Articles
UK to finish with coal power after 142 years
The United Kingdom has become the first major economy in the world to give up coal. On 30th September 2024, the UKs last coal power plant located in Ratcliffe-on-Soar finished operations after opening over 50 years ago in 1967.
October average energy bill up £149 per year in UK households
We’re likely to see the average household energy bill rise by £149 per year throughout the month of October due to the new price cap.
Asking prices for UK homes reach two-year high
August saw UK house prices hit a two-year high, according to Halifax. The largest mortgage lender in the UK has also noted increased buyer confidence since the recent interest rate cut.
Interest rates cut for first time in over four years
Governor Andrew Bailey described this move as significant but warned that additional cuts are unlikely soon. The BoE’s primary focus remains on controlling inflation and stabilising the economy.
Rachel Reeves' spending audit at-a-glance
Chancellor Rachel Reeves has revealed the significant government overspending that has taken place and laid out plans for spending cuts and tax adjustments to overcome this. This audit has sparked political debate and raised concerns about the future of the UK economy.
