3 h. ago Cheapest places to rent: The UK cities where rent is rising fastest, and one where it is falling

The cost of renting is continuing to rise across most of the UK, but the rate of inflation has slowed to its lowest level since July 2001.

Politics

6 h. ago Interest rates – live: Bank of England holds rate amid oil and inflation concerns

Rate remains at 4.25 per cent as experts look to balance higher inflation with economic growth

Economics

8 h. ago Swiss cut key interest rate by a quarter percentage point, putting its target now at 0%

Switzerland’s central bank says it has cut its target interest rate by a quarter of a percentage point, adding inflationary pressures have eased

Events

9 h. ago UK interest rates expected to remain on hold; rate cuts in Norway, Switzerland and the Philippines – business live

Central bankers warn that trade war worries, and conflict in the Middle East, could hurt growthNewsflash: We have a third interest rate cut this morning!Norway’s central bank has surprised analysts by cutting its policy rate by a quarter of one percentage point, to 4.25%. The rate had been set at 4.5% since December 2023.“Inflation has declined since the monetary policy meeting in March, and the inflation outlook for the coming year indicates lower inflation than previously expected.A cautious normalisation of the policy rate will pave the way for inflation to return to target without restricting the economy more than necessary.”“The uncertainty surrounding the economic outlook is now greater than normal. If the economy takes a different path than currently envisaged, the policy rate path may be adjusted. But our objectives stand firm. We will finish the job and ensure that inflation is brought all the way back to 2 percent.”The Monetary Board also noted indications of a deceleratio...

Politics

9 h. ago Bank of England expected to leave interest rates on hold as Middle East conflict pushes up oil price – business live

Rolling coverage of the latest economic and financial news, as Switzerland and Philippines cut interest ratesNewsflash: We have a third interest rate cut this morning!Norway’s central bank has surprised analysts by cutting its policy rate by a quarter of one percentage point, to 4.25%. The rate had been set at 4.5% since December 2023.“Inflation has declined since the monetary policy meeting in March, and the inflation outlook for the coming year indicates lower inflation than previously expected.A cautious normalisation of the policy rate will pave the way for inflation to return to target without restricting the economy more than necessary.”“The uncertainty surrounding the economic outlook is now greater than normal. If the economy takes a different path than currently envisaged, the policy rate path may be adjusted. But our objectives stand firm. We will finish the job and ensure that inflation is brought all the way back to 2 percent.”The Monetary Board also noted indications of...

Economics

30 h. ago UK inflation eases by less than anticipated ahead of Bank of England rate decision

Inflation in the U.K. dropped modestly in May as a drop in air fares and transport costs were largely offset by rising food prices, particularly chocolate

Economics

33 h. ago Supermarket prices on the march again as food inflation hits 4.4%

Headline rate of inflation dipped slightly after “awful April” spike

Economics

35 h. ago UK inflation higher than forecast in May amid rising food prices

The rate of Consumer Prices Index inflation fell to 3.4% in May from 3.5% in April, the Office for National Statistics (ONS) said.

Economics

35 h. ago UK inflation rate holds as air fares and fuel prices decrease – but risk remains

At 3.4 per cent inflation remains far above the Bank of England’s target

Economics

35 h. ago Inflation rate dips in May after "awful April" cost of living spike

The latest inflation data comes on the eve of a Bank of England decision on interest rates when they are expected to be left on hold at 4.25%

Economics

50 h. ago UK inflation set to cool as prices settle following April bill rises

The rate of Consumer Prices Index inflation is expected to have fallen to 3.3% in May, from 3.5% in April, according to a consensus of analysts.

Economics

5 d. ago M&S customers issued with alert after devastating ransomware attack

In April, a severe cyber attack hit the supermarket, expected to cost the company about £300 million

Events

2 w. ago Bank of England chief warns interest rate cuts now 'more uncertain' as OECD downgrades growth forecasts and says inflation will 'linger'

Andrew Bailey said the prospects for easing the burden on Brits was 'shrouded in a lot more uncertainty', largely due to Donald Trump 's trade war.

Events

2 w. ago BoE policymaker plays down inflation risk in call for rate cuts

Alan Taylor says price rises are being driven by one-off factors as he stressed hit from Trump trade war

Events

3 w. ago TfL proposes a below inflation rate rise in London’s Congestion Charge

TfL proposes a below inflation rate rise in London’s Congestion Charge  ianVisits

Economics

4 w. ago Inflation jumps to 3.5% deepening cost of living crisis for millions of Londoners

Worse-than-expected rise driven by ‘awful April’ bills hike takes inflation to highest level since January 2024

Economics

4 w. ago Finance expert shares five ways to use bank holiday weekend to beat inflation rate rise

The UK inflation rate increased from 2.6 per cent in March to 3.5 per cent in April.

Economics

4 w. ago UK inflation jumps to 3.5% driven by 'awful April' bill hikes in blow to Rachel Reeves

Worse-than-expected rise takes inflation to its highest level since January 2024 worsening the cost-of-living crisis

Economics

4 w. ago UK inflation jumps to 3.5% driven by 'awful April' bill hikes

Worse-than-expected rise takes inflation to its highest level since January 2024

Economics

last month Interest rates falling 'too rapidly' warns Bank of England chief economist

The chief economist of the Bank of England has warned interest rates have been falling too quickly as the rate of inflation continues to exceed the bank's 2% target.

Events