288 results for "inflation"

UK inflation rose to 2.3% in October, surpassing the Bank of England’s target of 2% and raising concerns over potential delays to interest rate cuts. The increase, driven by a…

In October, despite rising grocery prices Inflation, UK households continued shopping at record levels, pushing supermarket sales to a new high.

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...

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...

On Thursday, the European Central Bank (ECB) confirmed an anticipated interest rate cut, despite persistent inflationary pressures in the 20-member eurozone. The decision brings the central bank's key rate down...

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...

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...

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...

Homeowners will face higher mortgage costs as inflation rises and tax policies tighten the economic noose. Experts warn that borrowing rates could rise further, leaving families and businesses to navigate…

The DWP’s newly announced benefit rates for 2025 will bring increases across key payments, including the State Pension, Universal Credit, and Carer’s Allowance, offering relief to millions. While these adjustments…

Rental prices in the UK are on track for significant increases over the next five years, with experts predicting sharp rises fueled by a shrinking supply of rental properties. As…

The rising cost of living has made achieving even a basic retirement standard increasingly challenging for state pensioners. With the cost of a “comfortable” retirement now requiring £43,100 annually for…

The UK Budget's tax hikes, particularly the rise in employer national insurance contributions, are set to hit consumer confidence and wage growth in 2025, warn analysts. Reports from Goldman Sachs…

UK retailers, including Tesco and Amazon, warn of “inevitable” job losses and price hikes due to Labour's planned National Insurance Contributions (NICs) increase.

Average asking prices for UK homes have dropped by over £5,000 this November, reflecting a seasonal slowdown and post-budget uncertainty. While demand has begun to recover, factors like stamp duty…

Could you be eligible for a little extra cheer this festive season? The DWP Christmas Bonus is coming soon—but not everyone makes the cut. Check the full list of benefits…

The UK government’s latest update on Personal Independence Payment (PIP) reforms could mark a significant shift in disability benefits. While aimed at modernisation, the suggestion to replace cash payments with…

State pensioners in the UK may finally see their Winter Fuel Payment rise to meet soaring energy costs. Advocates argue that without increased support, millions could face a harsh winter…

The UK economy has hit a rough patch as growth slows to unexpected levels, raising concerns about its resilience in a challenging global environment. With some sectors stagnating and others…

UK unemployment has risen, while wage growth shows signs of slowing, reflecting a cooling labour market amid mounting economic pressures. Businesses are adjusting to inflation and higher National Insurance contributions,…

The UK's leading lenders have increased fixed mortgage rates in the wake of Budget-related rises in borrowing costs and market uncertainty. Homeowners and buyers now face a tightening market as…

State Pensions are set to rise by 4.1% in April 2025, thanks to the Triple Lock. Full New State Pension recipients will see weekly payments increase, with annual boosts of…

From April 2025, people in the UK with certain health conditions may be able to get Attendance Allowance to help with the cost of care. This benefit is for those…

The DWP has announced a 1.7% increase in four key benefits for eligible recipients of PIP, DLA, Attendance Allowance, and Carer's Allowance.

The Department for Work and Pensions (DWP) will automatically pay millions of state pensioners and recipients of specific benefits this December. This payment is called the Christmas Bonus.

The Department for Work and Pensions is implementing significant changes to Universal Credit payment rates from April 2025, as announced by Rachel Reeves, Chancellor of the Exchequer, at Labour's budget…

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