Boris Johnson arrived back in the UK today after a poll found his lead over Keir Starmer has stretched to 10 points despite mounting chaos in supply chains and surging inflation. The PM has spent the week on holiday in Spain with his wife Carrie and son Wilfred amid a fresh wave of grim warnings about … Read more
Bank of England’s chief economist warns the ‘magnitude and duration’ of the UK’s inflation spike is ‘proving greater than expected’ amid fears of runaway price increases Bank of England’s new chief economist has issued an inflation warning to MPs Huw Pill said ‘magnitude and duration’ of spike is ‘proving greater than expected’ But Mr Pill … Read more
The Britcoin revolution! Rishi Sunak plans to replace our cash with official digital currency in ‘biggest upheaval in the monetary system for centuries’ Bank of England would establish a direct digital equivalent to physical money Supporters say the move will give the economy a boost during a financial crisis Could slash cost and time it … Read more
CPI inflation rate DOUBLES to 1.5% in April amid rising fears prices could soar amid coronavirus bounceback By James Tapsfield, Political Editor For Mailonline Published: 07:14 BST, 19 May 2021 | Updated: 07:15 BST, 19 May 2021 Fears of a spike in inflation were fuelled today as official figures showed the CPI rate doubled to … Read more
David Cameron will be grilled by MPs next week over the Greensill lobbying row Finance boss Lex Greensill to appear before the Treasury committee on Tuesday Paid advisor David Cameron urged Rishi Sunak to lend millions to Greensill firm Company subsequently filed for insolvency, threatening thousands of UK jobs By Daily Mail Reporter Published: 22:00 … Read more
Mortgage borrowing reaches record £11.8billion high in a month as housing market is fuelled by stamp duty holiday and low mortgage rates Figures show net mortgage borrowing is at the highest since records began Housing experts say home owners are taking advantage of low mortgage rates The break from stamp duty is also sending borrowing … Read more
Inflation rises from 0.4% to 0.7% in March after surge in fuel and clothing prices The CPI rate of inflation went up from 0.4 per cent to 0.7 per cent in March The ONS said that the increase was caused by rising fuel and clothing prices The rate is still well below the Bank of … Read more
Well, that was money well spent. On June 4 last year it was revealed Tottenham took out a £175million Government loan at a very competitive rate to help cope with the pandemic. Now we know what some of it has been spent on: sacking Jose Mourinho. With compensation in the region of £16m due, that … Read more
The new taskforce is part of a series of measures that the Chancellor Rishi Sunak hopes will help the UK’s financial technology sector The UK has taken a tentative step towards creating a ‘Britcoin’ with a taskforce ordered to explore whether the UK should have its own digital currency. The Bank of England and the … Read more
Senior treasury officials offered to try to redesign a coronavirus business support scheme to help David Cameron, it has emerged. It comes as the former Prime Minister has been embroiled in controversy over texts asking Chancellor Rishi Sunak to support his employer Greensill Capital. Top officials went on to try to find a way for … Read more