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Jan 20 2024

Prince Harry to be recognised as Living Legend of Aviation for services to British Army | US News

Prince Harry has arrived at an awards ceremony in Los Angeles where he will be recognised as a Living Legend of Aviation.

Just hours after the Duke of Sussex withdrew his libel claim against the publisher of the Mail on Sunday, he arrived at the Beverly Hilton Hotel in Beverly Hills, where he will be honoured for his work as a British Army veteran and pilot.

The 39-year-old completed two tours of Afghanistan as a forward air controller and an Apache helicopter pilot, having flown countless training missions in the UK, US and Australia.

He served in the military for 10 years, rising to the rank of captain, and later founded the Invictus Games – a sporting event for wounded military personnel and veterans.

Hosted by actor and aviation ambassador John Travolta, the duke will be inducted alongside US Navy pilot Fred George, former world speed record holder Steve Hinton, and Jeff Bezos’ fiancee, Lauren Sanchez.

Similar to her husband – who has already been inducted – Sanchez is set to receive the Elling Halvorson Vertical Flight Hall of Fame Award for her skills as a helicopter pilot and aviation businesswoman.

The duke was described as a “humanitarian, military veteran, mental wellness advocate and environmentalist” on the awards website.

“He has dedicated his life to advancing causes that he is passionate about and that bring about permanent change for people and places,” a statement read.

Earlier on Friday, Prince Harry dropped a libel claim against Associated Newspapers Limited over a February 2022 article about his legal challenge against the Home Office following a decision to change his publicly funded security arrangements when visiting the UK.

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The story claimed Harry “tried to keep details of his legal battle to reinstate his police protection secret from the public”.

A ruling was scheduled to take place between May and July, until the duke’s lawyers filed a notice of discontinuance at the High Court in London.

Meanwhile, a spokesperson said the duke’s focus remains “on the safety of his family” and on his legal action against the Home Office.

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Nov 17 2023

Retail sales ‘at lockdown level’ as poor weather and cost of living pressures weigh | Business News

Retail sales took an unexpected fall last month, according to official figures suggesting a slump to COVID lockdown levels with only online operators seeing growth.

The Office for National Statistics (ONS) reported a 0.3% decline overall in October 2023, following a fall of 1.1% in September.

A rise in volumes of 0.3% had been expected by economists.

Sales fell 1.1% in the three months to October when compared with the previous three months, the ONS added.

Its deputy director for surveys and economic indicators, Heather Bovill, said: “Retail sales fell again in October to their lowest level since February 2021 when widespread lockdown restrictions were in place.

“After rebounding in September, fuel sales dipped with increasing prices discouraging customers, while food sales also dropped as consumers prioritised essential goods.

“It was another poor month for household goods and clothes stores with these retailers reporting that cost-of-living pressures, reduced footfall and poor weather hit them hard.

“However, it was a better month for online retailers, the only main sector to report growth in October.”

Their volumes were 0.8% higher on the previous month, the data showed.

Of the rest, the sharpest decline, of 2%, was felt by fuel retailers.

Households still have good reason to be cautious given the squeeze on their finances from energy, food, mortgages and rents.

Consumer spending accounts for 60% of the UK economy and any declines will make worrying reading for those concerned that the UK economy is at risk of recession – that’s two consecutive quarters of negative growth.

Zero growth for the third quarter of the year, in an initial reading, remains at risk of being revised down.

But there are economists and industry experts who believe that consumers are not widely in bad shape and many have been saving up to allow for greater spending during the festive season.

Pantheon Macroeconomics said of the data: “The further fall in retail sales in October, which left sales 3.9% below their 2022 average level, likely will be reversed in the coming months, due to robust growth in households’ real disposable incomes.”

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The first test of that theory will be Black Friday, which could deliver a boost to growth prospects in the current fourth quarter.

Deann Evans, managing director for Europe at ecommerce platform Shopify, said: “Retailers can be forgiven for anticipating a difficult holiday shopping season, with the latest ONS figures showing a continued slowdown in British retail sales.

“But our data suggest that many shoppers have used recent months tactically to save in preparation for the holiday season.

“In fact, over half (53%) of UK shoppers have been putting aside more money each month than they have in previous years.”

