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News
Oxford economists predict interest rates will remain steady despite Middle East war
50+ min ago (437+ words) Oxford economists predict the Bank of England will hold interest rates next week, despite Middle Eastern tensions. The experts predict a majority of the Bank’s rate-setting committee will vote in favour of maintaining the current rate, despite recent attacks in…...
Bank set to hold interest rates despite intensifying Middle East war
2+ day, 4+ hour ago (483+ words) The Bank of England is expected to hold interest rates again next week despite fresh uncertainty in the Middle East. Economists have said they still expect a majority of the Bank’s rate-setting committee to opt to keep the base interest…...
Burnham business rates cut "a joke", says Oxford hospitality
4+ day, 8+ hour ago (549+ words) Oxford hospitality operators warn Burnham's additional 20 per cent business rates cuts 'barely scratches the surface' of a crisis which they insist can only be solved by slashing VAT. Pubs, clubs and live music venues across England will receive a 20 per…...
Andy Burnham urged to cut National Insurance and promises 'growth in every postcode"
2+ week, 1+ day ago (392+ words) National Insurance changes mean that businesses are paying more than £1,000 extra in tax for employees, on average, according to new analysis. The figures reveal the scale of the additional costs facing employers after changes introduced in 2024 increased employers' National Insurance…...
UK services industry faces setback as activity falls for first time in a year
1+ mon, 3+ week ago (469+ words) The UK’s services industry declined last month for the first time in more than a year, as hospitality and travel businesses were among those to feel the impact of the Iran war, according to new figures. The S&P Global…...
Unemployment rate rises and vacancies slump in first signs of Iran war jobs hit
2+ mon, 1+ day ago (638+ words) Britain’s unemployment rate has risen and vacancies tumbled to a five-year low in the first signs of the Iran war taking its toll on an already under-pressure jobs market. Official figures showed the jobless rate rose unexpectedly to 5% in the…...
Oxford expert warns on economic strain as population grows
2+ mon, 3+ day ago (474+ words) Oxford data suggests a strain on the UK economy as nearly one in five of the UK population are foreign-born. Research from the Office for National Statistics (ONS) suggest the foreign-born population of the UK grew by over 2 million since…...
UK inflation rate set to fall as lower household energy bills offset fuel surge
2+ mon, 1+ week ago (450+ words) UK inflation is set to have eased last month as a drop in household energy bills offset a jump in fuel prices but experts warned of turbulence ahead as the Iran energy price shock “catches up” with the cost of…...
Government responds to calls for personal allowance to increase to £18,000
2+ mon, 2+ week ago (406+ words) The Government has responded to calls to increase everyone's personal allowance from £12,750 to £18,000, following a petition which has been signed by more than 20,000 people. The petition, titled Raise the personal tax allowance to £18,000, was started by Mike Haynes, who said:…...
Persimmon flags worries over homebuyer confidence amid Iran conflict
2+ mon, 3+ week ago (596+ words) Housebuilder Persimmon has cautioned the Iran conflict could knock buyer sentiment amid fears interest rates will stay higher for longer if inflation is sent soaring. The group said it was “monitoring the impact the conflict with Iran could have on…...