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How is the UK interest rate decided?
Posted onUK heatwave leave fridges struggling to deal with the heat
Posted onThe food industry has recognised that heatwaves are causing it a problem. Rupert Ashby, from the British Frozen Food Federation, said freezers are breaking down or being switched off in supermarkets in the extreme heat because the systems find it hard to deal with the high temperatures. “The way the fridges work is to cool…
OBR productivity forecast may add £20bn to Budget hole
Posted onThe government is facing a bigger-than-expected hole in the public finances as it prepares for next month’s Budget. A downgrade to the UK’s productivity performance from the government’s official forecaster could lead to the chancellor facing a £20bn gap in meeting her tax and spending rules, the BBC understands. Rachel Reeves has confirmed both tax…
Royal Mail misses delivery targets again but hails encouraging signs
Posted onRoyal Mail has once again missed its delivery targets for first and second class post, but said it is making progress towards the goals as its turnaround plan continues. The postal service delivered 85% of first class deliveries the next day between March and June, up from 76% in the same three months of 2025,…
Cambridge shelter resident says Budget must focus on housing
Posted onA man experiencing homelessness said he hoped the government would focus on increasing accessibility to housing in its upcoming Budget. Josh, 26, who is currently a resident at the night shelter Jimmy’s in Cambridge, said the availability of council housing and “move-on housing” – shared accommodation where people can receive support – was important. Chancellor…
