Inflation in the United States is running at its highest level in years, and this has caused many Americans to start looking for ways to save money. One way to do this is by using coupons when shopping. Coupons can be a great way to save money on groceries, but they can also be used to save on other items such as clothes, shoes, and even travel.
Inflation in the United States is higher than expected.
The UK has tumbled to its lowest level in almost 50 years as more Brits left the workforce.
The latest ONS figures showed 3.6pc of adults were out of work and looking for jobs in the three months to the end of July, down from 3.8pc in the previous quarter.
Increases in long-term sickness and moves to education meant 194,000 people left the workforce.
Subsection 1.4 The data also showed real wages tumbled to their lowest in almost two decades as inflation continued to outstrip pay rises.
Trains will run through the night as mourners travel to London.
Plans for extra rail services finalised as thousands expected to flock to the capital for Queen Elizabeth's funeral.
With the death of Queen Elizabeth II, mourners are expected to flock to London from all over the UK. In order to accommodate this influx of people, plans have been finalized for extra rail services that will run through the night.
This will be a massive undertaking, and one that is sure to cause disruptions for regular commuters. However, the train operators are confident that they can handle the increased demand.
Extra staff will be on hand to assist passengers, and there will be a dedicated customer helpline available for anyone who needs assistance. The goal is to make sure that everyone who wants to pay their respects to the late queen is able to do so without any problems.
UK teeters on edge of recession after ‘feeble’ rebound.
. GDP growth just 0.2pc in July, official data reveals.
The UK economy narrowly avoided a technical recession in the three months to July, according to official figures released on Thursday.
Gross domestic product (GDP) rose by 0.2 per cent in the three months to July, after shrinking by 0.4 per cent in the second quarter of 2020, the Office for National Statistics (ONS) said.
Analysts had been expecting a modest rebound of around 0.3 per cent following the unprecedented slump brought on by the coronavirus pandemic.
However, while the data showed that some sectors of the economy such as manufacturing and construction returned to growth in July, others such as hospitality and retail continued to contract.
Overall, GDP is still 9.7 per cent below its level in February – before lockdown measures were introduced – and 11 per cent below its pre-pandemic peak in December 2019.
The ONS said that GDP grew by just 1 per cent in July compared with the same month a year ago – meaning that it is still well below its pre-pandemic level.
Commenting on the figures, Chancellor Rishi Sunak said: "While our economy continues to recover from the effects of Covid-19, we are not out of the woods yet."
The UK's economic recovery from Covid-19 appears to be losing momentum amid rising infection rates and renewed lockdown measures.
Data released today showed that retail sales fell by 2% in August compared with the previous month - worse than economists' expectations for a 1% decline. This followed a strong rebound of 6% in July when shops reopened after lockdown restrictions were eased across much of England.
Lockdown measures have been reintroduced in parts of northern England this week after a sharp rise in Covid-19 cases there, while other areas such as Wales and Scotland have also seen increases in infections rates.
This latest data will add to fears that the UK's economic recovery is stalling amid fresh lockdown measures designed to contain the spread of Covid-19.
Inflation in the United States is higher than expected, which has led to some negative consequences such as lower wages and increased unemployment. Despite this, the economy is still managing to rebound slowly but surely. In light of this, it is important to be mindful of your spending and saving habits in order to weather any potential economic storms that may come our way.