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BUSINESS CLOSE: Chancellor softens NI blow to voters; inflation jumps to 6.2% in February; Petrofac profits halve; pound at $1.32 By Mike Sheen For This Is Money Published: 07:34 GMT, 23 March 2022 | Updated: 17:18 GMT, 23 March 2022 The FTSE 100 closed down 16.09 points at 7460.63 after Chancellor Rishi Sunak delivered his … Read more
SPRING STATEMENT: The analysis and reaction as it happened – fuel duty is cut, NI hikes softened and an income tax rabbit in the hat Chancellor Rishi Sunak to deliver his speech at 12.30pm Will fuel duty to be reduced? Could National Insurance hikes be watered down? Follow the build-up, the speech and aftermath with … Read more
Landlords awaiting the Spring Statement could be forgiven for fearing further tax hikes are heading their way. Households are already being clobbered with a National Insurance contribution rise, jump in energy and fuel costs, alongside other bills soaring with Inflation. Tomorrow could see the Government try to help fan the flames and in doing so, … Read more
One of the TikTok stars called upon to spread President Joe Biden’s claim that Vladimir Putin and the invasion of Ukraine are responsible for inflation blamed misogyny for the negative reaction she received. Ellie Zeiler, 18, said thousands of people have shamed her for her pro-Biden TikTok clip where she discussed soaring gas prices and … Read more
The prospect of double-digit inflation this autumn, as surging energy and wheat prices force up the cost of living, means that the latest quarter-point hike in the Bank of England’s interest rate to 0.75 per cent will not be the last. So with Putin’s war against Ukraine taking an enormous bite out of Britain and … Read more
Why you aren’t as rich as you used to be – and even $90,000 salaries are now considered just ‘modest’ McKell Institute has calculated that women suffered 1.6 per cent pay cut in 2021 Men by comparison saw their average wage levels fall by 2.1 per cent last year Surging inflation means real wages are … Read more
Labour Councillor Lynne Troughton apologises for telling a family facing £700-a-month energy bills to ‘wear jumpers’ – as she’s branded ‘patronising and callous’ on Twitter Lynne Troughton, a Labour Councillor in Hackney, told Courtney Wilding his daughter’s potential £700-a-month bills could be countered by ‘economising’ She told the artist: ‘She needs to start using less. … Read more
Rising mortgage rates, high inflation, surging bills and domestic and global economic headwinds will ‘put the brakes’ on rampaging property price growth in Britain this year, according to Zoopla. By December, Zoopla expects property price growth in Britain to have fallen to 3.5 per cent, down from 7.8 per cent last month. ‘The global uncertainty … Read more
Foxtons makes first profit in four years following housing market boom and purchase of major lettings business Foxtons recorded pre-tax earnings of £5.6m from continuing operations in 2021 The volume of homes sold on the firm’s platform increased by over half to 3,122 Lettings business Douglas & Gordon was bought by the company last March … Read more
Burger King’s largest franchiser has been forced to slash the staple 10-piece chicken nugget pack down to eight and take the Whopper off its discounted menu as it deals with soaring inflation. Carrols Restaurant Group, the largest Burger King franchisor with more than 1,000 restaurants worldwide, announced that the company will have to make some rollbacks … Read more