Jeevun Sandher, economist at Kings College London said “those who are able and willing to work are, generally, working. That is great news”. But he added: “The problem we face is that having a job does not mean you will earn enough to escape poverty. Even before this cost-of-living crisis, almost 70% of adults in poverty lived in working households. That has gotten significantly worse – half of us are now cutting back on food.”
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UK economy suffered record annual slump in 2020
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“We anticipate a sharp decline in activity during the first quarter of the year,” said Kemar Whyte, senior economist...
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Students cut back on food as cost of living soars
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The findings come as a separate survey by website Save the Student showed respondents spent £1,078 per month on...
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UK banking rules in biggest shake-up in more than 30 years
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Leading hedge fund manager Sir Paul Marshall of Marshall Wace recently described the London financial markets as a “Jurassic...
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Coronavirus: Sir Keir Starmer to call for furlough scheme replacement
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Image copyright EPA Sir Keir Starmer will call on the government to replace the furlough scheme and outlaw “firing...
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TransPennine Express loses contract over poor service
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The government will now run the service after months of delays and cancellations.
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Homebase to put mini-garden centres at Next stores
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So the chain is making space at its stores in Shoreham, Ipswich, Warrington, Camberley, Bristol and Sheffield, for garden...
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Euro falls below dollar for first time in 20 years
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The single currency has been worth more than the dollar for most of its history. It lagged below the...
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Why do companies get involved in social issues?
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“After the reversal of Roe v Wade several weeks ago, we have recognised the need to become even more...
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