Interest payments rose to £7.6bn in May, above the level for the same month last year. Rise was due to an increase in retail price inflation, to which many loans are tied. Chancellor Rishi Sunak said: “Rising inflation and increasing debt interest costs pose a challenge”. UK interest rates: The predicted decline in public sector … Read more
Drivers angry up with the high cost of gasoline staged a ‘go slow protest.’ The protest takes place to force the government to ‘sit up and take notice.’ For the first time ever, filling up a typical family car with gas or diesel costs more than £100. Drivers angry up with the high cost of … Read more
Boris Johnson has apologised after a fine imposed by the Metropolitan Police for violating lockdown guidelines, but has said that he would not quit. Prime Minister Theresa May has received demands to resign after his penalties for attending his own birthday party in the Downing Street Cabinet room in June 2020. “I have paid the … Read more
According to a source, a Whitehall inquiry is looking into how the tax affairs of Chancellor Rishi Sunak’s wife were leaked to the media. Following a row over her non-domicile status, Akshata Murty has stated that she will pay UK taxes on her overseas income. She owns £700 million worth of shares in her father’s … Read more
Big firms and financial institutions in the UK will now have to produce reports regarding their exposure to climate risks within five years under the terms of a tougher regime announced by Chancellor Rishi Sunak. Disclosure by large businesses will be made mandatory in an attempt to tackle global warming. The chancellor disclosed plans for … Read more
