4 hours ago Shock fall in inflation paves road for Bank of England to slash interest rates twice in boost for millions of borrowers before Christmas

The dual boost for borrowers has been put down largely to lower air fares and petrol prices according to the Office for National Statistics (ONS).

Economics

16 hours ago Fuel and flight price cuts see inflation drop to 1.7 per cent in September

Lower inflation was partly caused by a significant fall in fuel prices and air travel, according to the ONS

Economics

21 hours ago Today's big fall in inflation is an early Christmas present for homeowners and consumers

The mortgage price war between major lenders is now expected to resume after fizzling out in recent days

Economics

21 hours ago Hopes of Christmas gift for Brits with TWO quick interest rate cuts as inflation tumbles faster than expected to 1.7%

Headline CPI dropped to 1.7 per cent in September from 2.2 per cent the previous month - much better than analysts had expected.

Economics

21 hours ago Rachel Reeves boosted by big drop in inflation as she seeks £40bn in Budget tax rises

The fall in inflation comes as Rachel Reeves looks for £40bn of spending cuts and tax hikes in the October 30 Budget

Economics

22 hours ago Odds of November interest rate cut jump as UK inflation drops to 1.7% – business live

UK inflation drops below 2% target in September, weakening pound and raising chances of an interest rate cut in NovemberToday’s report shows that prices in the UK are rising a little slower than in Germany (where inflation was 1.8% on an EU-harmonised basis), but faster than in France (where harmonised CPI was just 1.5%).With inflation firmly below the Bank of England’s 2% target, policymakers could potentially cut interest rates at their final two meetings of 2024.“For the first time in more than three years inflation is back below the Bank of England’s 2% target. With inflation falling below this level and the pace of wage growth slowing, the conditions appear ripe for another rate cut at the Bank of England’s next decision in early November, and maybe even the one after in December t...

Economics