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Oct 31 2023

Cost of living payment: Households to start receiving second grant ahead of winter | UK News

Low-income households are set to receive a second £300 cost of living payment from today.

The payment will be made to people who get certain benefits, including universal credit, and will be paid directly into their bank accounts.

More than 8 million households across the UK will receive the second cost of living support payment after the first in the spring.

It is due to arrive in bank acounts between 31 October and 19 November.

If you are eligible, the payment will be sent out automatically and the same way you receive your existing benefits – so you do not need to apply or do anything to receive it.

The payments are tax-free, do not contribute towards the benefit cap, and do not impact on existing benefits.

A further payment is due to be made next spring, bringing the total to £900.

As the payments were rolled out, Rishi Sunak said: “I know that winter can be a particularly challenging period for many families across the country.

“That’s why we have put in place a package of immediate support for vulnerable households over the coming months.”

Who is eligible?

Those who are entitled to receive the payment are those on:

• Universal credit
• Pension credit
• Income-based jobseeker’s allowance
• Income-related employment and support allowance
• Income support
• Working tax credit
• Child tax credit

Most people will be paid through the Department for Work and Pensions (DWP) but those eligible solely through tax credits will be paid by HM Revenue and Customs (HMRC) instead.

HMRC will publish specific details of when payments will be made to these people.

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Jul 14 2023

Young adults and renters among worst hit by cost of living crisis | Business News

Young adults and renters are some of the groups of people worst hit by rising prices as official figures show around 1 in 20 said they’d run out of food in the past 2 weeks and couldn’t afford more.

People who couldn’t afford food were most likely to be supported by charities, be lone parents and in receipt of benefits or financial help.

Also more likely to struggle to buy food were ethnically diverse people and black, African, Caribbean and black British adults, along with renters and disabled adults.

Those aged 25 to 34 were at greater risk of financial vulnerability than those over the age of 75, the data showed.

Renters were more likely to report difficulty paying housing costs.

While more than a quarter (28%) of mortgage holders said it was difficult to afford their mortgage, 43% of renters reported it was very or somewhat difficult to afford rent.

Compared to mortgage payers, renters were spending less on food and essentials, were more likely to have run out of food and to be behind on energy bills.

Renters spent an average of 21% of their disposable income on rent, compared to 16% of mortgage payers, the Office for National Statistics (ONS) said.

Similarly, disabled adults faced greater financial difficulties than non-disabled adults.

The ONS has published analysis on the impact of the cost of living crisis from February to the start of May, before mortgage rates began increasing in earnest.

It analysed the proportion of people affected by price rises, and the characteristics associated with financial vulnerability.

It comes as the government announced public sector pay rises of between 5% and 7% this week and official figures showed wage growth remained at record high of 7.3%, but was still outpaced by inflation.

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Jun 7 2023

Cost of living: ‘On me personally’ if inflation isn’t halved, says Rishi Sunak | Politics News

Rishi Sunak will take personal responsibility if inflation in the UK has not halved by the end of the year.

The prime minister was speaking to Sky News political editor Beth Rigby during a visit to Washington DC where he will meet President Biden.

Mr Sunak has made a significant amount of noise about his five priorities, which he says are also the “people’s priorities”.

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They include: Halve inflation, grow the economy, reduce debt, cut waiting lists, and stop the boats.

He promised in January – when inflation was 10.1% – to tackle price growth to help with the cost of living crisis.

The most recent figures from the Office for National Statistics had inflation easing to 8.7% – but food inflation remained at nearly 20% and core price inflation is at a 30-year-high.

“First, we will halve inflation this year to ease the cost of living and give people financial security,” Mr Sunak said in his January speech.

Speaking today, Beth Rigby asked him: “Two of your five pledges – inflation down by the end of the year, the UK out of recession by the end of the year.

“If you fail on either of them, do you take personal responsibility, you don’t blame the Bank of England, you don’t blame consumers, you don’t blame business. It’s on you personally because it’s your personal pledges?”

The prime minister said: “Of course it’s on me personally. I’m the prime minister. I’m the person who set out those five pledges to halve inflation, grow the economy, reduce debt, cut waiting lists, and to stop the boats, and I intend to deliver on those.”

Mr Sunak added: “When it comes to growing the economy, as you mentioned, we’ve already avoided the recession that many predicted. People are upgrading our growth forecasts as we speak.

