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UK
Bank of England Says UK May Already be in Recession
The Bank of England has increased interest rates from 1.75% to 2.25% and said the UK may be in a recession already.
Isle Of Man Will Freeze Electricity Price Cap Until 2023
The Isle of Man’s government has made the decision to freeze electricity prices until March 2023 to protect people and businesses from spiralling bill costs this winter.
CBI Warns Thousands Of UK Firms Will Collapse Due To Energy Crisis
The Confederation of British Industry (CBI) has warned that spiralling energy costs could easily push thousands of UK businesses to the brink of collapse if further government support is not granted.
EDF Warns Britain Faces “Catastrophic” Winter Amid Spiralling Energy Costs
A top boss at energy giant EDF has warned that Britain will face a “dramatic and catastrophic” energy crisis this winter, with half of households being plunged into fuel poverty amid spiralling energy costs.
Thousands Sign Petition Calling For Emergency Budget As UK Inflation Exceeds 10%
Over 100,000 people have signed a petition supporting former prime minister Gordon Brown’s call for an emergency budget to be introduced amid the cost-of-living crisis.
