247 results for "UK inflation"

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...

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...

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...

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 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...

Larger property has pushed asking prices to near record levels in April, following data that suggests the UK housing market is still recovering despite the recent volatility in mortgage rates....

Early fees are likely to become a substantial monthly financial burden when post-Brexit border checks begin at the end of this month. New Brexit Border Charges Several key figures in...

The RAC issued a warning that UK petrol prices might soar far above 150p per litre, after rising by roughly 8p this year. Rising UK Petrol Prices Spark Concerns Since...

The average UK house price declined by 0.2% in the year leading up to February down from 1.3% in the year leading up to January. Diverging UK House Price Trends...

UK rental prices soared at a record rate of 9.2% over the past month, while house prices stagnated, with London suffering the most. As well, rising borrowing costs continued 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...

The UK is set to face food shortages and price increases as severe weather associated with climate change causes low yields on farms both locally and internationally. Rain-Hit Farms Struggle,...

According to data released on Tuesday, the UK job market lost a little more of its inflationary heat, which gave the Bank of England some respite. However, persistent underlying issues...

According to the Office for National Statistics, the UK economy saw a 0.1% increase in Gross Domestic Product (GDP) in February of this year, following a 0.3% rise in January....

Nearly half a million teachers in England and Wales could see a significant boost to their retirement income as a result of a little-known loophole. Often overlooked, this financial trick...

The cost of maintaining 'Gold-Plated' public sector pensions will be shouldered by taxpayers to the tune of an extra £2.5 billion, following the granting of one of the biggest pay...

Britain's retail sales sector is showing promising signs of recovery after a period of weak growth and economic uncertainty. Since hitting a two-year low in February, UK retail sales picked...

Halifax, a leading UK lender, reported that UK housing prices fell in March for the first time in six months, which surprised analysts and added to the indications of irregularity...

According to the Institute for Fiscal Studies, more than half a million of UK pensioners will face paying income tax for the first time this week. Tax Burden on UK...

According to Nationwide building society, UK house prices dropped for the first time in three months as high mortgages continue to impact the market. UK House Prices Dip for First...

Despite the UK government's recent implementation of the largest cash boost to the minimum wage in over a decade, a sobering reality persists as millions of UK workers across the...

Britain's households are set to be hit by a wave of rising bills for essential services, as a number of companies implement their annual price hikes from 1 April. The...

The UK housing market is poised for an active spring, thanks to lower mortgage interest rates and increased buyer confidence. The latest HMRC report shows an encouraging increase in property...

It is commonly believed that the British government, a body elected by the people, mostly by its pensioners, always has their interests at heart. However, this perception is not entirely...

Millions of UK workers could see a boost in their bank accounts starting April 7, as the UK's lowest-paid workers receive a salary increase, resulting in an additional £160 for...

The Department for Work and Pensions (DWP) is poised to implement a significant increase in state pension rates. UK pensioners are set to receive a substantial increase in state pension...

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...

The recent borrowing figures of the UK government have been a surprise to many. The nation's finances seem to be under more strain than anticipated, with a reported borrowing of...

The latest data published recently by the Office for National Statistics (ONS) reveals a significant rental costs rise across the UK last February, while price adjustments in the housing market...

Official data showed that the UK economy displayed signs of growth in January after experiencing a mild recession in the second quarter of 2023, offering prime minister Rishi Sunak a...

Job vacancies in the UK have dropped to their lowest in three years as recruiters delay or suspend their hiring processes. A situation that considerably impacts the country's economy, already...

According to the latest data from Halifax, UK house prices have experienced a 1.7% annual surge, bringing the average cost of a UK house remarkably close to the peak recorded...

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...

In February, the combination of wet weather and persistent cost of living challenges significantly dampened retail sales, leading to a meagre growth rate of just 1%. Many households opted to...

Rail passengers in England and Wales have been faced with major disruption to their travel plans. In fact, rail fares were increased by almost 5% on 2 January. Reports indicate...

Britain braces for a looming financial blow as a surge in sick days is predicted to incur a staggering cost of £66 billion by the decade's end, sounding alarm bells...

Britain's tax burden is set to hit an all-time high regardless of what the Chancellor announces in next week's Budget, according to a new analysis. This is primarily due to...

Embarking on a new era in travel protocols, the United Kingdom has initiated its Electronic Travel Authorisation (ETA) scheme, signifying a pivotal shift in entry requirements for visitors to the...

As the UK enters its first recession in 11 years, gold's safe-haven appeal is attracting attention from investors. As the economy slows and markets become more volatile, they are looking...

In a cautionary note, Swati Dhningra, a policymaker at the Bank of England, has expressed concerns about the potential consequences of delaying interest rate cuts until inflation further subsides. Dhingra...

UK motorists have faced a significant £2 surge in petrol prices this month, attributed to escalating fuel costs amidst the ongoing Red Sea attacks. This sharp escalation underscores the susceptibility...

Jeremy Hunt received a pre-budget boost with the latest government borrowing figures revealing that the UK achieved a monthly budget surplus in January, marking a record since modern record-keeping began...

Indicating a positive turn in its economic trajectory, Britain exhibits signs of recovery following a mild recession, as affirmed by the Bank of England governor. The anticipation of a forthcoming...

Recent reports highlight that high housing prices and insecure jobs in Britain are causing UK middle class households to grapple with financial struggles in their journey to maintain decent living...

The Bank of England faces the peril of exacerbating the UK's recession unless it promptly reduces interest rates to alleviate the strain on households grappling with the relentless cost of...

House prices in Britain have experienced a year-on-year increase for the first time in six months, reflecting a boost in demand from buyers and indicating a stabilization trend in the...

The Bank of England (BoE) has adopted a cautious stance against a backdrop of rising inflation, an energy crisis exacerbated by the war in Ukraine and the lingering effects of...

After enduring years of austerity and weathering the storm of the Covid-19 pandemic, Britain's economic growth faces a daunting reality an ailing workforce and businesses grappling with recruitment struggles. The...

In a week marked by the announcement that inflation remains at 4% in January, a glimmer of hope emerges for savers, the possibility of securing a savings account with an...