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London CNN —A record-breaking series of auctions of King Charles III banknotes has raised £914,127 ($1.2 million) for 10 UK charities, according to the Bank of England. The banknotes, auctioned by Spink & Sons over the summer, sold for 11.7 times their face value of £78,430 ($100,318), as collectors snapped up some of the first versions of the new cash to roll off the printing presses. The runaway success of the auctions highlights the value that collectors attach to banknotes with especially low serial numbers, which denote that they are among the first to be printed. “Lucky numbers” also attracted high bids, according to Spink & Sons. Two £5 notes with serial numbers ending in 88 and 888 were auctioned for £2,200 ($2,800) and £2,400 ($3,100).
Persons: King Charles III, King Charles, BOE, Queen Elizabeth II, , Gregory Edmund, ” Edmund, Sarah John, Winston Churchill, Queen Elizabeth, Churchill, London — Organizations: London CNN, Bank of England, Spink & Sons, Spink, CNN, WWF, Trussell, British Locations: United Kingdom, BOE, British, London
How Britain Changed Over 14 Years of Conservative RuleSince Britain’s Conservative Party took power 14 years ago, most things have not gone the way it planned. The Economy Has StagnatedAverage productivity growth has declined since 2010…0.0% 0.5% 1.0% 2.0% 2010 2015 2017 2019 2024 Source: Office for National Statistics. 2010 2015 2017 2019 2024 Source: N.H.S. 50% 60% 70% 80% 2010 2015 2017 2019 2024 Source: N.H.S. 2010 2015 2017 2019 2024 Source: Trussell Trust … and thousands more people are sleeping on the streets than in 2010.
Persons: Conservatives ’, England …, Boris Johnson, , Hong Kongers, Rishi Sunak Organizations: Conservative, Britain’s Conservative Party, Conservatives, Local, gov, Conservative Party, European Union, National Health Service, National Statistics, Institute for Public Policy Research, Public Services, Labour, Commons, Department, Loans Company, Higher Education Statistics, YouGov Locations: Britain, Thursday’s, Germany, United States, London, Ukraine, England, Rwanda, United Kingdom
Someone bought a domain name similar to Meghan Markle's latest venture, American Riviera Orchard. They then directed it to a donation page for a charity, which had the message: "hope meghan wouldn't mind." AdvertisementThe Duchess of Sussex appears to have forgotten the golden rule of buying domain names: buy all the domain names. The same day that Meghan Markle launched the site American Riviera Orchard last month, another domain was registered — americanrivieraorchard.uk — which does not direct traffic to her page. This story is available exclusively to Business Insider subscribers.
Persons: Meghan Markle's, meghan wouldn't, , Sussex, Meghan Markle Organizations: cybersquatters, Service, Orchard, Trussell, Business
REUTERS/Peter NichollsSummarySummary Companies 11.3 mln Britons faced hunger in 20223 mln food parcels provided by Trussell Trust in 2022/23 yearIneffective social security system blamedLONDON, June 28 (Reuters) - One in seven people in the United Kingdom faced hunger last year because they did not have enough money, according to a report published on Wednesday by food bank charity the Trussell Trust. Government forecasters estimate UK households are in the midst of the biggest two-year squeeze in living standards since comparable records started in the 1950s. "This consistent upward trajectory exposes that it is weaknesses in the social security system that are driving food bank need, rather than just the pandemic or cost of living crisis," it said. The charity said that 7% of the UK population was supported by charitable food support, including food banks, yet 71% of people facing hunger had not yet accessed any form of charitable food support. Soaring food prices have contributed to the biggest squeeze on living standards in Britain since records began in the 1950s, and prompted questions about who is responsible.
Persons: Jerald, Aryee, Daniel Kennett, Brown, Peter Nicholls, Rishi Sunak's, they've, James Davey, Aurora Ellis Organizations: Volunteers, REUTERS, Trussell Trust, LONDON, Trussell, Department for Work, Soaring, Trade, Thomson Locations: Greenwich, London, Britain, United Kingdom, Scotland
Grocery prices in Europe have been on the rise. Britain — where food inflation has reached 45-year highs — is discussing a similar move. In comparison, U.S. food prices rose 7.7% in April from a year earlier, 8.2% in Japan and 9.1% in Canada. Such controls could actually make food inflation worse by increasing demand from shoppers but discouraging new supply, he said. "The current food price shock does not warrant such intervention," Shearing said.
Persons: , Furio Truzzi, Borey, Helen Barnard, Anna Sjovorr, hasn't, that's, Neil Shearing, Shearing, SWG pollsters, Carlo Compellini, Marie Antoinette, Roberto Dipiazza Organizations: Service, Shoppers, European Union, Trussell, European Central Bank, U.S . Federal, Capital Economics Locations: Europe, Rome, U.S, Japan, Ukraine, Paris, Britain, Hungary, Croatia, Spain, United Kingdom, London, Canada, Trieste, Italian
Food inflation dipped slightly to 15.4% in May, but that’s still the second-highest rate on record. But chocolate and coffee prices are rising as global commodity prices soar, British Retail Consortium CEO Helen Dickinson said. Price controls anyone? “The current food price shock does not warrant such an intervention,” he added. Brexit is responsible for about a third of UK food price inflation since 2019, according to researchers at the London School of Economics.
Still, quiche from a store is just one of a number of items that are outpacing the painful rise in British food prices, according to the ONS analysis. Average annual food price inflation was more than 19% that month. Food price crisisUK taxpayers will pay tens of millions of pounds towards the cost of the King’s coronation, according to estimates published by British media. But, for many Britons, including fans of the royals, the expense feels particularly galling while millions of people struggle to make ends meet as prices rise. Food price rises show no signs of pulling back.
LONDON, April 26 (Reuters) - Britain's biggest food bank network said the amount of emergency food parcels it distributed rose 37% to a record 3 million in the year to March as more people faced hardship in a cost-of-living crisis that shows little sign of easing. The Trussell Trust, which supports a network of 1,300 food bank centres across the United Kingdom, said on Wednesday more than a million parcels were provided for children. It said over the year, 760,000 people used a food bank in its network for the first time, an increase of 38% year-on-year. This included an unprecedented rise in the number of employed people, who are no longer able to balance a low income against rising living costs. The Trussell Trust also noted that the number of parcels provided in the year to March was more than double the annual amount distributed by food banks five years ago.
Britain is the world’s sixth-largest economy, a top-tier industrialized power that still sees itself as a cradle of the postwar welfare state. Britain once compared itself to giants like France and Germany; today many of its metrics more closely resemble Eastern Europe’s weaker economies. One in six British households are on social security checks, and almost a third of British kids live in poverty, government figures show. He is on public benefits for a range of physical and mental health issues, from diabetes to post-traumatic stress disorder from his time in the armed forces. I’ve got nothing to look forward to.”Poverty is closely linked to an increase in mental and physical health problems, according to the Centre for Mental Health charity.
An app that offers unsold food saw a 100% month-on-month rise in the first half of the year. Jenny Holden, who runs a PR firm in Staffordshire, told Insider that she's started having a pea protein shake for dinner once a week. More Brits are buying unsold food through appsToo Good To Go lets users buy unsold food for one-third of the price. One user of such unsold food apps is Penny Moyses, the founder of the Clean and Tidy Home Show, which offers household budgeting tips. The energy price cap has been extended by one year, but will increase by £500 ($613) from April 2023.
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