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UK inflation

World

UK inflation falls to lowest level in over 3 years, cementing expectations for another rate cut

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Inflation in the U.K. has fallen to its lowest level for more than three years, official figures showed Wednesday, a drop that has cemented...
World

BOE’s Greene Says Strong UK Consumer Could Renew Price Pressures

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A consumption-driven recovery in the UK could set off a renewed bout of inflation, but more interest rate cuts are likely as prices...
World

UK inflation holds at 2.2% in August as BoE considers rates

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British inflation stood at an annual rate of 2.2% in August, unchanged from July, but price growth in the services sector - closely watched...
World

UK borrows more than expected in July, underlining challenge for FM Reeves

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So far the government has borrowed 51.4 billion pounds over the first four months of the 2024/25 financial year | Photo: Pexels3 min read...
Jobs

Possibility of multiple Bank of England interest rate cuts rises on jobs and inflation data

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Traders have raised bets that the Bank of England (BoE) will cut interest rates in September despite a rise in UK inflation as the...
World

UK inflation rises 2.2%, remains slightly less than expected in July

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Wednesday's data showed that annual services price inflation fell to 5.2 per cent in July from June's 5.7 per cent | Photo: Bloomberg2 min...
World

UK inflation stays at 2% target in June, leaving rate cut on ‘knife edge’

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Some policymakers are still concerned over the scale of price rises in the crucial services sector and the pace of wage increases. Photo: Pexels3...
Bussiness

UK shop price inflation weakest since 2021 ahead of elections

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UK retailers feel the pinch as the country heads for the upcoming election. Prices rose at the slowest pace in almost three years month,...
Bussiness

UK inflation falls to Bank of England’s 2% target rate for first time in nearly 3 years

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Inflation in the U.K. returned to the Bank of England's target rate of 2% for the first time in nearly three years, official figures...
Bussiness

UK inflation at 2% for first time since 2021, underlying pressure persists

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The fall has been sharper than in the euro zone or the United States, where consumer price inflation in May was 2.6 per cent...
Bussiness

High cost of living bites UK Many believe election wont change anything

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Although inflation has returned to near-normal levels after skyrocketing in recent years, energy bills and items on store shelves still cost more than they...
World

Rishi Sunak calls UK national election for July 4

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