In one example, a family made up of a couple with two children under the age of 14 in “very deep poverty” that had an income of £14,600 after housing costs, would need about £12,800 on top of their existing income just to reach the poverty line, the charity said.
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Kwasi Kwarteng: Investors wary as economic plan brought forward
admin, , Business, 0
Providing reassurance on that score will likely mean confirming unpalatable news for others. For most economists reckon that, even...
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Coronavirus: Local lockdowns ‘stifling jobs recovery’
admin, , Business, 0
The think tank’s analysts said in general, the lag in hiring was concentrated in sectors exposed to Covid-19 restrictions,...
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Mortgage affordability test scrapped by Bank of England
admin, , Business, 0
“The change in the affordability rules may not be as significant as it sounds as the loan-to-income ‘flow limit’...
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Selfridges sold for £4bn to Thai-Austrian alliance
admin, , Business, 0
“Together we will work with the world’s leading architects to sensitively reimagine the stores in each location, transforming these...
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Pandemic impact ‘yet to be felt’ on High Streets
admin, , Business, 0
Richmond, on the edge of south-west London, has suddenly found itself with a challenge on its hands. It’s a...
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Mortgages refused for self-employed who took Covid grants
admin, , Business, 0
“I feel unfairly penalised. Furlough has been brilliant in that it has protected my job. But I didn’t expect...
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Hospitality sector ‘anxious’ over summer staffing
admin, , Business, 0
“I am very sceptical about a skills-based immigration policy because we have no shortages in those areas, but where...
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How the computer games industry is embracing AI
admin, , Business, 0
“The engine allows developers to add AI agents that can see, sense, and perceive the world around them, while...
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