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‘NEWS: UK economy’ Archive

News Update: Sunak Won’t Cut Taxes Until Finances are Stable Again

A bit of bad news for those worried about potential tax cuts: Chancellor Rishi Sunak stated that he would only begin to consider cutting taxes when public finances are stable after the toll the coronavirus took on the national economy.

News Update: Is UK Wage Inflation a Good Thing or Cause for Concern?

Prime Minister Boris Johnson announced recently to the BBC that wages were finally on the rise. The Office for National Statistics backs the PM’s claim, stating that annual growth of wages sits between 3.6% and 5.1% from May to July. And the Bank of England (BoE) estimates that in the private sector, pay growth is […]

Job Market Recovery Contributes to Inflation & Worker Shortages

When the pandemic first hit, many workers were forced to stay home as we all had to adhere to lockdown restrictions. Companies nationwide paused hiring as they faced economic uncertainty and many people sought government assistance to stay afloat.

News Update: UK Employment Rate on the Rise

As COVID-19 restrictions ease, UK businesses have needed to take on more staff, causing the unemployment rate to fall once again. As of April, the unemployment rate dropped to 4.7%, continuing the trend, albeit a small change at 0.01%.

News Update – Inflation, COVID Variants and More Disrupt Recovery

Don’t start celebrating wide-scale economic recovery just yet. As COVID-19 continues to rise in some parts of the world, the threat of variants and resurgences, and various economic factors threaten a permanent return to economic prosperity any time soon.

News Update: Job Seekers Gain Leverage in the Labour Market

With companies trying to staff up and switch from surviving to thriving with every easing of lockdown measures, many employers might have a hard time keeping their current employees. And after an extended period of time of people just being thankful for having a job, the tide is turning.

News Update: What the Election Results Mean for You

The results from the latest election are in. What might they mean for you, business and the economy?

News Update: The UK Economy is Bouncing Back

Some good news for Britain’s recovery effort during the ongoing coronavirus pandemic. The Office for National Statistics (ONS) released figures that reveal recovery during the second half of last year was better than expected.

News Update: The Pound Is On The Rise

Thanks to the better-than-expected performance of the economy last year, the pound has hit its highest level against the Euro in over a year. And according to a report from the Institute of Directors, overall confidence in the economy is the highest it’s been since Boris Johnson’s 2019 election win.

Buy-to-Let Landlords: Flexibility is Required to Stay Profitable

The world has changed dramatically from the beginning of the year. We’ve had to adapt to new ways of living, working, doing business, and staying connected with our loved ones. When all these restrictions will be lifted permanently is uncertain. So, everyone will need to stay flexible and resilient.

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