Introduction: The Covid-19 pandemic brought about unprecedented challenges for governments worldwide. As part of their response, councils in the UK disbursed a staggering £22.6 billion in grants to support businesses. However, it has come to light that an estimated £1.1 billion of these grants were paid out wrongly. Unfortunately, the recovery of these misallocated funds…
Category: Economics
2023 Budget at Glance
The UK is not expected to enter a technical recession this year, and inflation is predicted to reduce to 2.9% by the end of 2023, according to the Office for Budget Responsibility (OBR). Other key points of the 2023 budget include the introduction of 15 hours of free childcare for parents working 16 hours a…