Category: Uncategorized
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UK Economy deteriorated materially.
The UK’s economic outlook has ‘deteriorated materially’, leaving households with a ‘very uncertain’ future, the Bank of England has warned. Families’ budgets are likely to be ‘stretched’ in the coming months, the Bank said in its latest Financial Stability Report. Meanwhile, commercial banks were told to double their defences against a potential recession. Inflation –…
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UK Food Inflation.
Food price inflation in Britain is likely to peak at up to 15% this summer and will remain at high levels into 2023, a prominent grocery industry researcher warned on Thursday, dealing another blow to the country’s cash-strapped consumers. In its latest report, the Institute of Grocery Distribution (IGD) said the most vulnerable households in…
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ENERGY BOOST
Who is eligible for the £650 one-off payment to help with energy bills and when’s the deadline for applying? THE Chancellor Rishi Sunak has unveiled a £15bn package aimed to support households hit by the cost-of-living crisis and the rising cost of energy. The bail-out includes a one-off cost-of-living payment, but who’s eligible and when do…
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The dollar slipped on Monday as investors kept up selling pressure
The dollar slipped on Monday as investors kept up selling pressure, cutting bets on further dollar gains from rising U.S. rates, while turning hopeful that loosening lockdowns in China can help global growth and exporters’ currencies. U.S equity futures bounced sharply in the Asia session and pulled the region’s risk-sensitive currencies along for the ride,…
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Man who overpaid taxes for 12 years urges Britons: ‘Check your tax code!’
Having an incorrect tax code could see one overpaying, underpaying or missing out on their entitlements for months or even years until they decide to check it.Getting the incorrect tax code is a simple error that can easily be solved by contacting HMRC online or through, 0300 200 3300. Britons have been urged to check their codes are…
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Russia-Ukraine war: Swiss traders want to invest more directly in Africa❗️
Russia-U By Olivier CaslinPosted on Wednesday, 4 May 2022 Faced with rising commodity prices that have accompanied the war in Ukraine, international traders, most of whom are based on the shores of Lake Geneva, are urgently reorganising their supply chain, with a particular focus on Africa. By deciding on 29 February to align itself with Western…
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You can claim extra £40 on top of £150 council tax rebate – see who’s eligible
Thousands of people across the UK may be eligible for a boost on top of the £150 council tax discount. The money could help the lowest-earning households manage rising bills as a cost of living crisis grips the nation. Under the terms of the council tax grant, households in property bands A to D will get a £150…
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Uber drivers and self assessment
A lot of people and students who are looking to make some extra money are taking up Uber as a source of additional income. In Uber, the drivers are called the partners and are treated as self-employed. A full time uber driver can make an average of £31,000 according to indeed an employment related website.…
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Morocco to supply energy to UK
Morocco energy supplies ‘half the price of nuclear’ to enter UK via world’s longest cable.The UK Government is currently in discussions with XLinks to build and carry energy through the Morocco – UK Power project, which is a “first of its kind” underwater cable that will give Britain access to vast quantities of renewable energy.…
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Credit Suisse sued in U.S. over alleged business related to oligarchs
A group of people and entities have filed a class action lawsuit against Credit Suisse (CSGN.S), alleging that the Swiss bank misled investors over business dealings related to Russian oligarchs, law firm Pomerantz LLP said. Credit Suisse did not comment when contacted by Reuters. The lawsuit, filed in a New York district court, is on behalf…
DBA Accountancy 