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Derry News

Predicted extreme poverty rise "alarming beyond description" says Derry Councillor

A report that projects a rise of 67 per cent in extreme poverty in the North has been described as “alarming beyond description” by a Derry Councillor. People Before Profit's Shaun Harkin said the predictions made in a report by the National ...

11 Feb 2022 at 11:33

City

Around 1.5m families will struggle to pay bills as UK set for recession – Niesr

Around 1.5 million UK households will struggle to pay food and energy bills amid a deepening cost-of-living crisis that will plunge Britain into a recession, according to a leading think tank. Soaring inflation compounded by the war in ...

11 May 2022 at 11:55

Rishi Sunak ‘may fall short on pledge to halve inflation in 2023’

Prime Minister Rishi Sunak is at risk of failing in his pledge to halve inflation this year, according to an economic think tank. The National Institute of Economic and Social Research (Niesr) forecast that inflation will remain ...

11 May 2023 at 08:49

UK economy faces ‘stuttering growth’ due to higher interest rates – think tank

The UK economy will witness “stuttering growth” over the next two years amid pressure from higher interest rates and increased unemployment, according to a think tank. The National Institute of Economic and Social Research ...

09 Aug 2023 at 05:12

Real incomes ‘will not return to pre-Covid levels until 2026 for many families’

The real incomes of the poorest half of UK families will not get back to their pre-pandemic levels until the end of 2026, new analysis has suggested. The National Institute of Economic and Social Research (NIESR) said it ...

08 Nov 2023 at 00:01

Next government ‘will need to raise taxes to maintain public services’

The winner of the next general election will have to raise taxes to maintain the current provision for public services, according to new analysis by a leading think tank. The National Institute of Economic and Social ...

09 May 2024 at 00:01

‘Not true’ that Chancellor wasted £11bn in debt interest, says Treasury minister

A Treasury minister has said claims that the Chancellor has wasted £11 billion of taxpayers’ money by paying too much interest servicing Government debt are “not true”. The National Institute of Economic and Social ...

10 Jun 2022 at 13:15

£50bn more public spending needed each year for long-term growth – think tank

Spending must rise sharply under the new Government to bring UK public services “up to scratch”, according to a leading think tank. The National Institute of Economic and Social Research (NIESR) said an extra £50 ...

07 Aug 2024 at 00:01

World economic growth hinges on impact of US tariffs, Bank policymaker says

Future growth in the world economy hinges on how US tariffs affect global trade, although the impact on UK inflation could be less than feared, a Bank of England interest rate-setter has said. Economist Swati ...

26 Feb 2025 at 18:14

Chancellor on track to miss fiscal rules, says economic forecaster

The Government is on track to miss its key fiscal rules, increasing the likelihood of tax hikes later this year, an economic think tank has warned. Economic growth is also on track to be weaker than ...

08 May 2025 at 08:33

City

Chancellor warned ‘tax rises needed to fill £51bn black hole in public finances’

Chancellor Rachel Reeves will likely have to raise taxes as part of “substantial” action needed at the autumn budget to plug a £51 billion black hole in the public finances, a major economic think ...

06 Aug 2025 at 09:44

City

Chancellor ‘must raise taxes to help plug £40bn-plus gap to meet fiscal rule’

The Chancellor must resort to “moderate but sustained” tax rises to help repair Britain’s battered public finances as she faces missing one of her fiscal rules by more than £40 billion, an ...

06 Aug 2025 at 00:01

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