Budget 2021: Price Rises Could Hit Highest Rate in 30 years, says Forecaster

The cost of living could rise at its fastest rate for 30 years, the government’s forecaster has warned. Its latest forecast says inflation, which measures the change in the cost of living over time, is set to jump from 3.1% to an average of 4% in 2022. However, the Office for Budget Responsibility (OBR) says […]

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Budget 2021: Small Wins for Business, but a Lack of ‘Wow’

The measures outlined in the Budget’s speech are welcome, but do little to address immediate cost and supply chain pressures. Chancellor of the Exchequer Rishi Sunak made some positive moves to support businesses and private sector growth in the Autumn Budget 2021, but there is a question of whether it’s really enough. Click on the […]

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Autumn Budget 2021

The Chancellor of the Exchequer presented his Autumn Budget to Parliament on Wednesday 27th October 2021. Setting out the government’s tax and spending plans for the year ahead, Chancellor Rishi Sunak said his plans were focused on the “post-COVID” era and would pave the way for an “economy of higher wages, higher skills, and rising […]

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Inflation Likely to Hit 5%, Warns Bank of England Chief Economist

The Bank of England’s new chief economist has warned that UK inflation is likely to hit or surpass 5% by early next year. Huw Pill told the Financial Times that the Bank would have a “live” decision to make at its next interest rate-setting meeting on 4th November. It follows recent comments from Bank of […]

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