The government has been compelled to cover nearly £45 billion in losses incurred by the Bank of England over the past year, raising concerns about the sustainability of current monetary policies. According to the Bank’s annual report, a transfer of £44.5 billion from the Treasury was necessary in the 2023-24Continue Reading
Labour’s January introduction of VAT on private school fees has caused widespread concern among parents and independent schools, predicting inevitable closures due to the unexpected timing. Parents have expressed shock and dismay over the Chancellor’s decision to impose VAT on private school tuition fees from January, mid-academic year. Monday’s announcementContinue Reading
In the competitive online gaming world, “smurfing” has become a notable phenomenon. This practice, where skilled players create new accounts to compete against less experienced opponents, significantly impacts lower-ranked players’ gaming experiences. As esports and competitive gaming grow in popularity, understanding smurfing’s effects has become crucial for the entire gamingContinue Reading
We are excited to announce that Walletto has become a Public Interest Entity (PIE) from the 1st of July 2024. Following a recent legislative change, this status was granted to entities that play an important role in the financial sector due to the scale of their operations. The Director ofContinue Reading
McDonald’s global sales have declined for the first time in nearly four years, with a 1% drop in the second quarter as inflation-weary consumers choose to eat at home or opt for cheaper menu options. The company expects same-store sales to continue falling over the next few quarters and isContinue Reading
The world has undergone significant transformations since 2020, driven by lockdown regulations, technological advancements, and shifting consumer behaviours. Businesses have had to adapt and evolve to survive and thrive in this new landscape. In this article, we will explore the changes that have taken place across various industries and highlightContinue Reading
Rachel Reeves will eliminate winter fuel payments for 10 million pensioners to help fund substantial public sector pay increases. The Chancellor announced plans to save £5.5bn this year, addressing a £22bn shortfall in public finances left by the previous government. The majority of the savings will fund a £9.4bn payContinue Reading
Effectively communicating your Environmental, Social and Governance (ESG) credentials through content marketing is an essential prerequisite of companies of all sizes today. However, there are three key trends surrounding ESG at the moment to be aware of: The first is the politicisation and controversy of ESG as a term despiteContinue Reading
Hundreds of ScotRail workers could walk out in September unless they receive a “credible” pay offer, a union has warned. Unite, which represents more than 300 workers at the publicly-owned railway operator, has become the latest union to announce a strike ballot for its ScotRail workers in a dispute overContinue Reading
Ofgem has announced moves to help drive flexible electricity use as the UK increasingly switches to wind and solar power under aims to make savings of up to around £70 billion by 2050. Britain’s energy watchdog said it has hired Elexon to act as market facilitator for local energy flexibilityContinue Reading
