Cast Of Thousands / Shutterstock UK chancellor Kwasi Kwarteng has announced a series of measures aimed at boosting the economy as the UK faces a recession and continued cost of living crisis. The budget is a political and economic gamble based on the logic that boosting consumption will bring investment and longer-term growth. The new […]

While most people in the UK were still in bed in the early hours of Monday morning, the pound dived. It fell over 4% during Asia trading to reach its lowest ever level against the dollar of US$1.035, while also hitting €1.079 against the euro. This was an exceptional fall, and continues its 3% decline […]

The UK economy has been dogged by slow growth for a long time. Combined with even slower growth in productivity, it has meant virtually no increase in living standards for the average family over the past decade. Now the new chancellor, Kwasi Kwarteng, has unveiled what he says is a radical plan to get growth […]

UK chancellor Kwasi Kwarteng has just launched the biggest package of tax cuts in half a century. This will involve around £45bn of reductions for people and businesses by 2027 – 50% more than anticipated before the mini-budget announcement. Amid the worst cost of living crisis in a generation, Liz Truss’s government wants to boost […]

The UK government is trying to stop spiralling energy costs affecting businesses. Viktollio / Shutterstock The UK government hopes to protect businesses and public sector organisations against spiralling energy costs with a package that parallels the price cap and support payments recently promised to households. But these significant interventions come with a large and imprecise […]

The UK’s new prime minister, Liz Truss, has made no secret of her admiration of her late predecessor, Margaret Thatcher. However, anyone expecting a swift return to Thatcherite policies in 2022 should probably take a closer look at Truss’s politics. To begin with, Truss is about to oversee a significant expansion of state intervention into […]

The EU has taken action as power prices have have spiked in line with gas prices this year. Viktollio / Shutterstock Europe is getting more of its power from renewable sources every year but, as the current crisis has shown, power markets remain at the mercy of increasingly volatile gas prices. The EU Commission has […]

Shutterstock/Sven Hansche At a time of rising prices and an ever increasing cost of living, there are at last signs of a financial boost for an industry toiling away at the economic coal face. British bankers, it seems, could be about to receive a hefty pay rise, with the new UK chancellor reportedly planning to […]

Shutterstock/Sven Hansche At a time of rising prices and an ever increasing cost of living, there are at last signs of a financial boost for an industry toiling away at the economic coal face. British bankers, it seems, could be about to receive a hefty pay rise, with the new UK chancellor reportedly planning to […]

A new family law is now in effect in Finland that redefines the length of parental leave and the amount or duration of child care benefits. For both parents. For the first time, both mothers and fathers are entitled to parental leave of the same length.   Both parents receive childcare allowance for 160 days each, […]