Enough with the GDP — it’s time to measure genuine progress – “Unlike GDP, the Genuine Progress Indicator is designed to measure economic performance from the perspective of ordinary American households, not corporations or Wall Street investors.”[1,2]…
Inflation is back, but Sunak is intent on taking money out of pockets
Analysis: Britain faces universal credit cut, public sector pay freeze and national insurance risePrices are climbing in the shops and consumers face an autumn crunch. Official figures show inflation rose at the fastest rate in a decade in August, as t…
People in the UK: are there things that have suddenly become unaffordable for you?
We’re keen to hear how people across the UK experience the impact of rising costsUK inflation has hit the highest figure in nearly a decade, having jumped to 3.2% in August, from 2% in July, the highest rate since March 2012.We’d like to hear how peopl…
Taxing the lower-paid could stop the economic recovery in its tracks
With a slew of bigger household bills approaching, Sunak is hampering growth and the green transition by being hawkishThere are plenty of nasty bills looming for the average British household that could persuade many to keep their savings firmly on dep…
UK GDP: growth stalls as rising virus cases and shortages hit recovery – business live
Rolling coverage of the latest economic and financial newsBREAKING: UK GDP rose just 0.1% in JulyService sector and manufacturing stalledONS: staff shortages a factorConstruction output fell as firms struggle to source raw materialsIntroduction: UK’s J…
UK economic recovery stalled in July amid worker shortages
GDP grew by only 0.1% despite removal of most Covid controls, with supply chain crisis making impactCoronavirus – latest updatesSee all our coronavirus coverageBritain’s economic recovery from the winter lockdown virtually stalled in July despite the r…
1.6m Britons still on furlough in July as scheme winds down
HMRC figures show need to continue support for hardest-hit sectors such as aviation, says Unite unionCoronavirus – latest updatesSee all our coronavirus coverageThe number of workers coming back from furlough fell sharply in July despite the removal of…
Halfords bike business suffers supply chain disruption; Delta variant fears hit markets – business live
Rolling coverage of the latest economic and financial newsIntroduction: Halfords says supply chain disruption hurting bike businessFactory constraints, transport disruption and staff shortages citedEuropean markets fall as amid slowdown worriesAmazon U…
Suspending the pensions triple lock is bad news for young people | Craig Berry
A one-off boost to pensions now isn’t unfair if it means greater security in retirement for generations to comeThe “triple lock” is the most high-profile and contested area of pensions policy. It is also the most misunderstood. The lock, which ensures …
Pensions triple lock to be suspended next year, government says
Work and pensions secretary tells MPs temporary move will prevent a hike in payments of 8%Today’s politics news – live updatesThe work and pensions secretary has announced the triple lock on the state pension will be temporarily suspended next year, to…