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“I’m announcing £14bn of investment into the UK, which is going to support thousands of jobs. And just this week I managed to explain to the country how we’re progressing our boats plan, which means that this year, crossings into the UK down by almost a fifth over the first five months of this year.

“So look, the plans are working, but I’m not complacent. There’s work to do and I intend to deliver.”

Asked if it was a “dealbreaker” if he did not deliver for the British public, Mr Sunak said: “It’s absolutely my responsibility. I’ve told the public to hold me accountable.

“They should be able to have politicians who deliver what they say, and that’s what I intend to do.”

Mr Sunak was also asked if – like Chancellor Jeremy Hunt said last week – he was prepared to risk a recession to bring inflation down.

Click to subscribe to Beth Rigby Interviews… wherever you get your podcasts

The prime minister did not deny this might need to happen, saying: “I think what the Chancellor was saying is that inflation is the challenge that we must confront.

“Obviously, monetary policy interest rates are a decision for the Bank of England, so it wouldn’t be right for me to comment on that.”

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May 11 2023

Cost of living pain still to come for millions despite Bank of England’s rosier outlook | Business News

It is saying something that the Bank of England has just delivered its biggest economic upgrade in the history of the Monetary Policy Committee, yet the UK is still effectively flatlining.

But that is the paradox facing the economy at the moment.

On the one hand, the outlook for the country as a whole is considerably rosier than it was only a few months ago.

If you follow these forecasts you may recall that late last year the Bank said that the UK economy might well face the longest recession in modern history.

Britons face extra £482 per month on mortgage since 2021 – latest updates

But now it has dramatically changed its outlook.

Now it believes that the economy will not shrink at all in any of the coming quarters.

A few months ago it suggested that the UK economy wouldn’t regain its pre-pandemic size for many years; now it believes it will hit that watershed at the end of this year.

Not long ago it thought the unemployment rate would rise above 6 per cent by 2025; now it thinks it will be below 4 per cent.

This is very good news.

The problem is that it’s hard to revel all that much in comparative good news when you look at the absolute numbers.

Good news needs to be put in perspective

Let’s put things into perspective.

Up until a few years ago “trend growth” was above 2 per cent. In other words, in a “normal” year you might expect the economy to grow by maybe 2-2.5 per cent.

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Now look at the latest Bank forecasts: growth of a quarter percentage point this year, three-quarters of a percentage point next year, and the same again in 2025.

This is very weak growth.

Now consider what’s happening beneath the surface.

Every household in the country is facing the pain of rising prices, but for some, the impact is worse than for others.

Some especially higher-income households, have considerable savings built up during the pandemic.

Many older households have already paid off their mortgages, to the extent that the proportion of homes without mortgages is higher than ever before.

Yet for those households who do not benefit from these financial cushions, life is tough – and getting tougher.

Why there is more pain to come

Only around a third of the eventual “pain” of higher interest rates has yet been felt, because most mortgage payers have yet to refix their loans onto higher rates.

But that will happen for millions in the coming months.

Moreover, one of the other key changes in the Bank’s forecasts today is that food inflation is likely to be considerably higher in the coming years than previously expected.

While food producers’ costs are beginning to come down, the prices we pay are still rising fast.

Some have characterised this as “greedflation” but economists say these companies’ margins remain compressed.

Even so, even after adjusting for the Bank’s new, less gloomy forecasts, it’s hard to envisage a return of the feelgood factor in the coming months.

The economy is not doing as badly as previously thought – this is a cause for reassurance.

But for most households, the pressures from rising living costs are still intensifying rather than abating.

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Apr 10 2023

Labour to turn fire on Rishi Sunak’s ‘failings’ over cost of living crisis in ad campaign blitz | Politics News

Labour will continue with its controversial attacks on Rishi Sunak by turning attention to government “failures” over the cost of living crisis.

The Labour leader has described the prime minister as the “chief architect of choices prioritising the wealthiest” as both parties gear up for the local elections next month.

In a letter to his shadow cabinet, Sir Keir Starmer said voters “must know that Rishi Sunak’s fingerprints are all over their struggling household budgets”.

In the memo, seen by Sky News, the Labour leader wrote: “With 24 days left until polling day we must continue to focus relentlessly on exposing the failures of 13 years of this divided and weak Conservative government and demonstrate how we would deliver for working people across the country.”

