Revealed: The cost of living is rising faster in the UK than anywhere in Europe, with soaring food and energy bills blamed
Inflation in the UK in September was 2.7%, highest in the whole of the EU
Followed by Estonia (2.6%), the Netherlands (2.4%), Finland (2.4)
In UK food bills are up 4.3% energy is up 3.4%, according to Eurostat
Cameron and Miliband clash in the Commons over 'cost of living crisis'
By Matt Chorley, Mailonline Political Editor
PUBLISHED: 16:03, 16 October 2013 | UPDATED: 16:08, 16 October 2013
The cost of living in Britain is rising faster than anywhere in Europe, new figures reveal.
The big squeeze on family finances is being exacerbated by wages failing to rise in line with prices.
Increases in energy, food and alcohol prices are fuelling the high inflation rate in the UK, as political leaders clash over the effect on household disposable income.
Employment is growing, but so are the wage slaves!
New ONS figures reveal a widening gap between prices and pay, with real incomes two percentage points down on 2012
Britain's labour market is creating more jobs, but people are being strapped to their oars and forced to work harder for less.
Employment is up but earnings growth is down. There are more people in jobs than ever before but the gap between prices and pay is widening. Those were the bullet points from the latest labour market data from the Office for National Statistics.
Now let's see how they can magic up their council tax arrears.
Thousands of UK's poor in court over non-payment of council tax
Courts across country fill up with people on lowest incomes as introduction of new council tax charges in April begins to bite
The Guardian, Friday 18 October 2013 18.34 BST
Protest Camberwell magistrates court
Southwark council has issued court summons for council tax arrears to 9,000 people.
Hundreds of London's poorest and lowest-paid inhabitants attended a mass court hearing in south London on Friday, hoping to challenge non-payment of council tax orders issued by Southwark council, which had summonsed 5,800 people to attend.
The mass summons was one of a number of similarly large summonses issued nationwide over the past few weeks, as legal proceedings begin against unemployed and low-income people who have been unable to pay new council tax payments, introduced in April.
Around 400 attended court on Friday, most of them responding to a court summons for the first time, many of them anxious and angry about the process. Although the weekly payments appear low, averaging at around £2.50, those who attended gave detailed accounts of how this was a difficult sum to pay out of a minimum wage income, or out of benefit payments. All faced the additional £65 cost of the court summons, in addition to the council tax arrears.
I imagine they will lose their homes and be put in cheap Hotels and the kids taken into care .Its more costly but that is another budget.
Either that or a direct debit will be taken from their benefits or wages.
“The fool doth think he is wise, but the wise man knows himself to be a fool.”
Blockbuster's bust again: Film and computer games rental chain falls into administration for second time this YEAR
Private equity group that saved chain in June gives up amid poor trading
Around 2,000 jobs and 264 stores at risk
By This Is Money Reporter
PUBLISHED: 14:10, 29 October 2013 | UPDATED: 14:37, 29 October 2013
Blockbuster has fallen into administration for the second time this year after the private equity group that saved it gave up on its rescue efforts.
Around 2,000 jobs are at risk after Gordon Brothers Europe it is putting the DVD and computer games rental chain into administration due to tough trading.
The private equity group said 32 jobs will be cut at Blockbuster Entertainment’s Uxbridge headquarters, while 264 stores are at risk as a buyer is sought.
Young face lifetime of unemployment, warns charity.
Page last updated at 00:01 GMT, Wednesday, 30 October 2013
Thousands of young people are in danger of being trapped in a lifetime of unemployment, a charity is warning.
The Prince's Trust is calling for urgent action from the government to help tackle the problem.
Latest figures from the Office for National Statistics show 115,000 18 to 24-year-olds have been unemployed for longer than two years.
The government says it has hugely increased the number of work experience placements and apprenticeships.
Why is youth unemployment so high?
Changes to the benefits system in the mid-2000s, when there were only around 26,000 long-term unemployed young people, may have contributed to the focus shifting away from tackling long-term youth unemployment as a priority
The education system not giving people the right skills needed for all sections of the economy
The banking crisis and recessions of recent years making getting a job and holding on to it difficult
Source: Prof John van Reenan, Centre for Economic Performance, LSE
The figures on long-term, youth unemployment have more than quadrupled in the last decade.
The Prince's Trust says if nothing is done, the UK could be on the brink of a youth jobs crisis.
What recovery? Households are no better off than during recession as incomes flatline and essential costs soar.
The share of our money spent on energy has jumped 72% in ten years
Analysis reveals that it is not stronger household finances driving the economy, but debt
By Ed Monk
PUBLISHED: 12:34, 30 October 2013 | UPDATED: 13:14, 30 October 2013
Ordinary households are not benefiting from the economic recovery because their incomes have flat-lined and they are having to spend a greater share of their money on essentials such as gas and electricity, according to official figures.
Confirming what cash-strapped families have known for some time, the Office for National Statistics reported this morning that 'real household disposable income has changed little since Q2 2009, despite cumulative real GDP growth of 4.2 per cent over this period'.
But compounding stagnant disposable income has been the soaring cost of essentials such as housing, energy and water.
Sporthouse, owned by Romford hotelier Paul Harris, in adminstration a year after role as Olympic training centre
Freddy Mayhew and Ramzy AlwakeelWednesday, October 30, 2013
2:15 PM (Romford Recorder.
The Olympic and Paralympic training venue tipped last year by its Romford owner to become “bigger than Crystal Palace” has gone into administration.
Paul HarrisPaul Harris
Sporthouse in Mayesbrook Park, Dagenham, faces an uncertain future despite this year signing a deal with sports promoter Matchroom, which was set to televise boxing, darts and world championship snooker there.
The centre’s director is hotelier Paul Harris, who owns Harefield Manor in Main Road. Mr Harris – who has declined to comment on this latest development – became Sporthouse’s second proprietor in seven months when he bought it in November.
He told the Recorder at the time: “There is no reason why this can’t be bigger than Crystal Palace.”
Part of his plan involved opening a second Harefield Hotel on site with 100 beds and a conference and banqueting suite.
“What comes in has got to equal what goes out and make a profit,” he said last year. “It’s a part of the Olympic legacy and if we get it right it could be quite amazing.”
Sporthouse hosted Olympic and Paralympic athletes in its role as an official Games training venue during London 2012.
A spokesman for chartered accountancy firm Moore Stephens, which has taken over the running of the site, said it had been actively seeking a buyer since June.
He said “a number of expressions of interest and offers to purchase” had been received, adding none of the 28 employees had been made redundant and that a full service is continuing for customers.
The venue was officially opened by five times gold medal winning rower Sir Steve Redgrave in March 2012.
It has the country’s biggest multi-use sports hall, a large gym, two outdoor basketball courts, a £2million athletics track and the capacity for up to 6,000 members.
Competitors in Olympic handball, Paralympic judo and wheelchair rugby used the centre to practise in the run-up to the Games.