British Central Bank Admits it ‘Underestimated’ Inflation, as UK Heads Towards 11 Per Cent
The Bank of England has admitted that its inflation predictions were widely off, as the UK is bracing for 11 per cent inflation.
The Bank of England has admitted that its inflation predictions were widely off, as the UK is bracing for 11 per cent inflation.
The average wage for British workers is falling at the fastest rate on record, as inflation has wiped out gains in salary and bonuses.
Richard Tice, leader of the rebranded Brexit Party, Reform UK, has proposed a bold, tax-cutting strategy to tackle the cost of living and inflation crisis.
Hungary’s Prime Minister Viktor Orbán will impose a temporary windfall tax on banks and multinationals which he says are profiting from the Ukraine war, to protect Hungarians from energy bill increases and enhance the military.
The Conservative government of Boris Johnson will impose a 25 per cent windfall tax on oil and gas companies to provide public handouts.
The “partygate” report has called on Boris Johnson to take “responsibility” for failing to abide by his own covid lockdown rules.
Britain’s economy grew at the slowest pace in a year during the first quarter, raising concerns the country may be headed for a recession.
Inflation in the United Kingdom has risen to the highest level in 30 years last month, spurred on by the spiralling costs of fuel, which saw the sharpest spike in prices since records began. According to the Office for National
Boris Johnson’s office said he will be issued a fine over allegations of lockdown parties at government offices.
The White House has been told to investigate whether Britain’s Chancellor of the Exchequer broke the US’ immigration rules.
Policing minister Kit Malthouse denied that Chancellor of the Exchequer Rishi Sunak’s political career was doomed after it emerged that his Indian wife benefits from “non-domicile” tax status
The UK’s Royal Mint has been tasked by the Treasury Department to create an NFT in the latest move towards a cashless society.
As fuel prices hit all-time highs amid a massive cost of living crisis, Boris Johnson’s Conservative Party government has hiked payroll tax across the United Kingdom.
The growing cost of living crisis in Britain has seen grocery price inflation hit its highest level in ten years.
Britain is slated to see its worst drop in living standards ever recorded. Over one million people face being thrown into poverty.
Laurence Fox mockingly said he is now a “trans-racial actress of colour,” jesting that he is seeking to portray the widow of Nelson Mandella.
Britain has seen its highest level of annual inflation in 30 years, while the country’s government appears to remain set to move forward with major tax hikes.
British wages have seen the sharpest decline in real terms since 2014 as the impact of inflation grips the nation, the ONS said on Tuesday.
The hidden green subsidies and taxes on electricity bills is the “biggest silent rip-off in Britain” according to Brexit’s Nigel Farage.
The economic burden the push towards a net-zero economy should be borne by the younger generations, a House of Lords committee suggested.
The UK’s Chancellor of the Exchequer has been engaging in financial double-speak, promising that he will cut taxes despite having just increased them.
A one million increase in the number of destitute households in the UK is feared as a result of Tory tax hikes.
Britain braces for a planned new booze tax coming in next February, with publicans warning of a devastating impact on the alcohol industry.
Boris Johnson’s recently installed head of communications reportedly lobbied on behalf of controversial Chinese tech company Huawei.
Britons are being assaulted by soaring costs, with the increase to the cost of living reckoned by one MP to be nearly three thousand a year.
A veteran Tory was bone-dry in his sardonic questioning why govt wasn’t simply cutting taxes to help families survive cost of living rises.
Average British households will pay more than £1 million during their lifetime in taxes to the government, equal to eighteen years of work.
Despite calling himself a ‘tax-cutting’ Conservative Boris Johnson has announced that he will plow ahead with massive tax hikes as living costs soar across the UK.
Inflation has nullified increases to wages in Britain last year, with workers experiencing a decline in pay in real terms in November.
The UK government has announced another £1 billion in bailouts for the struggling hospitality sector amid concerns over another lockdown.
Boris Johnson’s future as Prime Minister was thrown into further question late Saturday night after it emerged that Brexit negotiator Lord David Frost has resigned
The inflation rate in Britain has hit the highest level in a decade as the cost of living has soared as a result of rising energy prices.
The big mistake with Chancellor Rishi Sunak’s budget is to take it seriously. But all British mainstream media commentators have, even the economically astute Allister Heath in the Telegraph, who has described it as “a historic, epoch-defining rise in public spending financed by ruinous tax increases.”
LONDON (AP) – Millions of low-pay workers in Britain will get an inflation-busting pay increase next year after the government said Monday it will legislate to raise the National Living Wage to £9.50 ($13) an hour from the current rate of £8.91 ($12.25).
British military personnel have begun delivering fuel to gas stations after a shortage of truck drivers disrupted supplies.
Prime Minister Boris Johnson has demoted his top diplomat and fired the education minister in a Cabinet reshuffle.
Prime Minister Boris Johnson quickly backtracked on using a little-known scheme for himself and Rishi Sunak to avoid coronavirus quarantine.
A senior minister has said he will stop wearing a mask “as soon as possible”, in remarks likely signalling the Cabinet’s confidence that all lockdown restrictions will be lifted on July 19th.
Britain´s Treasury chief says he´s optimistic the world´s richest countries will agree to tax internet companies and other multinationals.
Faith in government in Health Secretary Matt Hancock was so low the Prime Minister was told “repeatedly” that he should be fired from his position, Cummings claimed.