The Bank of England's Monetary Policy Committee has maintained the base interest rate at 5.25%, a decision widely anticipated by financial markets. This stance comes as the UK faces projections of sustained inflation, with some analysts predicting a rate hike by year-end.
Former minister Alan Milburn states that the UK government allocates 25 times more funding to youth benefits than to initiatives supporting young people into employment. Milburn, author of a forthcoming review, described this disparity as "shameful" and called for a "system reset" to address nearly a million young people not in education, employment, or training (NEET).
Brewdog co-founder James Watt is launching a new beer brand, Second Best, offering nearly 20% of its shares free to individuals who lost investments in Brewdog's "Equity for Punks" scheme. This initiative follows Brewdog's collapse and acquisition by Tilray, which left crowdfunding investors without returns.
