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News Archive
16/11/2022
Consumer Price Inflation, UK - October 2022
The Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 9.6% in the 12 months to October 2022, up from 8.8% in September 2022. The largest upward contributions to the annual CPIH inflation rate in October 2022 came from housing and household services (principally from electricity, gas, and other fuels), food and non-alcoholic beverages, and transport (principally motor fuels).
16/11/2022
Dramatic Stagnation To Improvements In Living Standards Affecting Scotland's Health
New research shows socioeconomic inequality in Scotland above average compared to other European countries. Improvements in living standards - which we had come to expect in the decades before 2010 - have stalled dramatically in Scotland since 2010, affecting the health of the population.
16/11/2022
Over Seven Million £324 Payments Made To Families By Government In Last Week Alone
Over seven million payments of £324 have already been made to low-income families through the government's cost of living support. This means £2.3 billion has been paid out to over 99% of those eligible via DWP across England, Scotland, Wales and Northern Ireland since the beginning of the rollout last Tuesday.16/11/2022
Mortgaged Millennials To Bitterly Cold Boomers: The Cost Of Living Crisis Across Generations
Rising energy bills are with us and rising mortgage bills are on the way. While wages are falling far behind inflation, debates rage about whether benefits or the state pension should do the same.
16/11/2022
Innovative Health Technology Helping Patients
An innovative new procedure which speeds up cancer diagnosis has now benefitted more than 5,000 patients. The cytosponge diagnostic service, introduced during the pandemic, means patients can access cancer checks closer to home, helping to reduce the strain on health services.16/11/2022
Scotland To Push Energy, Nature And Justice At Cop27
Scotland will bring to COP27 its experience of work to deliver a just transition in the energy sector to support other countries to make the shift to renewable and cleaner, greener energy, Environment Minister Màiri McAllan has said. Speaking ahead of a first full day of meetings and engagements at COP27 in Sharm-El-Sheikh, the Minister said that an approach to energy security which focuses on sustainability, energy efficiency and renewable and low carbon energy is far better than increasing reliance on fossil fuels.16/11/2022
UK And US Must Work Together To Promote Free Trade And Future-proof Our Economies
Thank you Ryan, that's a fantastic and accurate introduction. So thank you, it’s a real pleasure to be speaking this evening at the CATO Institute.
16/11/2022
Are We In A Recession? And, What To Expect From Thursday's Autumn Budget...
Chair: Allison Catalano, Economist, Fraser of Allander Institute. Guest: Professor Mairi Spowage, director of the Fraser of Allander Institute.16/11/2022
Planned Student Loan Interest Rates Cut Again Due To Market Rates
Student loan interest rates to be capped at 6.3% from September 2022 due to market rates. Student loan borrowers will be further protected from rising inflation rates with additional cuts to planned interest rates from September for those on Plan 2 and Plan 3 loans.
16/11/2022
Scottish Secretary Comments On November 2022 Labour Market Stats
Alister Jack says focus must remain on growing the economy in the face of global challenges for the good of people in Scotland and all over the UK. Scottish Secretary Alister Jack said, "Scotland's labour market remains strong, with today's figures showing unemployment still at near record lows and significantly more people on the payroll than at this time last year.
16/11/2022
Inflation Climbs Again To 11.9% In October To A 41 Year High - Annual 65.7% For Electricity And 128.9% For Gas
Consumer Prices Index including owner occupiers' housing costs (CPIH) annual inflation was 10.5% for low-income households (those in the second income decile) and 9.1% for high-income households (those in the ninth income decile) in the year to October 2022, compared with an all-households rate of 9.6%. Consumer Prices Index (CPI) annual inflation was 11.9% for low-income households (those in the second income decile) and 10.5% for high-income households (those in the ninth income decile) in the year to October 2022, compared with an all-households rate of 11.1%.
16/11/2022
Producer Price Inflation UK - October 2022
Producer input prices rose by 19.2% in the year to October 2022, down from 20.8% in the year to September 2022. Producer output (factory gate) prices rose by 14.8% in the year to October 2022, down from 16.3% in the year to September 2022.
15/11/2022
Cleaner, Greener, Self-charging Trains Of Tomorrow To Revolutionise British Rail Travel
Winners announced for the First of a Kind (FOAK) 2022 competition. self-charging trains and pioneering batteries among projects to be funded by Department for Transport.
15/11/2022
‘Scotland's National Care Service Bill Must Be Withdrawn' - Unison's Scottish Secretary To Tell Parliament
UNISON's Scottish Secretary, Tracey Dalling, will be giving evidence to the Scottish Parliament today (Tuesday 15 November 2022) and calling for the National Care Service (Scotland) Bill to be withdrawn. UNISON, Scotland's largest trade union, supports the idea of a National Care Service but says the Bill the Scottish government is proposing is not fit-for-purpose.15/11/2022
Smart Meters Are A Smart Decision For Your Business This Winter
Firms of all sizes are currently confronted by a host of challenges, from soaring energy bills, labour shortages, spiralling inflation, and climbing interest rates. As a business owner, you need to ensure that your doors stay open and that your business can thrive no matter what the season brings. Did you know that a smart meter could help your business this winter and beyond? Smart meters are the next generation of gas and electricity meters currently being rolled out in homes and small businesses across Great Britain by energy suppliers.
15/11/2022
Crypto: What Could More Regulation Mean For The Future Of Digital Currencies?
The founder of the world's largest cryptocurrency exchange, Binance CEO Changpeng Zhao, has called for more regulatory clarity after a week of crypto market chaos and a year in which investors are estimated to have lost US$2 trillion (£1.7 trillion). "We do need to increase the clarity of regulations and the sophistication of regulations in the crypto space," Zhao said to a gathering of G20 leaders at a summit in Bali.15/11/2022
British Shipyard Awarded £4.2 Billion To Build Royal Navy Ships
4,000 UK jobs will be supported by the new contract, awarded to BAE Systems, to build the second batch of Type 26 frigates. A British shipyard has been awarded a £4.2 billion contract to build the second batch of Type 26 frigates for the Royal Navy.
15/11/2022
Slowing Global Economic Growth is Increasingly Evident, High-Frequency Data Show
Global economic growth prospects are confronting a unique mix of headwinds, including from Russia's invasion of Ukraine, interest rate increases to contain inflation, and lingering pandemic effects such as China's lockdowns and disruptions in supply chains. In turn, our latest World Economic Outlook, released last month, lowered our global growth forecast for next year to 2.7 percent, and we expect countries accounting for more than one third of global output to contract during part of this year or next.
15/11/2022
Cairngorm Funicular Reinstatement Enters Final Stages - Service Due To Relaunch Early Next Year - Final Cost £25million
One of Scotland's most complex and challenging civil engineering projects of recent years - the multi-million pound reinstatement of the Cairngorm funicular railway - is entering its final stages. One of Scotland's most complex and challenging civil engineering projects of recent years – the multi-million pound reinstatement of the Cairngorm funicular railway – is entering its final stages.
15/11/2022
G-20 Report On Strong, Sustainable, Balanced, And Inclusive Growth
Executive Summary The global economy has weakened amid a materializing of downside risks. Three key factors are weighing on the global growth outlook: (i) persistently high and broad-based inflation is necessitating a tightening of monetary policy in many major economies (ii) the growth momentum in China remains weak amid intermittent pandemic lockdowns and the worsening property market crisis; and (iii) Russia's invasion of Ukraine and associated sanctions have contributed to continued supply disruptions, rising food insecurity, and energy concerns—particularly in Europe amid a sharp reduction in Russian gas supply.
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