Articles
UK inflation remains at 6.7%
After the ONS released data showing that the UK’s inflation rate remained unchanged, industry experts have been discussing what this could mean for the Bank of England’s base rate of interest.
The latest Energy Price Cap and what it means
Millions of households will experience a reduction in the cost of their energy bills from October the 1st after a decrease in the Energy Price Cap. But what is the Energy Price Cap and what will it mean for you?
Rishi Sunak’s new approach to cars, boilers and Net Zero
“Net Zero” refers to a concept regarding the emission of greenhouse gasses. It requires a balance between the greenhouse gasses we emit and remove from the atmosphere. If we can emit the same or fewer greenhouse gasses than we emit, we have achieved Net Zero.
Recession fears growing
There are fresh concerns that the UK economy could be heading for recessions, which is when two consecutive quarters record a decline in Gross Domestic Product (GDP). The recession alarm bell has been raised after new Bank of England data shows that the UK’s money supply has stopped increasing.
Inflation slows down to 6.8% - another rate rise?
The UK’s inflation rate dropped in July to 6.8% from 7.9% in June. This means the cost of living is still rising but now at a slower pace than previously. For many, this is on the whole good news. But does it mean the Bank of England will pause interest rates, or will they continue to rise?
