288 results for "inflation"

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...

In an ongoing salary dispute, junior doctors in England have overwhelmingly opted to carry out six months of further strike action. Junior Doctors Overwhelmingly Support Extended Strike Action The Health...

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...

The Bank of England has been called to intensify efforts to bring the finance industry into line with the UK's climate targets. Prominent Economists and Advocacy Organizations Urge Bank of...

House asking prices have surged by more than £5000 in March as the mortgage market recovery uplifts sellers' confidence in property values. House Asking Prices Surge, but Buyers are Still...

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...

New data reveals that wage growth fell slightly short of expectations, pointing to a growing impact of the Bank of England's interest rate increase on the broader economy. UK Wage...

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...

High earning parents are the biggest beneficiaries of the latest budget adjustments, as the chancellor announced a major restructure of a tax penalty that is set to have an impact...

In Thursday's London session, the pound sterling (GBP) shows resilience versus the US dollar as traders anticipate that the Bank of England (BoE) would follow the Federal Reserve (Fed) in...

Manchester airport flights are set to experience a price rise, following the Chancellor's budget announcement of a surge in air traveller duty to assist fund larger reductions to National Insurance....

Rishi Sunak cautioned against campaigning on an unfunded proposal to eliminate employee national insurance, as it could create a £40 billion deficit in public finances, according to projections.  Sunak Faces...

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...

British pensioners with income tax may be concerned to learn that they stand to lose £1,000 in Chancellor of the Exchequer Jeremy Hunt's new Budget. His proposal to freeze the...

In evaluating Jeremy Hunt's budget, the Resolution Foundation Thinktank reveals a historic downturn in household incomes throughout a parliamentary term, despite the Chancellor's insurance cuts. Thinktank Warns of Falling Household...

With the cryptocurrency market ablaze, Bitcoin is seizing the spotlight once again, surging past $67,000 for the first time in years. After a period of dormancy, the pioneer cryptocurrency has...

Jeremy Hunt's recent Budget 2024 announcement includes a strategic manoeuvre: a 2p reduction in national insurance rates. This decision aims to boost both his declining approval ratings and revitalize the...

UK Chancellor Jeremy Hunt's Budget 2024 announcement may have left you wondering about the impact on your finances. Substantial changes are on the horizon, with key measures on tax, benefits,...

The value of gold has surged to a new record high as investors seek refuge in safer assets amidst looming worldwide economic instabilities and geopolitical tensions. Record-Breaking Surge in LBMA...

As anticipation grows among Conservative Members of Parliament, Chancellor Jeremy Hunt is expected to unveil a substantial £5 billion pre-election tax break for motorists in the forthcoming Budget. Speculation is...

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...

Amidst the spectre of a potential strike, workers on the London Overground have successfully negotiated a three-year pay deal. The agreement includes significant pay hikes, particularly benefiting the lowest-paid employees,...

Recent research highlights a surge in rents in commuter towns, driven by the increasing unaffordability of urban areas. As cities grapple with a growing affordability crisis, tenants are turning to...

Commuters in England and Wales brace themselves for a notable change in their daily expenses, with rail fares set to increase by 4.9% starting this Sunday. This rise in train...

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...

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...

With Easter fast approaching, many people are looking forward to a time of joy and celebration. However, according to industry analysts, chocolate lovers can expect more expensive Easter eggs this...

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...

The Institute for Fiscal Studies (IFS) has warned that Chancellor Rishi Sunak's recent fiscal measures targeting workers and businesses are projected to result in an additional £100 billion in taxes...

UK businesses are grappling with increased shipping expenses and delays of up to four weeks, attributed to Red Sea attacks, according to a statement from a prominent business group. The...

As Chancellor Jeremy Hunt readies for another round of tax reductions in next week’s budget, economists caution that Britain's extended public services will bear the burden of post-election spending cuts....

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...

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 digital age where cryptocurrencies continue to stir debate, the reception to a recent European Central Bank (ECB) blog post critiquing Bitcoin has been notably contentious. As of today,...

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...

Economists are pointing to a potential emergence of Britain's economy from recession, propelled by a significant surge in real wages. This wage surge is considered a pivotal factor in bolstering...

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...

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...