case of teachers who received money for overtime for January could reach up to 90% of gross pay. A person who was supposed to get extra salary of about PLN 750 received PLN 16 - writes "Dziennik Gazeta Prawna".more

Rishi Sunak has warned households suffering from Britain’s worsening cost of living crisis to brace themselves for further increases in energy costs later this year, as critics said his £9bn emergency package was insufficient to prevent millions more struggling with fuel poverty.more

Most UK households will get a £ 350 discount to moderate rising energy costs, Finance Minister Rishi Sunak announced today, in response to a 54% increase in the maximum energy price ceiling.more

The recovery of the UK service sector regained momentum last month as Omicron coronavirus restrictions and case numbers eased back, according to new figures.more

The Bank of England (BoE) today raised its main interest rate from 0.25 percent to 0.5 percent in response to rising inflation in the United Kingdom. This is the second interest rate hike in a row.more

The UK government yesterday unveiled its long-announced strategy for equalizing development and life chances between different parts of the country. This was a major promise made by Prime Minister Boris Johnson after the recent House of Commons elections in 2019.more

Mayor warns a 'road tax' and extending congestion charging zone will not be enough to balance Transport for London's books more

Shoppers have been hit by the highest price rises in nearly 10 years after shop inflation almost doubled over the past month, data suggests.more

The UK will provide £88 million in aid to Ukraine to support stable governance and energy independence, the British government announced last night, on the eve of Prime Minister Boris Johnson's visit to Kiev.more