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News Archive
7/8/2023
What Will Happen To House Prices? - No Surprise When The Gains Party Is Over
If you want to read an economics blog that is more than often correct then try Notayesmanseconomics's Blog. Today 7 August 2023 some reflections about house prices may give you some pause.7/8/2023
Employers and Landlords Targeted By UK Government For Dealing With Illegal Immigrants - Fines Tripled
Fines are to be more than tripled for employers and landlords who allow illegal migrants to work for them or rent their properties, in the biggest shake up of civil penalties since 2014, the Home Secretary announced today (Monday 7 August 2023). The civil penalty for employers, which was last increased in 2014, will be raised to up to £45,000 per illegal worker for a first breach from £15,000, and up to £60,000 for repeat breaches from £20,000.6/8/2023
New Tech Partnership To Stop The Boats
Partnership with social media companies to clamp down on people smugglers' operations online. Illegal crossings remain down on last year and returns are at their highest level since 2019.6/8/2023
Net Zero - Direct Costs Of Climate Policies Aren't A Major Barrier To Public Support, Research Reveals
Amid headlines of wildfires raging across Europe and Africa and flooding in China, the UK government took the bewildering choice to expand fossil fuel extraction. Prime minister Rishi Sunak declared that more than 100 new oil and gas drilling licences would be granted for the North Sea in 2023, sparking widespread criticism and incredulity from climate experts, business leaders and some within his own party.6/8/2023
Almost Half Of Children Saw Their Social And Emotional Skills Worsen During The Pandemic - And Economic Turbulence Played A Role
Nearly half of parents (47%) reported that their child's social and emotional skills had worsened during the first year of the COVID-19 pandemic. By contrast, just one in six children saw their social and emotional development improve over this period.
6/8/2023
Bank Suggests 350,000 Rise In Unemployment Is The Price To Pay For Bringing Down Inflation
The Bank of England continued the largest cycle of rate rises in more than 30 years with an unprecedented fourteenth increase in a row, but the main news in today's announcement was gloomy forecasts that point to a weaker GDP outlook and a sharp rise in unemployment as the price we all must pay for bringing inflation back to target. The Resolution Foundation (Thursday 3 August 2023) response to the Bank's latest Monetary Policy Report (MPR).6/8/2023
Bereaved Parents Reminded To Check Eligibility For Financial Support
Bereaved parents who lost their partner between 9 April 2001 and 8 February 2023 may be eligible for backdated government payments. In February the Government extended eligibility for Bereavement Support Payment and Widowed Parent's Allowance to cohabiting parents with dependent children - benefits designed to help with the financial impact of losing a partner.6/8/2023
An Immediate Response To The Scottish Fiscal Framework Review
We know this is a dry topic but possibly one of the most important for the future of financial life in Scotland. The Institute for Fiscal Studies casts an eye over the latest agreement.6/8/2023
Supporting People In Hardship
Organisations at the frontline of helping people facing poverty and hardship can now apply for a share of government funding to help tackle food insecurity. The £1.6 million Cash-First Fund is aimed at public sector and third sector partnerships to deliver cash grants for food and other essentials, helping to reduce the need for food parcels.5/8/2023
Dingwall and Highlands Marts Ltd - Sale 4 August 2023
DINGWALL., Dingwall and Highlands Marts Ltd., (August 4th) sold 7,628 Store lambs of all class at an average of £75.39 (- £3.23 on the year). Texel (2,532) averaged £75.04 (last year £82.34) and sold to £115 gross from Craiglands, Fortrose.5/8/2023
British Armed Forces Take Part In Largest Military Exercise Between UK, Australia, And US
The deployment demonstrates the UK's commitment to the Indo-Pacific and working with partners in the region. More than 150 UK personnel have joined troops from 13 other nations for Exercise Talisman Sabre, which took place across Australia and in adjacent waters, to advance a free and open Indo-Pacific.
5/8/2023
Financial Conduct Authority Sets Out 14-point Action Plan On Cash Savings
Today's plan follows a review of the cash savings market and a roundtable held with banks in early July. The FCA found that while interest rates on savings accounts have been rising, this has been happening more slowly for easy access accounts.5/8/2023
Government Welcomes Report On Electricity Networks As Critical To Britain's Energy Security
Energy Security Secretary Grant Shapps welcomes report from Nick Winser, the UK's Electricity Networks Commissioner, and will consider the recommendations before presenting an action plan. Electricity Networks Commissioner Nick Winser review will help UK take full advantage of its renewable energy success.
5/8/2023
The Risk Of The Bank Of England Massively Overshooting On Inflation Is High
Richard Murphy - Funding the Future, challenges the Bank of England decision on interest rate rises and what it may mean going forward. If there is one thing that I should be grateful to the Bank of England Monetary Policy Committee for it is that their incompetence provides me with seemingly endless material for this blog.5/8/2023
Almost Two-thirds Of Women's Working Hours Excluded From GDP Globally
A staggering sixty-five per cent of women's working hours are unpaid every week and excluded from official measures of economic activity, an Oxfam report has found. Radical Pathways Beyond GDP highlights how unpaid care - which accounts for forty-five per cent of all adults' working hours each week globally - is excluded from gross domestic product (GDP) calculations.5/8/2023
What Is The Impact Of A Housing Crash On Economy?
Economist Tejvan Pettinger looks at the problems if there is a big fall in housing values. High interest rates and falling house prices will fundamentally alter both the housing market, and also the economy.
5/8/2023
HMRC Late Payment Interest Rates To Be Revised After Bank Of England Increases Base Rate
HMRC interest rates for late payments will increase following the Bank of England interest rate rise to 5.25%. The Bank of England Monetary Policy Committee announced an increase to the Bank of England base rate from 5.00% to 5.25% on 3 August 2023.4/8/2023
Dounreay Supply Chain Newsletter July 2023
The Commercial team at Dounreay is committed to ensuring strong working relationships with the supply chain. The launch of Dounreay's supply chain newsletter will help us to keep the supply chain informed on current events on site and will be distributed quarterly.4/8/2023
Britain's US And EU First Quarter Goods Exports Smash Last Year's Results
Britain's first quarterly goods exports results for 2023 have significantly surpassed the same period last year. Exports to the UK’s key partners, the EU and USA, put Q1 2022’s figures firmly into the shade, says the international delivery expert ParcelHero.4/8/2023
Bank Of England Raises Interest Rate To 5.25% - 14th Increase
The Bank of England has announced a .25% rise in the interest rate. Economists predict rates may still rise further next month.Our Social Media
