55 h. ago Jaguar Land Rover to restart UK production after devastating cyber attack

Tata-owned carmaker agrees new financing scheme to ease cash crunch for suppliers hit by shutdown

Events

7 d. ago Reeves poised to back down on higher business rates for UK retailers

Policy change expected in Budget after the sector said higher charges would push up food inflation for consumers

Politics

9 d. ago Warning issued as UK households find ‘shopping increasingly expensive’

More shoppers are becoming conscious of prices while shopping

Events

2 w. ago High inflation, soaring food prices and dwindling growth: How Britain’s economy ranks compared to other nations

The UK is forecast to see the highest rate of inflation of the G7 this year, while the economy is expected to stall – spelling trouble for the chancellor, Rachel Reeves, who made growth her “number one mission”.

Economics

2 w. ago Brits brace for cost of living crisis 2.0: Fears 5% inflation and tax hikes in autumn Budget will send food bills skyrocketing this winter

Millions of families face further rises in food prices if Chancellor Rachel Reeves presses ahead with plans to hit big shops with higher business rates, industry experts warned today.

Economics

2 w. ago Tax rises would lead to food inflation remaining above 5% ‘well into next year’

The BRC warned that a new surtax for large shops could lead to price rises for consumers.

Economics

2 w. ago Britain could 'lose the war on inflation': Higher business rates 'to push up food prices', retail bosses warn Reeves

The BRC said the Chancellor 'risks losing the battle against inflation' if she pushes ahead with plans to raise taxes on around 4,000 shops.

Economics

3 w. ago BoE crushes Brits' hopes of interest rate cut as surging food prices spark alarm about inflation

The Monetary Policy Committee kept the base rate at 4 per cent as it announced the latest decision at noon.

Economics

3 w. ago BoE poised to dash Brits' hopes of interest rate cut TODAY as surging food prices spark alarm about inflation

The Monetary Policy Committee is expected to keep the base rate at 4 per cent when the latest decision is announced at noon.

Economics

3 w. ago Families in Britain are £20,000 worse off than 20 years ago, report warns

Income stagnation over the past two decades is ‘unprecedented in modern times,’ damning new report warns

Events

3 w. ago Food prices are still rising despite inflation holding steady. Here’s why

August’s inflation rate of 3.8 per cent means that if an item cost £100 a year ago, it would now cost £103.80

Economics

3 w. ago Examples of where inflation jumped in August – and where it eased

Food price inflation is running at its highest level for 18 months.

Economics

3 w. ago Food prices drive British inflation to 3.8% in August, above US, euro zone

Food prices drive British inflation to 3.8% in August, above US, euro zone  Reuters

Economics

3 w. ago Inflation sticks at 3.8% with food costs rising in more woe for Rachel Reeves as she faces widening Budget black hole

Official figures showed headline CPI held firm at 3.8 per cent in August, in line with analysts' expectations.

Economics

3 w. ago Food prices rise again for fifth month in a row despite UK inflation remaining unchanged at 3.8%

Food and drink inflation rose to 5.1%

Economics

3 w. ago UK overall inflation remains at 3.8% in August, but food price growth climbs for fifth month in a row

Food prices rise at fastest rate since January 2024 with vegetables, milk, cheese and fish going up; Bank of England expected to keep interest rates on hold on ThursdayAt 3.8%, the latest UK inflation data certainly isn’t welcome news for the Bank of England ahead of its decision on Thursday, where it’s widely expected to leave rates on hold, said James Smith, developed markets UK economist at ING.Yet the latest data doesn’t dramatically move the needle one way or another on the prospect of a further rate cut later this year.Inflation is more or less at a peak, though it’s likely to stay in the 3.5-4% area for the rest of this year.However, we think there is still scope for services inflation to undershoot the Bank’s forecasts further in the next release for September. And more broadly, we are seeing a significant easing in rental growth, which is set to be a significant source of service sector disinflation over the coming months.If we’re right about that, it would tip the balance ...

Economics

3 w. ago FTSE 100 Live 17 September: Food inflation tops 5%, GSK unveils $30bn US plan

The UK’s annual rate of inflation has stayed at the highest level since January 2024.

Economics

3 w. ago UK inflation rate: Rising price of milk, beef and coffee hits shoppers in new cost

Some of the biggest price rises seen in everyday staples as economists fear food inflation could peak towards the end of the year

Economics

3 w. ago UK inflation remains at 3.8% but food price rises accelerate for another month

The rate of Consumer Prices Index was 3.8% in August, the same as July, the Office for National Statistics said.

Economics

3 w. ago US agrees commercial terms on TikTok sale, as Trump says China talks went ‘very well’ – business live

Rolling coverage of the latest economic and financial news, as Beijing escalates its inquiry into Nvidia over takeover of Mellanox Today’s warnings about higher food prices coming in the UK are likely to cause fresh worries about how long borrowers will have to wait until Bank of England policymakers vote for another cut, reports Susannah Streeter, head of money and markets at Hargreaves Lansdown.Streeter adds:They are set to leave the base rate unchanged on Thursday and aren’t expected to make a move until next Spring.The Food and Drink Federation is forecasting food inflation could reach 5.7% by the end of December and still be running at 3.1% by the end of 2026. Higher employer and packaging taxes are being blamed for increasing costs for companies, which they can no longer absorb.“I’m delighted that we are on track to deliver yet another period of double-digit revenue growth and a strong profit performance, whilst maintaining our globally leading customer service standards.Our s...

Politics