Business
Rising cost of school uniform is scary, says mum from Luton
Julita WaleskiewiczEast of England
Lauren Barford-DowlingA mother-of-three said she has found it “scary” trying to keep up with the cost of sending her children to school.
Lauren Barford-Dowling, 27, from Luton, described the price of uniforms, shoes, meals and trips as “daunting”.
Level Trust, a Luton-based charity that provides free school supplies to families, said demand for its services had risen by up to 20% compared with last year.
“You want them to look their best, but it’s hard to keep up,” Ms Barford-Dowling added.
Kerri PorthouseMs Barford-Dowling has three children aged 10, six and five – and a fourth on the way.
She said branded jumpers and tops have risen in price, adding: “I worry about having enough money for all the essentials like shoes, trainers, trousers, dresses, tops.
“Three pairs of trainers cost over £100 – and they’ll be ruined in a couple of months. It’s scary.”
School meals also add to the pressure, she said, and her eldest child’s lunches cost £44 a month.
“When all three move up to Key Stage 2, I’ll be paying nearly £100 a month just so they can eat,” she added.
Dawid Wojtowicz/BBCMs Barford-Dowling said the Level Trust provided her children with free school shoes and trainers for PE.
Kerri Porthouse, the deputy chief executive of the charity, explained demand for the organisation’s services have risen.
“We’ve already seen an increase of between 15% and 20% compared with last year.
“That’s 200 more families in July and August alone. It’s a huge increase for a charity to cope with.
“Parents with children moving into reception or secondary often don’t realise how much uniform is needed until school begins. Then they come to us in a panic,” she said.
Research by the Child Poverty Action Group found it cost £1,000 a year to send a child to primary school and £2,300 for secondary.
Kate Anstey, the group’s head of education policy, said children from low-income families were dropping subjects because of the price of trips and equipment.
“Too many children are growing up in poverty, and it’s having a stark impact on their school day,” she said.
A Department for Education spokesperson said: “No child should face barriers to their education because of their family’s finances.
“We are capping the number of branded uniform items schools can require, and from 2026 all children in households on Universal Credit will be entitled to free school meals.”
Business
‘Holistic And Forward-Looking’: Piyush Goyal Says Budget 2026 Reflects Future-Ready India
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Piyush Goyal termed the Budget “economically and fundamentally very strong”, and stated that it “reflects the aspirations of the youth of the country”.
Minister of Commerce and Industry Piyush Goyal. (File photo)
Union Minister Piyush Goyal on Sunday termed Budget 2026 “futuristic and holistic”, and stated that it “reflects the aspirations of the youth of the country and is forward-looking”.
Speaking exclusively to CNN-News18 on Budget 2026, presented by Finance Minister Nirmala Sitharaman, Goyal said, “This is a fabulous budget and it is very futuristic. The Budget 2026 has covered all sectors including technology, infrastructure, etc.”
“The technology sector has been given a thrust. The budget focuses on infrastructure. It is a holistic and forward-looking budget refecting future ready Bharat,” he said, adding, “The budget meets the aspirations of the youth and new India.”
Stating that the Budget is economically and fundamentally very strong, the Union Minister said, “Farmers, animal husbandry and labour-intensive sectors get a major push as this Budget focuses on investment, value addition and jobs.”
#Exclusive | “The Budget is economically and fundamentally very strong,”Preparing India for Viksit Bharat. Farmers, animal husbandry and labour-intensive sectors get a major push as the Budget focuses on investment, value addition and jobs.@Parikshitl in an exclusive… pic.twitter.com/tJr2SItcaW
— News18 (@CNNnews18) February 1, 2026
‘Budget 2026 Is Human-Centric’: PM Modi
Prime Minister Narendra Modi on Sunday said that the Union Budget 2026 is “human-centric and strengthens India’s foundation with path-breaking reforms.” The Prime Minister also described it as historic and a catalyst for accelerating the country’s reform trajectory and long-term growth.
Following the presentation of the Budget in Parliament, PM Modi said the proposals would energise the economy, empower citizens and give India’s youth fresh opportunities to scale new heights.
“This budget brings the dreams of the present to life and strengthens the foundation of India’s bright future. This budget is a strong foundation for our high-flying aspirations of a developed India by 2047,” he said.
Calling the government’s reform agenda a “Reform Express”, the Prime Minister added, “The reform express that India is riding today will gain new energy and new momentum from this budget.”
February 01, 2026, 19:01 IST
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Business
How inflation rebound is set to affect UK interest rates
Interest rates are widely expected to remain at 3.75% as Bank of England policymakers prioritise curbing above-target inflation while also monitoring economic growth, according to expert analysis.
The Bank’s Monetary Policy Committee (MPC) is anticipated to leave borrowing costs unchanged when it announces its latest decision on Thursday, marking its first interest rate setting meeting of the year.
This follows a rate cut delivered before Christmas, which was the fourth such reduction.
At the time, Governor Andrew Bailey noted that the UK had “passed the recent peak in inflation and it has continued to fall”, enabling the MPC to ease borrowing costs. However, he cautioned that any further cuts would be a “closer call”.
Since that decision, official data has revealed that inflation unexpectedly rebounded in December, rising for the first time in five months.
The Consumer Prices Index (CPI) inflation rate reached 3.4% for the month, an increase from 3.2% in November, with factors such as tobacco duties and airfares contributing to the upward pressure on prices.
Economists suggest this inflation uptick is likely to reinforce the MPC’s inclination to keep rates steady this month.
Philip Shaw, an analyst for Investec, stated: “The principal reason to hold off from easing again is that at 3.4% in December, inflation remains well above the 2% target.”
He added: “But with the stance of policy less restrictive than previously, there are greater risks that further easing is unwarranted.”
Shaw also highlighted other data points the MPC would consider, including gross domestic product (GDP), which saw a return to growth of 0.3% in November – a potentially encouraging sign for policymakers.
Matt Swannell, chief economic advisor to the EY ITEM Club, affirmed: “Keeping bank rate unchanged at 3.75% at next week’s meeting looks a near-certainty.”
He noted that while some MPC members who favoured a cut in December still have concerns about persistent wage growth and inflation, recent data has not been compelling enough to prompt back-to-back reductions.
Edward Allenby, senior economic advisor at Oxford Economics, forecasts the next rate cut to occur in April.
He explained: “The MPC will continue to face a delicate balancing act between supporting growth and preventing inflation from becoming entrenched, with forthcoming data on pay settlements likely to play a decisive role in shaping the next policy move.”
The Bank’s policymakers have consistently voiced concerns regarding the pace of wage increases in the UK, which can fuel overall inflation.
Business
Budget 2026: India pushes local industry as global tensions rise
India’s budget focuses on infrastructure and defence spending and tax breaks for data-centre investments.
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