177 results for "inflation"

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...

British people could potentially gain an additional £1,000 in real terms on their savings, says the analysis, as providers offer competitive interest rates that exceed inflation levels. The current financial...

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...

The governor of the Bank of England has indicated that the UK is still on track for an interest rate cut, as official numbers show a further slowing in the...

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...

Bank of England Governor Andrew Bailey has indicated that further interest rate cuts are probable this year, given the encouraging signs that inflation is approaching the Bank's target. Interest Rate...

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,...

The Office for Budget Responsibility (OBR) anticipates a notable economic development as inflation is projected to dip below the government's 2% target in the coming months. OBR Forecasts Inflation Dip...

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,...

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...

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...

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,...

Central banks must ensure they have fully addressed inflation concerns before considering interest rate cuts this year, according to the Organization for Economic Co-operation and Development (OECD). Despite revising its...

Analysts are increasingly noting the Bank of England's likely recognition of the unexpected progress in curbing inflation. However, the central bank remains hesitant about initiating interest rate cuts. The Bank...

The European Central Bank's Chief Economist warned that ongoing inflation threats may prevent the ECB from implementing rate cuts this year, despite acknowledging the possibility of an economic downturn. Euro-zone...

In the ongoing battle to tame inflation, the decreasing price of gasoline emerges as a positive development, even if the Federal Reserve's policies have little to do with this change....

With a few days remaining until Christmas, parcel delivery platforms are operating at full capacity. In fact, all players in the sector are seeing an increase in the number of...

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...

An online petition with over 59,500 signatures has been started to demand a weekly State Pension payout of around £550 to bring it into compliance with the National Living Wage....

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...

Starting today, a significant boost awaits millions of households enrolled in Universal Credit, promising increased financial support each month. Universal Credit Payment Increase: What You Need to Know On 9...

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...

UK energy company British Gas has announced an "innovative" new scheme under which it will match payments made by customers to clear energy bill arrears. This scheme aims to help...

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...

The Bank of England is likely to hold interest rates at 5.25% for the sixth time in a row on Thursday. The move comes as inflation, which tracks price increases...

As investors grow increasingly confident that the Bank of England will start cutting rates by the summer, overtaking the US equivalent, they have increased their bets against sterling. According to...

Borrowers expecting costs to come down will have to wait longer, as Bank of England governors are poised to wait for more compelling indications that the cost-of-living crisis has eased....

Following Labour MP Navendu Mishra's question about whether an assessment of the “average financial impact per claimant of the discontinuation of Disability Cost of Living Payments” had been made, the...

Taxes and high interest rates are set to make the UK economy the slowest growing in the G7 next year, according to forecasts by the Organisation for Economic Co-operation and...

Bitcoin's price is falling in the aftermath of record highs and the “halving” event. The cryptocurrency's value has already dropped 17 percent in the last month and 12 percent in...

Eight money and cost of living adjustments that will affect bank accounts. New changes go into effect this month, affecting Department for Work and Pensions (DWP) claimants, Universal Credit beneficiaries,...

Average private rent prices have surged again in the UK, reaching record heights, with yearly rental growth in hotspot areas including Reading and Coventry running at nearly 20%. UK Rents...

As of 2024, the UK's mortgage payments had risen by a staggering 60% compared to 2021, giving a clear idea of the financial pressure homeowners are under. This significant jump...

According to the Trades Union Congress, many average UK workers have seen £200 vanish from their bank accounts.  Average UK Workers Experience Real Wage Decline, Criticisms of Conservative Policies Arise...

Amidst the introduction of a new UK driving reform, recent analysis highlights a concerning trend: the average cost of car insurance in the UK has surged by one-third within a...

British universities find themselves in a paradoxical situation of axing hundreds of teaching positions and simultaneously hiring 'Woke'' Assistants with high salaries, some as high as £100,000. UK Universities in...

The Bank of England is facing increasing Tory pressure for interest rate reduction ahead of the scheduled May rate-setting meeting, driving economists to caution that politicians should not interfere with...

Recent statistics suggest that many pensioners may have been overtaxed on their pension withdrawals. Claimants are being encouraged to check whether they are entitled to a tax refund from HM...

The UK Government's recent decision to freeze income thresholds could result in unexpected tax liabilities for around 127,680 married couples in the 2024-25 tax year. This is due to the...

Ministers have been advised that private sector workers and businesses must contribute more to their pensions to avoid a retirement crisis. Urgent Reforms Needed to Bolster Pension Contributions According to...