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July 22, 2025

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Economics

Fixing UK’s draughty homes could add £40bn to economy, says Citizens Advice

Report finds that raising minimum energy efficiency standards by 2030 could have huge impact beyond billsFixing Britain’s draughty homes could add almost £40bn to the economy by the end of the decade by cutting energy use and improving health, accordin…

June 20, 2023
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Liz Truss says lettuce joke was ‘puerile’ and media did not understand her ideas

Former prime minister criticises Daily Star stunt but says UK media’s irreverence is a good thing overallLiz Truss has described as “puerile” the newspaper stunt in which her tenure as prime minister was measured against the shelf life of a lettuce.Spe…

June 19, 2023
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Sunak says no extra help with mortgages as fixed rates climb to 6%

Prime minister says no new support available for households struggling to pay loans Business live – latest updatesRishi Sunak has ruled out extra help for UK homeowners struggling to pay soaring mortgage costs, as the average two-year fixed-rate loan r…

June 19, 2023
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Mortgage ‘catastrophe’ will lose us the election, warn Tory MPs

Members in marginal seats fear Conservative party leaders have not understood the impact of rate risesTory MPs in marginal seats are already sounding the alarm over an “interest rate catastrophe”, amid claims that the party has not understood the impac…

June 18, 2023
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Sunak, Hunt and homebuyers brace for an economic Big Wednesday

The midweek inflation bulletin could be the most significant piece of government data published this yearThis Wednesday will mark the longest day of the year and not long after the sun comes up the Office for National Statistics (ONS) will publish its …

June 18, 2023
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Brexit to blame for rising inflation, says former Bank of England governor

Mark Carney says Bank’s negative predictions about consequences of leaving EU ‘proven to be the case’Brexit is to blame for the soaring inflation driving the cost of living crisis in the UK, a former governor of the Bank of England has said.Mark Carney…

June 17, 2023
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Tesco boss: food inflation has probably peaked but prices will stay high

Ken Murphy says higher costs of grocery imports because of Brexit are partly to blame for rising prices The chief executive of Tesco has said food inflation has probably peaked but warns that prices are likely to stay high.Ken Murphy, the head of the U…

June 16, 2023
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‘I’m left with nothing’: Nigerians feel brunt of economic shakeup

President Tinubu’s policies please foreign investors, but a devalued currency and soaring petrol prices mean ‘national sacrifice mode’ is widely unpopularNigerians are feeling the strain as their new president pushes through a series of unpopular polic…

June 16, 2023
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Average mortgage rate for two-year fixed deal edges closer to 6%

Nationwide is latest lender to lift cost of deals as borrowers brace for 13th successive Bank of England interest rate riseThe average rate on a new two-year fixed mortgage has edged closer to the 6% threshold, as Nationwide became the latest big lende…

June 15, 2023
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ECB raises interest rates by quarter of a point to tame inflation

Move marks eighth successive rise, highlighting struggle to cool price rises amid juddering growthBusiness live – latest updatesThe European Central Bank has raised eurozone interest rates by a quarter-percentage point to the highest level since 2001 a…

June 15, 2023
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