According to data from the Office for National Statistics (ONS), UK inflation increased by 7% in the 12 months to March, marking the highest rate since 1992.
The Trades Union Congress (TUC) is calling on the Chancellor of the Exchequer Rishi Sunak to deliver an emergency budget to support families through the cost of living crisis. From April 1, the energy price will rise by a record 51%.
According to CNBC, the UK government will soon reveal plans to regulate the cryptocurrency market, with particular focus given to stablecoins — digital assets that obtain their value from existing currencies such as the US dollar.
Chancellor of the Exchequer Rishi Sunak has announced a new support package in his Spring Statement to help tackle the spiralling cost-of-living impacting households across the UK.