7 d. ago Voices: How the cut in interest rates might come back and bite us all

The flagging UK economy will get a badly needed boost from the Bank of England’s third rate cut of the year – but, says James Moore, given an unexpected jump in inflation, there could now be several unintended consequences

Politics

3 w. ago Supermarket follows Sainsbury's 17% hike by increasing cost of same shopping essential

It comes as food price inflation rose for the third month in a row in June, to its highest level since February 2024

Economics

3 w. ago Company insolvencies fall in England and Wales, in ‘glimmer of relief’; Trump blasts Fed board – business live

Rolling coverage of the latest economic and financial newsBusinesses are still in “tough” times, despite the drop in insolvencies in June, cautions David Hudson, restructuring advisory partner at FRP.Hudson says:“The slight fall in insolvencies this month offers a glimmer of relief – especially for hospitality and retail businesses, which are now reaping the benefits of record hot weather. However, we’re still in tough territory. Consumer confidence remains stubbornly low, growth is stuttering – with GDP dipping again in May. June’s unexpected jump in inflation will only serve to continue eroding profit margins and consumer demand.“This environment is forcing businesses to fight on multiple fronts. Many will likely only be experiencing breathing space after dramatically paring back costs. Until demand shows a more sustained recovery and input costs ease further, there’s a risk that this reprieve is just a pause rather than a turning point.” Continue reading...

Politics

4 w. ago Inflation jumps hours after Rachel Reeves more money in every Britons’ pockets

The Office for National Statistics (ONS) said Consumer Prices Index inflation rose to 3.6% in June - in a blow for the under-fire Chancellor who used a big speech at Mansion House on Tuesday night to promise a more prosperous future for all Britons

Economics

4 w. ago Warning as UK inflation hits highest level for nearly 18 months after unexpected jump

Inflation levels jumped up to 3.6 per cent in June - with annual food price inflation hitting the highest level since February 2024

Events

4 w. ago Why has inflation risen unexpectedly and what does it mean for households?

Official data showed Consumer Prices Index inflation rose to 3.6% in June, up from 3.4% in May and the highest since January 2024.

Economics

4 w. ago Households face new squeeze as June inflation unexpectedly jumps to 3.6%

The “grim” jump in inflation to an 18 month high is not expected to prevent an interest rate cut next month

Economics

4 w. ago Inflation jumps to highest level for nearly 18 months as food prices rise again

The Office for National Statistics said Consumer Prices Index inflation rose to 3.6% in June, up from 3.4% in May.

Economics

4 w. ago Inflation latest: June figures show unexpected rise to 3.6% as fuel and food costs continue to increase

Latest on UK figures data plus stock markets updates, business and money news on Wednesday

Economics

4 w. ago UK inflation rises unexpectedly to 3.6% driven by food and fuel prices

Annual increase in June follows two months of negative growth and with speculation mounting over tax risesBusiness live – latest updatesUK inflation unexpectedly rose in June driven by fuel and food prices, according to official figures, underscoring the challenge facing the chancellor, Rachel Reeves.The Office for National Statistics said the consumer prices index rose by 3.6% last month, up from a reading of 3.4% in May. City economists had forecast an unchanged reading. Continue reading...

Economics

4 w. ago Inflation latest: June figures show unexpected rise to 3.6% as fuel costs continue to increase

Latest on UK figures data plus stock markets updates, business and money news on Wednesday

Economics

4 w. ago UK inflation rises unexpectedly to 3.6% as Labour faces economic scrutiny

Annual increase in June follows two months of negative growth and with speculation mounting over tax risesBusiness live – latest updatesUK inflation unexpectedly rose in June, according to official figures, adding to the pressure on the chancellor, Rachel Reeves.The Office for National Statistics (ONS) said the consumer prices index rose by 3.6% last month, up from a reading of 3.4% in May. City economists had forecast an unchanged reading. Continue reading...

Economics

4 w. ago Inflation latest: June CPI figures to be released as food costs continue to increase

Latest on UK figures data plus stock markets updates, business and money news on Wednesday

Economics