Author: WTX Business Team

UK inflation expected to fall below two per cent target UK inflation out this week is tipped to fall below the Bank of England’s two per cent target for the first time in more than three years, according to economists. Official data from the Office for National Statistics, due to be released on Wednesday, is expected to show annual consumer price inflation fell to 1.9 per cent in September from 2.2 per cent in August.…

Wage growth eases again in boost for rate cut hopes Wage growth eased in line with expectations, new figures show, helping to pave the way for further interest rate cuts this year. According to the Office for National Statistics (ONS), pay growth excluding bonuses eased to 4.9 per cent in the three months to August, down from 5.1 per cent previously. This was in line with expectations and the slowest rate of pay growth since…

Ministers refuse to rule out hike to employer national insurance rate The Chancellor and business secretary have again refused to rule out a hike employers’ National Insurance (NI) contributions in the upcoming Budget when speaking on the sidelines of the government’s investment summit today. Speaking exclusively to City AM on the question of whether Labour would increase employers’ NI, Jonathan Reynolds stressed: “I think the manifesto commitments about the taxes on working people were absolutely…

Reeves hails £63bn boost for Britain at flagship investment summit Ministers have hailed £63bn worth of investment into the UK that was unveiled at the government’s investment summit in the City today. The figure, which includes a number of investment projects announced in recent weeks, covers a range of industries and sectors from clean energy, life sciences, data centres and aviation. Prime Minister Sir Keir Starmer began the high-powered summit with a speech to CEOs…