He added: “Rishi Sunak is the chief architect of choices prioritising the wealthiest and of the government’s failure to get a grip of the economy and get growth going.”

He accused Mr Sunak of “supplying the touchpaper for another Conservative government to blow up the economy” as chancellor and then continuing in No 10 to “make choices which loaded the costs on to working people”.

Sir Keir’s intervention comes after Labour came under fire for a series of adverts which critics have branded “gutter politics”.

The first ad, which was issued on Thursday, read: “Do you think adults convicted of sexually assaulting children should go to prison? Rishi Sunak doesn’t.”

It cited data from the Ministry of Justice showing that 4,500 adults convicted of sex acts on children avoided a prison sentence since the Conservatives came to power in 2010.

Despite the ensuing backlash that came from across the political spectrum, Labour issued a second tweet which accused Mr Sunak of being soft on gun grime and a third which suggested he didn’t think thieves should be punished.

Labour officials have been bullish over the weekend about the effectiveness of their ads, with briefings suggesting they would intensify their efforts despite the criticism.

One Labour source told Sky News: “It’s mission accomplished – we’ve dominated the news agenda and started a serious conversation about the Tories appalling record on crime.”

And in his letter to his top team, Sir Keir said the focus of their local election campaigning should move from crime to the cost of living.

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The Labour leader also reiterated directly to his colleagues that he “makes no apologies at all” for the ads despite the backlash.

In an article for the Daily Mail, Sir Keir said he “stand[s] by every word Labour has said on the subject, no matter how squeamish it might make some feel”.

Labour is hoping to reap the benefits of a depressed economy in the 4 May local elections in England, as the Tories continue to struggle in the polls.

However, a new voting intention poll by Redfield and Wilton Strategies showed that Labour is on 44%, a decrease of 1% since last week, while the Conservatives are on 30%, an increase of 2%.

It marks Labour’s narrowest lead over the Tories since Mr Sunak became prime minister in October.

On Tuesday Shadow Chancellor Rachel Reeves will highlight the party’s pledge to help more first-time buyers on to the housing ladder on a campaign visit to Brighton.

New analysis from the party shows that first-time buyers face a nearly £500 per month hike in mortgage bills in the wake of Liz Truss’s ill-fated mini-budget and interest rate rises.

The Conservatives have been contacted for comment.

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Feb 28 2023

Cost of living: Grocery inflation hits new record high of 17.1%, data shows | Business News

UK grocery inflation continued to climb during February to reach a new record high of 17.1%, according to closely-watched industry data.

Kantar Worldpanel reported that the increase over the past 12 months meant that families faced a potential £811 annual rise in the cost of their regular shopping basket.

It had been hoped that a decline in the pace of grocery prices during December would mark a turning point in that element of the cost of living crisis.

But Kantar later revealed that temporary Christmas discounting had been largely responsible, as the big four chains fight to maintain market share amid the challenge posed by discounters and other cheaper rivals.

Its latest report showed that while all of the major stores, with the exception of Morrisons, had expanded sales during the 12 weeks to 19 February, Aldi, Lidl and Iceland had grown their market shares at their expense.

The lure of cheaper own-label groceries saw Aldi achieve a record market share of 9.4% over the period, Kantar said.

Tesco, Sainsbury’s, Asda and Morrisons have expanded their own value offerings given the shift in consumer behaviour driven by the wider cost of living crisis.

Food, along with the cost of many other everyday products, has become more expensive largely due to the surge in energy prices seen since the Russian invasion of Ukraine.

The war can also be blamed for many commodity costs, such as wheat, rising markedly.

While the main rate of inflation has eased from its 11.1% peak seen in October last year, food and other grocery costs have been a major factor behind the CPI measure remaining stubbornly above 10%.

Unilever, which is behind a host of everyday products including Marmite and Magnum ice creams, has been among manufacturers warning that price increases are yet to end.

Producers – just one element of a complicated supply chain – are still grappling rising energy bills and other costs.

It also remains to be seen whether the shortage of salad items, which has forced most supermarkets to limit sales, will become a significant inflationary headwind ahead.

Kantar said that the issue came outside of its reporting window but that it expected to reveal a hit when its next report is published.

