Hopes rise that UK might avoid recession after services sector rebound
Pound edges up as stronger economic growth increases chances of further interest rate rises A rebound across the UK’s services sector in February has raised hopes that the country might avoid recession in the first half of this year. Analysts said the bigger than expected surge in business activity appeared to show that the UK […]
Co-operative bank leads race to acquire Sainsbury’s mortgage book – Sky News
The Co-operative bank is reportedly the frontrunner in the bidding process for the £650 million mortgage loan book of supermarket chain Sainsbury’s, heralding a turnaround in the fortunes of the once distressed lender.
Quarter of UK households regularly run out of money for essentials, survey says
Charities find nearly 40% of people end the month with no money, and 67% say UK government not doing enough about crisis One in four households regularly run out of money for essentials and voters do not believe the government is doing enough to help, a group of charities have said. Nearly 40% of people […]
Energy crisis stemming from Ukraine war ‘cost £1k for every UK adult’
Conflict came on top of our over-reliance on gas, says Energy and Climate Intelligence Unit The UK’s over-reliance on gas has been blamed for pushing up bills as it emerged that the energy crisis stemming from the war in Ukraine had cost the equivalent of £1,000 for every adult. A study by the Energy and […]