“It will ensure the basic and new state pensions increase by 2.5% or in line with inflation, which is expected to be the higher figure this year, and as happened last year, it will again set aside the earnings element for 2022-23 before being restored for the remainder of this Parliament.”
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What is the UK inflation rate and how does it affect me?
admin, , Business, 0
close panel Prices in the UK are no longer rising as fast as wages, official figures show. However, inflation...
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Rolls-Royce says ‘worst behind us’ as it posts £4bn loss
admin, , Business, 0
While Rolls-Royce has lost billions and continues to burn through cash, investors will take some limited reassurance from this...
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Older workers ‘see biggest jobs fall since 1980s’
admin, , Business, 0
Nye Cominetti, senior economist at the Resolution Foundation, added: “In the face of the current crisis, unemployed older workers...
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US hints at September interest rate cut
admin, , Business, 0
The US central bank is moving closer to lowering borrowing costs for the first time in more than four...
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London still works for stock market listings, says We Soda boss
admin, , Business, 0
Mr Warren added that since the company had launched its flotation plans, “we’ve had almost 300 investors express interest,...
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On The Beach pulls all summer holidays from sale
admin, , Business, 0
“Unlike many of our competitors, we have no interest in selling holidays that are unlikely to happen, as our...
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Train strikes: When are they and which rail lines are running?
admin, , Business, 0
Staff working for seven companies will go on strike: Avanti West Coast, C2C, East Midlands Railway, CrossCountry, Great Western...
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M&S to close 30 more shops as Ocado deal pays off
admin, , Business, 0
Food sales were up 7%, clothing sales down by one third, with sales in High Street and city centre...
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