Consumer price inflation fell to 3.4 percent in February, this morning’s official figures show, down from four percent in January. That’s a bigger drop than expected but it’s not falling as fast as the nation – or Rishi Sunak – would like. The PM desperately needs voters to feel better off to avoid humiliation at […]

The Government is being called upon to increase the pay of civil servants. This comes after new research revealed that their wages are lower in comparison to what they were nearly 50 years ago. The Public and Commercial Services union (PCS) shared that a study of pay trends in the Civil Service by Dr Mark […]

Which? has reported a concerning number of households missing crucial payments. It is estimated that around one in 12 mortgage holders missed essential payments such as housing, utility bill, credit card or loan payments in the month leading up to early March. In the period ending on March 8, an estimated 8.1 percent of mortgage […]

Ted Baker is poised to fall into administration, putting hundreds of jobs at risk, after promised investment from Dutch retail group AARC failed to materialise. Financial restructuring and insolvency group Teneo is set to be appointed and Ted Baker’s stores will continue to trade during its administration. Although store closures and redundancies are expected, it […]

Unilever is to float its ice cream division, home to Walls and Magnum, on the stock market and cut 7,500 jobs to boost returns and simplify the business. Chief executive Hein Schumacher said that London-listed Unilever is in the process of setting up a separate head office in Amsterdam for its ice cream business, and […]

The Governor of the Bank of England, Andrew Bailey, has ‘left it too late’ to start cutting interest rates, according to a leading investment bank. Members of the Bank’s Monetary Policy Committee (MPC) are meeting on Thursday to decide whether to cut the base rate from its current level of 5.25 percent. The committee is […]

Almost one third of UK adults experience pressure to spend more than they can afford, new research reveals. Research from NerdWallet UK found that 32 percent of adults are pressured to spend more than they can afford with millennials, men and high earners most likely to fall into debt. The survey of 2,000 UK adults […]

Job performance, work ethic, and dress sense are among the top ways we compare ourselves to our colleagues – with 51 percent admitting that doing so negatively impacts their mental health. Others observe their colleagues’ outfit choices (17 percent), leadership skills (17 percent), and even how fit people are (15 percent). But the poll of […]

Merchant bank Close Brothers has launched a £400million plan to build up its finances in case it has to compensate former car loans customers for overcharging them. Close Brothers said that axing its dividend payments until further notice, as well as adjusting its lending, will strengthen its balance sheet by £200million. At the same time, […]

Families have been urged to check if they can get huge reductions on their broadband and mobile bills through the social tariffs scheme. The Government said in an update to Parliament that is is continuing to urge providers to tell customers about the scheme, which includes broadband deals as low as £12 a month. Media […]