Take the interest payable on central government debt: not horribly high in September, but in fact third lowest since monthly records began in 1997. The reason is that on about a quarter of its outstanding debt, the government pays interest linked to the old-fashioned Retail Prices Index measure of inflation, which has dropped sharply over the past year.
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Extreme poverty set for first rise since 1998, World Bank warns
admin, , Business, 0
Image copyright Getty Images Extreme poverty is set to rise this year for the first time in more than...
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Bank of England governor defends rate hike ahead of looming recession
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In response, Mr Bailey said: “If you go back two years… given the situation we were facing at that...
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Fitch downgrades US credit rating from AAA to AA+
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“In Fitch’s view, there has been a steady deterioration in standards of governance over the last 20 years, including...
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‘I was often the only women in the room, that’s changed’
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Mary O’Connor, acting senior partner at KPMG UK, said: “It’s hard to believe that as recently as 2011, 43%...
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Everyone got duped by Sam Bankman-Fried’s big gamble
admin, , Business, 0
The tweet was, as discussed, net bad. Billions gushed out of the platform in less than five days. When...
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Energy price cap will rise in January adding pressure on households
admin, , Business, 0
A typical household energy bill fell by £240 a year in October to £1,834 a year but, of that,...
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Northern English regions drive house price growth
admin, , Business, 0
“As for later this year and early next, the expectation is that while we won’t necessarily see prices fall,...
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Asos, Boohoo and Asda investigated over green claims
admin, , Business, 0
Sarah Cardell, interim chief executive of the CMA, said: “People who want to ‘buy green’ should be able to...
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