Error: Model returned no result. James Smith from ING has suggested that the latest data “all but rules out a rate cut in May, and if we’re right that April’s data proves stickier than the Bank is expecting, then we think that would drastically reduce the chances of a cut in June, too”. The financial […]
Asos chief executive Jose Antonio Ramos Calamonte says that his turnaround plan is working, after its first half pre-tax losses fell from £272.5million to £246.8million. For the six months to March 3, Asos saw its revenues decline 18 percent to £1.5billion, as it moved to shift excess stock that built up, particularly during the pandemic, […]
Savers now have a choice of more than 1,300 cash accounts to beat inflation compared with none a year ago according to analysis by a financial information website. Moneyfactscompare.co.uk found 1,364 savings accounts that beat inflation, including easy access and notice accounts, as well as Isas and bonds. The Office for National Statistics (ONS) said […]
The DWP has issued an update on how work capability assessments work for Universal Credit for disabled claimants. The key assessment is used to determine if a claimant who has a health condition or disability is fit for work andif they need to prepare to enter the workforce in future. Labour MP Mary Glindon asked […]
The news comes from the Office for National Statistics (ONS), whose chief economist Grant Fitzner said: “Inflation eased slightly in March to its lowest annual rate for two and a half years. “Once again, food prices were the main reason for the fall, with prices rising by less than we saw a year ago. “Similarly […]
Ms Gibson said: “This is an issue that the House has to debate. We cannot allow it to be the case that WASPI women have won the battle but don’t get the spoils of war. “There’ll be different views across the house as to what that compensation might look like, and that’s all part of […]
People approaching retirement face a risk of reaching the point where they are too ill to work yet too young to receive their state pension. A rise in the official pension age first to 66 and now 67 between 2026 and 2028 means people are expected to work longer. While a further increase to 68 […]
A benefit amounting to £218 a week, dubbed as ‘the most unclaimed benefit’, is going unnoticed by thousands who are eligible, according to financial experts including Martin Lewis. Pension Credit, designed to enhance the income of the nation’s lowest earning pensioners, often remains under-claimed, possibly due to lack of awareness about eligibility. Campaigners including the […]
The headline rate of inflation fell from 3.4 per cent in February to 3.2 per cent in March. The news suggests the cost of living squeeze continues to ease with increases in prices below rises in wages. The figures come from the Office for National Statistics (ONS), whose chief economist Grant Fitzner said: “Inflation eased […]
Superdry will fall into administration unless shareholders back his three year, multi-million pound turnaround plan for the struggling fashion chain, chief executive Julian Dunkerton warns. Dunkerton’s plan to save Superdry will see it quit the London Stock Exchange after 14 years and raise up to £10million in fresh finance. It will also involve rent reductions […]