Its head of retail and consumer insight, Fraser McKevitt, said: “Shoppers have been facing sustained price rises for some time now and this February marks a full year since monthly grocery inflation climbed above 4%.

“This is having a big impact on people’s lives.

“Our latest research shows that grocery price inflation is the second most important financial issue for the public behind energy costs, with two-thirds of people concerned by food and drink prices, above public sector strikes and climate change.

“One quarter say they’re struggling financially, versus one in five this time last year.

“The numbers speak for themselves.”

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Feb 13 2023

Meet the artist living in a skip to make ‘statement’ about London’s rent prices | UK News

“Living in a tip” is a phrase most people use to describe a messy home.

But for artist Harrison Marshall, it will have a much more literal meaning.

The 28-year-old moved into a converted metal skip in Bermondsey, southeast London, in January, as part of a project aiming to make a “statement” about the “crazy” cost of living in England’s capital city.

He aims to live in the standard eight-yard skip, usually used for storing, moving and dumping waste building material, for the rest of this year.

‘Is it possible to live in a skip?’

Speaking about the project, he said: “For me to live in this area, this was the only option for me to do that, which is just mad.

“When I came back to London I started the hunt for a room, and, obviously, within that timeframe, the prices had gone kind of crazy.

“People were getting hundreds of messages for a single room… it was at the point where if you weren’t willing to put your deposit down the same day as viewing it, you didn’t really stand a chance.

“And so that’s when I started picking up the idea again, about is it actually possible to live in a skip?”

Mr Marshall’s new home comprises a standard 12m x 6m (39ft x 19.5ft) builder’s skip with an insulated timber frame and a barrel roof.

The artist also has access to a portaloo, while he will mostly shower at work or the gym.

He also hopes to be connected to a power source which will enable him to use a heater and a cooker.

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‘Crazy’ living in central London

The skip has been provided for a nominal rate of £50 a month, while the initial build-cost was £4,000.

“I don’t expect other people to pursue this or replicate it,” Mr Marshall said.

“It’s very hard to replicate. So, really, it’s more of a statement and something which tackles or talks about the issue in a light-hearted way and highlights just how crazy it is to live in central London.”

Mr Marshall, who has decorated his new home with friends’ artwork and gifts from his family, described his neighbours as “very friendly” and has even welcomed guests.

He added: “I’ve had friends come over already, everyone wants to come and see the new place.”

The Skip House is part of Skip Gallery, a public art initiative intended to create space and opportunity for emerging artists.

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Dec 25 2022

Archbishop of Canterbury Justin Welby to remember those suffering amid cost of living crisis in Christmas sermon | UK News

Those suffering “immense anxiety and hardship” amid the cost of living crisis will be remembered by the Archbishop of Canterbury in his Christmas sermon, due to be delivered later today.

As well as paying tribute to the late Queen, Justin Welby is also expected to reference the “desperate struggles of hospital wards” as well as those people who make perilous journeys in small boats, when he delivers his annual message.

It is not the first time he has hit out at the “cruelty” of the government’s migrant policy.

Mr Welby is set to tell those listening that despite war and conflicts around the world and financial pressures on people closer to home, there is “unconquerable hope” in the birth of Jesus Christ.

In his first Christmas message since the death of Queen Elizabeth II, Mr Welby will praise the example set by the late monarch, who “in obedience to the Christ-child lived a life of service and put her interest after those of the people she served”.

The archbishop visited a church-run food bank in Canterbury in recent days and is expected to express concern for those struggling in a cost of living crisis.

He will say: “In Jesus Christ, God reaches out to each one of us here; to those who like his family have no resources, into the dark cells of prisons, into the desperate struggles of hospital wards, to those on small boats, to the despairing, and even to the condemned and the wicked, and says: ‘Take me into your heart and life, let me set you free from the darkness that surrounds and fills you, for I too have been there. For in me, there is forgiveness, hope, life, and joy, whoever and wherever you are, whatever you have done’.”

He will also refer to the suffering of millions facing famine in South Sudan and the ongoing war in Ukraine.

The Archbishop of Canterbury’s Christmas sermon will be preached during the 11am Christmas Day Eucharist at Canterbury Cathedral.

King Charles recorded his first Christmas message earlier this month at St George’s Chapel, Windsor Castle. It will be broadcast during the afternoon.

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