Tag: Featured

    Inflation in August jumped to its joint-highest level since the vote to leave the European Union last year, as Brexit continues to push up the cost of living in the UK. The UK's Consumer Prices Index (CPI) inflation rate — the key measure of inflation was 2.9% in August, up from 2.6% in the previous month, according to the Office for National Statistics. Inflation had been expected to climb to 2.8% from the 2.6% level seen in both June and July, according to economists polled before the release, but just exceeded those expectations. CPI measures the weighted average of prices of a basket of goods and services, such as food, transportation, and medical care. CPIH, a measure which includes costs associated with maintaining a home — and which the ONS cites as a more usef...

    Shoppers are being urged to check their new £10 notes for serial numbers that could earn them thousands of pounds. The new notes are released on Thursday and estimates have been made as to which serial numbers collectors will be desperate to obtain. The Bank of England are hosting an auction on October 6, where there will be the opportunity to bid for a series of the special notes. The codes that will be available to bid for will be announced on Friday. They refused to comment on the prices that they are expecting to receive, but did point out that a similar auction for the new £5 notes proved very popular last year. A spokesman said: In total we received £194,500 from the auction last year, including a bid of £8,500 for a single £5 note. Every note is unique. Last year we...

    Senior Tories MPs warn May over Brexit bill after MPs vote for second reading. Conservative MPs have warned Theresa May that their support for her government’s Brexit legislation is not unconditional, as they demanded significant changes to the EU withdrawal bill within minutes of backing it. Parliament’s post-midnight vote resulted in the prime minister facing no rebellion from within her party, as the government secured a victory of 326 to 290. The result handed May an effective Brexit majority of 36 after seven Labour MPs Ronnie Campbell, Frank Field, Kate Hoey, Kelvin Hopkins, John Mann, Dennis Skinner and Graham Stringer – defied their own party whip to support the government, arguing that the referendum demanded the legislation be passed. Pro-European Union and anti...

    The number of EU citizens the Government is deporting from the UK has rocketed since the Brexit vote, despite ministers promises to guarantee residents rights, The Independent can reveal. Analysis of official government data shows there were 26 per cent more enforced removals of EU nationals in the first three months of 2017 than in the same period last year. Almost 5,000 EU citizens have now been deported from Britain in the last 12 months: the highest since current records began and an increase of 14 per cent in the last year alone. The figures come after a leaked Home Office memo revealed comprehensive plans to significantly restrict immigration from Europe when Britain leaves the EU. Meanwhile, Tony Blair yesterday called for tough new rules to allow Britain to curb EU...