The Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. The MPC adopts a medium-term and forward-looking approach to determine the monetary stance required to achieve the inflation target sustainably.
Members of the Economy and Infrastructure Committee will have the opportunity to discuss progress being made for the Community Wealth Building action plan when they meet next week. The Council's Community Wealth Building Strategy 2024 - 2027 provides an alternative approach to economic development and a practical response that aims to keep wealth within a local area.
Director jailed for Bounce Back Loan fraud and transferring criminal property. Arti Deda overstated the turnover of his Knight Workers Limited company to secure two Bounce Back Loans when companies were only entitled to one.
On Thursday, 6 February 2025 UK Government Scotland Office Minister Kirsty McNeill spoke at the NFU Scotland conference in Glasgow. Good morning everyone, thank you for inviting me to be here with you today.
Households across the country are set to benefit from cheaper bills and warmer homes as the government accelerates its Plan for Change. Up to half a million households could be lifted out of fuel poverty by 2030 in major boost to standards in the private rental sector.
Some UK anti-dumping and anti-subsidy measures will expire in 2026. Affected UK producers can apply for an expiry review if they want the measures to be kept.
The Home Secretary brought together law enforcement and leading tech companies to drive new action to tackle mobile phone thefts. On Thursday 6 February 2025 the Home Secretary brought together policing leaders, the National Crime Agency, the Mayor of London and leading tech companies to drive new action to tackle mobile phone thefts and secure a collective effort to grip this criminality.
HMRC interest rates for late payments will be revised following the Bank of England interest rate cut to 4.5%. The Bank of England Monetary Policy Committee announced on 6 February 2025 to reduce the Bank of England base rate to 4.5% from 4.75%.
Lower-income households likely to be hit hardest from upcoming inflation spike. The Bank of England's decision to cut interest rates from 4.75 to 4.5 per cent was expected, but two votes for even larger cuts were not.
The WiSA mentoring programme is a 9-month scheme which matches established industry leaders with women in the sector keen to develop and grow their careers. About the programme Through one-to-one sessions, the mentoring programme will provide training and support for both mentees and mentors.
Endometriosis is a chronic gynaecological condition that has physical, psychological, social, and economic impacts; however, there has been no population-level analysis of the labour market impacts of this condition in England. There was a statistically significant average decrease in monthly earnings among women aged 25 to 54 years in England who received a diagnosis of endometriosis between April 2016 and December 2022, from one to five years after diagnosis, compared with the two-year period before being diagnosed with the condition.
New survey suggests 200k people claiming health and disability benefits are ready for work now if the right job or support were available. Comes as number of young people with a mental health condition who are economically inactive due to long-term sickness reaches over a quarter of a million (270,000).
10,473 deaths from alcohol-specific causes were registered in the UK, the highest number on record, but the rate of alcohol-specific deaths (15.9 per 100,000 people) decreased slightly compared with 2022, (16.6 deaths per 100,000 people). Age-specific rates decreased for the first time since 2020 for people aged between 25 and 59 years, while rates for those aged 20 to 24 and 60+ years remained similar to 2022.
Parents and carers urged not to miss out on support worth over £300 Parents and carers, with a child born between 1 March 2019 and 29 February 2020, risk missing out on hundreds of pounds worth of help if they don't apply for School Age Payment in time. The deadline is midnight on 28 February 2025.
UK-based orbital launch services company, Orbex, has announced a new customer agreement with D-Orbit, a market leader in space logistics and transportation. The partnership marks a significant milestone for Orbex and underscores its readiness for commercial launch services.
President Trump's rollercoaster tariff ride has resulted in new duties on all products arriving in the US from China and left Mexican and Canadian exporters in confusion. UK sellers could find new ways to fill the gaps, says the home delivery expert Parcelhero.
Start-up tech companies participating in the Scottish Government's Techscaler business accelerator programme have raised more than £118 million of capital investment in the past two years. It comes from both private and public sources and is supporting businesses in sectors such as medical technology, artificial intelligence and space.
More nuclear power plants will be approved across England and Wales as the Prime Minister slashes red tape to get Britain building - as part of his Plan for Change. Prime Minister puts Britain back in the global race for nuclear energy.
Armed forces recruits will be fast-tracked into specialist roles to tackle the growing cyber threat to the UK via a new recruitment scheme. New ‘cyber pipeline' will see recruits complete bespoke training within a matter of weeks.
Legislation to simplify the funding system for learners at college and university and apprentices in Scotland, has been published. The Scottish Government has introduced the Tertiary Education and Training Bill to Parliament, which is expected to examine it over the course of this year.
