247 results for "UK inflation"

As the clock ticks on, signalling the inevitable journey toward retirement, a daunting revelation casts a shadow over the typical worker facing the stark reality of being left £600,000 adrift...

At a critical moment, the UK is facing a looming council funding crisis that threatens essential services and local finances across England. This pressing issue demands immediate attention and decisive...

On Thursday, amidst the disheartening revelation that the UK economy slipped into a recession in the latter half of 2023, London's financial markets, including the FTSE, and the pound demonstrated...

Rishi Sunak's vow to foster economic growth hits a dissonant note as the UK unexpectedly plunges into recession. Shadow chancellor Rachel Reeves asserts that Sunak's commitment lies in tatters, painting...

Official statistics project a forthcoming rebound in the UK housing market for 2024, spurred by a £4000 decline in house prices noted in the previous year. This anticipated recovery carries...

Despite initial expectations of a slowdown, recent data indicates that pay growth in the UK has defied projections, continuing its upward trend. This persistence is noteworthy, particularly amidst challenges such...

Given the prevailing economic uncertainties, UK employers are considering reducing pay rises for their employees over the coming year. This decision reflects the cautious approach being taken by businesses against...

As the City awaits the new revelations next week, anticipation looms over the fate of the UK economy, hanging in the balance of whether it succumbed to a recession in...

In the revered halls of the UK's premier agricultural research institution, a storm brews. The institution faces a looming funding abyss, casting a shadow over its groundbreaking work and placing...

The UK housing market maintains its momentum with a fourth consecutive surge in house prices observed in January. Insights from Halifax, a leading mortgage lender, shed light on this trend,...

Rising energy and grocery bills are placing significant financial strain on pensioners, emphasizing the urgency of bolstering retirement savings. Amidst escalating living costs, pensioners find themselves grappling with the necessity...

Economists, including those at the National Institute of Economic and Social Research (NIESR), warn that the Bank of England's reluctance to share its plans for interest rate cuts may lead...

Starting this Tuesday, a crucial support measure will benefit eight million households dependent on means-tested benefits. This final installment of the cost-of-living boost aims to alleviate the strain caused by...

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...

The Office for National Statistics (ONS) has released a promising update on the UK's economic status, indicating a substantial decrease in the rate of the unemployed people. In a surprising...

Amidst the backdrop of escalating inflation and interest rates, UK businesses find themselves grappling with the second-highest level of financial distress across Europe. Insights into UK and European Business Sector...

The Bank of England has opted to maintain the current interest rates at 5.25 percent, citing a forecast indicating a quicker-than-anticipated decline in inflation to reach its target level. This...

Renowned economist Hamish McRae provides insights into the trajectory of the UK economy, emphasizing upcoming figures that could signal a rebound. Anticipated interest rate adjustments add to the intrigue, and...

While the significant drop in forecasted inflation for 2024 may seem like good news for many households, experts are warning of potential deflationary risks in the United Kingdom. Anticipated Inflation...

Jeremy Hunt remains committed to proceeding with tax cuts, despite the International Monetary Fund (IMF) cautioning that the increasing debt burden and NHS challenges render such cuts unsustainable for Britain....

Within the tumultuous landscape of the UK rental market, tenants find themselves navigating the daunting terrain of surging rent prices and fierce competition for available properties. The challenges are twofold,...

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...

Econostrum: from inflation to investments, explore your news and financial advice media for everyone. Econostrum.info is a reliable source of information for decision-makers, entrepreneurs, and researchers, as well as a...

Significant changes are on the horizon for mortgage rates, as Barclays prepares to implement increases across various fixed-rate deals.

According to Office for National Statistics (ONS) the UK inflation rate for May fell to its lowest point in almost three years. The Consumer Price Index (CPI) dropped to 2.0%...

According to new estimates from the Office for National Statistics (ONS), UK inflation fell to its lowest level in nearly three years in April as energy prices fell further. Consumer...

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....

Analysts predict that oil prices will reach $100 per barrel by May as Saudi Arabia extends production restrictions. In fact, escalating geopolitical tensions and an extension of the Opec cartel's...

Policymakers at the Bank of England kept interest rates on hold at 5.25% for the fifth consecutive time, despite a fall in inflation. The Bank of England Keeps Interest Rates...

The Bank of England's chief economist recently emphasized that a cut in UK interest rates is not on the immediate horizon. Huw Pill's Cautionary Notes on UK Economy and Potential...

The most influential banks globally are expressing scepticism about the Bank of England's macroeconomic assessment. A concerning proportion believes that the Monetary Policy Committee has misinterpreted global developments and is...

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…

How does contracting out your additional state pension affect your retirement benefits, and what should you look out for?

Rachel Reeves' proposed freeze on the tax threshold could cost families more than £16,500, with analysis revealing hidden financial burdens.

Martin Lewis issues an urgent six-month warning, revealing a lucrative opportunity for millions nearing retirement to secure a significant pension boost.

State pensioners face income problems even after a threefold increase, as the loss of the winter heating allowance offsets the gains.

Disability benefits will increase next April, with PIP, ADP, and DLA going up by 1.7%. More details will be confirmed on October 30.

This week, millions of pensioners await crucial CPI figures to determine their State Pension increases for 2025/26, which may significantly impact their finances.

State pensioners are being warned by HMRC that they could be hit with a £665 tax bill, which includes those who have lost Winter Fuel Payments.  

Over 800,000 people in the UK are benefiting from the Motability Scheme, which provides affordable leasing options for vehicles and mobility aids to disability benefit recipients.

State pensions in the UK are expected to rise by up to £461 in April 2025, thanks to a 4% wage growth under the triple lock system.

Personal Independence Payments (PIP) claimants will soon receive an additional payment in their bank accounts before the winter season.

UK households will experience a set of changes in October 2024, which will impact various financial rules and support payments.

The DWP is informing people about available support to cope with rising living costs as many families face higher bills for essentials like heating, food, and mortgages.

Serps, or the State Earnings-Related Pension Scheme, was introduced to help workers earn additional pension income. Although it was replaced in 2016, many pensioners still receive Serps as part of…

Parents earning less than £60,000 a year can now receive increased annual cash support thanks to recent updates in HMRC regulations.

Under the triple lock, the full new state pension should increase by over £500 to £12,020 per year starting  April 2025. However, this amount is still far below  what is required...

Many petrol and diesel drivers could be forced to ditch their vehicles and switch to other modes of transport as new pay-per-mile tax changes are set to be introduced. New...

A report claims that the new full state pension will increase by over £400 per year. According to the BBC, Treasury calculations show that the pension might be increased as...

A continuing cost-of-living crisis has gripped the people of the UK, ringing in difficulties in day to day life expenses for millions of families. Whether it's shopping or even making...