Author: Sam Allcock

The Bank of England has held UK interest rates at 5%, signalling that the country is “gradually on the path down” from the higher borrowing costs seen in recent months. Governor Andrew Bailey confirmed the Bank’s decision not to raise rates further, noting that inflation has “come down a long way.” However, he emphasised that more evidence is needed to ensure inflation remains low before making further reductions. Despite the decision to hold rates, inflation is still slightly above the Bank’s target, with the latest figures showing a rate of 2.2% last month. This was an improvement from previous months,…

The UK national debt has soared to 100% of the country’s GDP, marking the highest level since the 1960s. This milestone poses a significant challenge for Chancellor Rachel Reeves as she prepares for the upcoming budget, scheduled for the end of October. According to figures from the Office for National Statistics (ONS), the UK’s debt as a percentage of gross domestic product (GDP) rose by 4.3 percentage points over the past year, culminating in a debt level equivalent to the nation’s entire economic output. In August alone, government borrowing—the difference between public sector expenditure and income—stood at £13.7bn, which is…

Global video game commerce company, Xsolla, has announced a collaboration with AbleGamers for a charitable initiative at TwitchCon 2024, aimed at improving accessibility in gaming for people with disabilities. This partnership will feature an interactive campaign designed to raise funds and awareness for AbleGamers, a charity that helps gamers with disabilities by fostering inclusivity and developing assistive technologies. The campaign, which will take place at Xsolla’s booth (Booth 1515-SW), offers TwitchCon attendees the chance to collect one of two limited-edition charity pins. The pins are specially designed, with 1,000 featuring Xsolla’s iconic Cat logo and another 1,000 created in collaboration…

This month marks the introduction of innovative sweet treats from renowned brands, enhancing supermarket shelves across the UK.KitKat has reintroduced its beloved Cookies and Cream flavour, adorned with a smooth coating and eco-friendly packaging.Little Moons debuts bite-sized cheesecakes in delectable flavour combinations available at major retailers.Müller expands its Light Protein Pudding line with new enticing flavours that are health-conscious and HFSS compliant.Fruit-tella introduces ‘Out At Night’ jellies, appealing with charming shapes and fruity flavours.Walker’s Shortbread taps into the on-the-go market with its new snack-sized product, ‘Wee Shorties.’KitKat is bringing back its fan-favourite Cookies and Cream biscuit bar, which combines milk…

M&S collaborates with Chef Tom Kerridge for a new Gastropub range, enriching dining options.The range includes 25 upgraded recipes and 20 new dishes available at M&S Foodhalls and Ocado.A comprehensive media campaign will promote the 20th anniversary of the Gastropub range.A new podcast, “Proper Taste Pub Quiz”, hosted by Tom Kerridge, extends M&S’ digital presence.Renowned personalities will feature in the podcast promoting M&S’s quality food offerings.M&S has joined forces with Chef Tom Kerridge to launch an innovative Gastropub range, marking a significant enhancement in the retailer’s culinary offering. Available at M&S Foodhalls and Ocado, this collection boasts 25 upgraded recipes…

New data has shown that Rutland has the highest proportion of top-performing A-level students in England, with nearly 40% of its results consisting of grades A or above. The findings come from an analysis by tuition provider Teachers To Your Home, based on 2024 data from the Office of Qualifications and Examinations Regulation. Rutland topped the list with 39.7% of its A-level results being A grades or higher. Students in the small East Midlands County excelled particularly in subjects such as Art and Design, where 63.2% of students achieved an A or above, compared to a national average of 32%.…

Labour proposes new legislation to reform zero-hours contracts, requiring regular contracts after three months.The push aims to address ‘exploitative’ practices, but specifics are still under discussion.Inspired by McDonald’s 2017 model, the three-month threshold seeks to balance worker protection with business needs.Concerns from businesses highlight potential growth and job costs amid the reforms.Conflicting opinions within the government focus on probation periods for new employment rights.The Labour Party has announced plans for new legislation that would require employers to offer zero-hours staff regular contracts with guaranteed hours after a three-month period. This initiative, spearheaded by Deputy Prime Minister Angela Rayner and Business…

Peratech, a specialist in touch sensor technology, has secured $31.5m in funding from IP investors.The investment supports the enhancement of Peratech’s quantum tunnelling composite technology and haptic feedback systems.The funding round was led by Dark Matter Partners and involved both new and existing investors.Peratech’s technology is being used in various electronics, including PCs, laptops, and gaming controllers.The capital will aid in expanding Peratech’s influence in the electronics and automotive markets.Peratech, recognised for its advanced touch sensor technology, recently obtained $31.5m from IP investors. This funding is indicative of confidence in Peratech’s unique quantum tunnelling composite (QTC) technology and haptic feedback…

Wales is considering a 25% income tax cut to address rural depopulation and safeguard the Welsh language.Inspired by Spain’s approach in the Castilla-La Mancha region, this initiative aims to stimulate economic and social activity in rural areas.A commission established in 2022 suggests that tax incentives could retain young residents and support the local economy.A survey indicates that 81% of young people in western Wales feel compelled to leave for career advancement.Concerns arise over the potential impact on public services and the effectiveness of tax cuts in preventing depopulation.Inspired by the Castilla-La Mancha region in Spain, the proposal for a 25%…

Consumer confidence in the UK has sharply declined amid rising concerns over economic stability.The latest GfK consumer confidence index showed a decrease of seven points, hitting -20.Concerns are growing over potential tax increases in the upcoming Budget, affecting both consumer and business sentiment.A decline in household spending willingness and business investment are key factors in the economic downturn.City leaders and economists have urged political figures to present a more optimistic economic outlook.The GfK’s latest consumer confidence index reflects a significant drop of seven points to -20 in September, highlighting mounting anxieties over personal finances and the broader economic landscape. A…