UK News

UK inflation increased to 2.5% in the 12 months to June 2021

UK inflation rises to 2.5% in June 2021

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New data reveals that UK inflation increased to 2.5% in the 12 months to June 2021, surpassing the Bank of England's (BoE) 2% target rate for a second consecutive month. The US has also experienced a surge in inflation, rising to a 13-year high of 5.4% during the same period. However, central Banks have labelled the rise as transitory and believe inflation rates will return to normal levels in 2022.

Quarantine-free travel for double-jabbed Britons

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UK Transport Secretary Grant Shapps will announce today that Britons who have received both doses of a coronavirus vaccine can enjoy quarantine-free travel to amber list countries. Mr Shapps is expected to enforce the new travel rules from 19th July 2021, creating extra freedom for UK holidaymakers.
COP26 UN climate change summit in Glasgow

UK climate change targets could add £469 billion to national debt

UK Prime Minister Boris Johnson’s target for the country to reach net-zero carbon emissions by 2050 could add GBP 469 billion to UK national debt, says the Office for Budget Responsibility (OBR). However, taking early action against climate change will lessen the impact on the UK economy as the OBR confirm climate change, coronavirus and cyber-attacks as the three biggest financial threats.
State pensions for the next generation

UK pensions schemes divide private and public sector workers

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Although funding for UK pension schemes is improving now that the surplus is growing, the divide between private and public sector workers continues to deepen. According to new research, private-sector workers receive an average of GBP 3 for each GBP 1 saved towards their pension, compared to GBP 10 for public sector workers...
Rishi Sunak announces new green savings bonds

Rishi Sunak announces new green savings bonds

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In a bid to reach net-zero emissions by 2050, the UK is placing further emphasis on climate change and funding environmental initiatives. Today, UK Chancellor Rishi Sunak revealed plans for green savings bonds, which will help support eco-projects in the UK. Meanwhile, the Chancellor is also on the verge of securing a significant global tax deal for the UK…
London records weakest house price growth

UK house prices surge at the fastest rate in 16 years

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UK house price growth surges in June, with UK property prices now averaging at GBP 245,432 - a 13.4% increase over the last 12 months. UK Chancellor Rishi Sunak’s stamp duty holiday continues to buoy activity in the housing market. Nationwide housing data revealed that all areas in the country record growth, with property prices in London surging by 7.3%.

Sajid Javid to update MP’s on lifting UK COVID-19 restrictions today

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Sajid Javid replaced Matt Hancock as UK Health Secretary over the weekend, commencing duties immediately. Mr Javid will address MPs this afternoon to provide an update on the easing of coronavirus restrictions in the UK. While Mr Javid stated his aim to get the UK back to normal as soon as possible, the chief executive of the NHS Confederation has asked him to be a voice of caution…

UK house prices soar to record highs outside of London

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New data reveals UK housing prices have grown at their fastest pace in five years as buyers continue to take advantage of the stamp duty holiday.

UK GDP rebounds in February despite lockdown restrictions

UK economy returns to growth in February despite pressure from ongoing COVID lockdown restrictions. UK exports also recovered after January’s slump.