Hikes in National Insurance contributions (NICs) and the minimum wage were contributing to shoppers paying more for their food, the Bank said – and warned the situation will likely get worse. Food inflation hit 4.5 per cent in June, higher than economists had predicted in May, and is predicted to rise to 5.5 per cent next month.Continue reading “Rachel Reeves’ NI Tax Raid Could Increase Food Prices As Autumn Approaches”
Tag Archives: Interest Rates
Homeware Chain Wilko On The Verge Of Collapse
UK homeware retailer Wiko has warned that it’s on the verge of collapse, putting some 12,000 jobs at risk. The privately owned company said it had filed a “notice of intention” to appoint administrators after failing to find enough emergency investment. Chief executive Mark Jackson said it would continue to talk with interested parties aboutContinue reading “Homeware Chain Wilko On The Verge Of Collapse”
It’s Imperative That The Floundering Tories Find A Purpose
It hardly needs saying, but this has been another depressing week for the Conservative Party. More catastrophic economic news, more policy bloopers, more self-inflicted wounds, all conveying a distinct impression that the government is running out of both ideas and steam. True, the Bank of England’s inability in handling inflation is entirely to blame forContinue reading “It’s Imperative That The Floundering Tories Find A Purpose”
Do You Allow Your Bank To Take Advantage Of You?
Is your bank ripping you off? Actually, scrap that, the question should be, are you letting your bank rip you off? We all know that banks and building societies like to pass on rate hikes in a more timely and complete manner to borrowers than they do to savers. Yet, as interest rates have beenContinue reading “Do You Allow Your Bank To Take Advantage Of You?”
THE MONTHLY MOSQUITO 