But Darren Jones, shadow chief secretary to the Treasury, said while it was the Bank of England’s “independent right” to set interest rates, it was “bad news for people at home having to reset their mortgages for the years ahead at a more expensive rate and people to have to pay rent for their homes”.
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Covid: Virgin Holidays ‘must pay refunds or face court’
admin, , Business, 0
Newlyweds David and Natalie Rogers, from Dudley, saved for two years for their dream honeymoon safari trip in Kenya...
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People face biggest drop in living standards since 1956
admin, , Business, 0
But the OBR, which publishes its economic forecasts twice a year, said Russia’s invasion of Ukraine had “major repercussions...
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UK scraps Covid-19 vaccine deal with French firm Valneva
admin, , Business, 0
In a statement on its website, Valneva said: “Valneva SE, a specialty vaccine company, today announced that it has...
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Energy saving to return to prevent winter blackouts
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Alongside maintaining its energy-saving scheme for households to get discounts on bills, it said it was holding discussions about...
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Chinese tech giant Tencent told to suspend new app roll outs
admin, , Business, 0
In recent months the industry has seen a deluge of action taken against it, including crackdowns on ecommerce firms,...
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Cryptocurrency heist hacker returns $260m in funds
admin, , Business, 0
“Either they just intended to commit theft and steal the assets, or they were acting like a white hat...
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Covid: Asia follows global shares slide amid recovery fears
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“Investors are concerned that the rapid spread of the Delta variant will derail the trajectory of the global recovery,...
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More than 20 councils replacing pay and display parking machines with apps
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The BBC collated figures for 244 councils across England, which are responsible for parking. Out of the 242 councils...
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