inflation
The Bank of England has announced a second interest rate cut this year, lowering it to 4.75%, following a drop in September’s inflation rate to 1.7%. According to the Bank of England, three primary factors are driving inflation in the UK. The first is the lingering impact of the coronavirus pandemic, which caused significant shortages […]
Chancellor Jeremy Hunt delivered his Autumn Statement today, which provides the government the opportunity to outline its proposed spending plans. He announced 110 measures to help grow the economy, and Spark has picked out five key points and what they mean. National Living Wage rises to £11.44 Mr Hunt announced a rise in the National […]
Sunderland homeowners and first-time buyers have been reacting to the Bank of England’s 4% interest rate hike. The first-time buyers and homeowners Spark spoke to felt the move was unfavourable for them. The Bank of England raised its base rate of interest from 3.5% to 4% – the highest rate in 14 years – in […]
By Ben Lightfoot and Josep Aulet Salazar A Sunderland fish and chip shop owner has vowed to keep prices down for as long as possible – despite soaring costs. Reports have predicted steep price rises for Britain’s most famous takeaway dish, due to a huge spike in the price of white fish, potatoes and peas […]
-
Pages
