247 results for "UK inflation"

UK inflation fell to 2.3% in April, marking the lowest percentage for almost three years, but the fall was less than expected, dashing expectations of an interest rate cut much...

UK inflation dropped to 3.4% in February, the lowest rate for two and a half years, as the annual pace of price hikes started to slow after surging in January....

The British public's estimates for the rate of inflation over the next year have declined in the previous three months, according to a Bank of England survey released on Friday,...

Official data shows that UK inflation held steady at 4% in January, defying all the previous forecasts of a higher rise, as household goods' and food prices drop counteracting the...

Addressing inflation requires sacrifices from UK workers, including accepting reduced income deals, and necessitates organizations to regulate their profits. This cautionary stance is emphasized by a Bank of England official,...

Households are continuing to turn to cheaper products after two and a half years of steep price rises, despite the fact that UK grocery price inflation has slowed to its...

Retail data recently showed that non-food prices in UK stores fell annually for the first time since 2021, bringing overall shop inflation below 1%, easing the burden of rising living...

The cost of living crisis that has plagued millions of households since the end of 2021 appears to be easing, as data shows that UK grocery price inflation fell to...

Whether it is the food in your fridge or your monthly mortgage payments, inflation has seen costs rise sharply for UK households over the last two years. Just two years...

The UK is taking steps to keep up with the rising cost of living by significantly increasing the legal minimum wage. However, the question remains: will it be enough? 9.8%...

British food inflation has reached its lowest level since February 2022, prior to Russia's invasion of Ukraine, says industry data. The data suggests that rising food costs are finally beginning...

Brokers and housing market analysts predict mortgage rates to fall slightly in the coming weeks. This is due to positive inflation data and an optimistic outlook from the Bank of...

UK food price inflation reached its lowest rate in two years due to declining energy costs and intensified competition among supermarkets, providing relief for households amidst stretched budgets. Moderate Food...

The UK's economy, rebounding from a recent recession, exhibits resilience with robust growth in services firms. Despite a surge in business optimism, inflation concerns, heightened by the recent recession, raise...

In the intricate mosaic of the United Kingdom's economic landscape, the omnipresent force of inflation plays a pivotal role, subtly but significantly influencing the costs associated with everyday essentials. Inflation's...

Despite recent efforts to stabilize inflation, complaints persist among UK households as they continue to feel the impact of rising prices. The Consumer Prices Index (CPI), which peaked in 2022,...

The United Kingdom is poised to experience a second consecutive monthly increase in its inflation rate, dealing a setback to expectations of a potential interest rate cut by the Bank...

The Chancellor's announcement is expected in Wednesday's Budget, based on recommendations from the Low Pay Commission.

UK employers are concerned that higher national insurance could make it harder to hire and raise wages, affecting pubs and restaurants.

The UK economy grew by 0.2% in August; however, concerns remain as the budget approaches on October 30.

Mortgage rates under 4% are returning as competition heats up, offering better opportunities for first-time buyers amid Bank of England's rate hold.

The pound dropped sharply after the Bank of England's governor signalled the possibility of more aggressive interest rate cuts if inflation continues to cool, amidst concerns over the Middle East…

Pressure mounts on Chancellor Rachel Reeves to adjust State Pension, but experts warn of long-term economic risks and the potential depletion of pension funds.

Drivers are set to benefit as Saudi Arabia plans to increase oil production, causing Brent Crude prices to drop. This move has already led to lower fuel prices at the…

A savings expert cautions that UK bank account users must act prior to August 1 to receive high interest rates on their investments. Expert Insights on High Savings Rates Ahead...

Labour leader Sir Keir Starmer is preparing to offer significant pay rises to teachers and nurses, although this would require higher taxes or further borrowing. Starmer Faces Fiscal Challenges with...

The research shows that by 2026 million pensioners could suffer from so-called “retirement tax” on their state pension. Labour will hold the current tax threshold at £12,570 up to 2027-28....

UK retail sales fell last month as cold weather discouraged consumers from purchasing summer season items and gardening supplies, in spite of strain easing on families amid a slowdown of...

Sir Keir Starmer led Labour Party has swept to victory, had a clear majority to form the next government. Starmer speaking on the ability in the just accomplished electoral stated...

UK shop prices fell slightly between May and June. Yes, they fell, but not by much compared to last year. This trend seems to indicate that the next government may...

UK households are set to get up to £997 in new benefits, boosts, and bill reductions due to financial changes taking effect this July. This month is both financially and...

UK Households have been warned they face a £264 financial gap in their expenses every month despite a considerable rise in their disposable income. UK Households' Disposable Income Rises Amidst...

Elderly people (Pensioners) in the UK are getting ready for a possible big tax hit if Labour wins the next vote. But even if the Conservatives stay in control, retired...

Council tax bills are expected to climb by £600 per year, delivering a cost-of-living shock to millions of households throughout the UK. Council Tax Warning: Funding Crisis Looms for Local...

Last April, the UK saw an increase of 1.1% in average house prices over the same month the previous year, says the Office for National Statistics (ONS). This positive trend...

Britain is in for some good news on Wednesday, with official figures expected to show that inflation has returned to the Bank of England's 2% target for the first time...

A leading think tank is warning that ‘hidden in plain sight’ tax rises could cost British households £800 a year, regardless of who wins the election. Frozen Tax Thresholds Push...

The latest figures from mortgage lender Halifax show that during the crucial spring sales period, UK house prices remained unchanged in May, supported by rising wages and a rise in...

The latest predictions from the British Chambers of Commerce (BCC) suggest that the UK economy is set to grow faster than expected. Moving from a previous estimate of 0.5% to...

At a time when rising council tax, broadband and mobile phone prices, as well as pressures on family finances, have put a strain on customer spending growth, a report suggests...

UK housing costs accelerated in May, despite a rise in lending costs slowing the recovery, statistics released on Friday showed. House costs rose by 0.4% in both April and May,...

British state pensioners could see a significant increase of £600 a month in their payments under a new policy proposal. A financial expert has suggested that the incoming government could...

Deciding whether to buy or rent a home remains a hypothetical discussion for most people. Many cannot afford to buy a property or even to leave the family home to...

If you're facing challenges with covering your water bills, know that your water provider offers assistance programs designed to help. These include options like social tariffs and subsidies aimed at...

Summer is just around the corner and there's good news on the horizon for British households. According to leading industry analysts at Cornwall Insights, a further fall in the price...

Supermarkets and other gas dealers have been charged with inflating their profit margins and pushing up UK fuel price to new highs. UK Fuel Price Crisis: RAC Calls for Government...

The Department for Work and Pensions (DWP) has vowed to offer people additional time and assistance in order for them to find a job. The pledge comes as new Universal...

Over the three months to March, wage growth in the UK remained strong despite the slowdown in the labour market. Members of the Bank of England's Monetary Policy Committee had...

The UK emerged from recession at the beginning of the year thanks to stronger-than-expected growth. According to official statistics, the GDP expanded by 0.6% between January and March—the quickest pace...

The next government will be required to hit voters with post-election tax increases and delay net-zero investment unless it is willing to scrap Treasury guidelines for managing public finances, according...