Let’s grab a coffee and dive into this morning’s headlines — it’s a busy one! From rising inflation giving wallets a bit more to worry about, to the UK taking a firm stand on the Gaza crisis, and Donald Trump unveiling a space-age missile defence plan (yes, really) — here’s your quick catch-up on the stories making waves across the UK today.
UK inflation rose to 3.5% in April, up from 2.6% in March, according to the Office for National Statistics (ONS). This figure is higher than most forecasts — economists expected around 3.3%, while the Bank of England predicted 3.4%.
The Bank of England is expected to cut interest rates on Thursday, likely lowering them from 4.5% to 4.25%. This would be the fourth rate cut since last year’s peak of 5.25%, and the second in 2025, as the Bank aims to stimulate borrowing and ease financial pressure on households and businesses.
UK inflation increases as cigarettes and petrol drive price rises The rate of price rises in the UK increased to 2.6 per cent in November,…
Bank of England set to hold interest rates after inflation jump The Bank of England is poised to leave interest rates on hold this week…
Inflation soars back above Bank of England target in sharpest spike for two years Inflation has rebounded back above the Bank of England’s 2 per…
Budget 2024 live: Inflation falls to lowest rate in three years, Reeves ‘eyes £40bn’ in cuts and spending Rachel Reeves will announce Labour’s first Budget…
Inflation falls below 2% target for first time in three years UK inflation has decreased to below the 2 per cent target for the first…
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…
Interest rates expected to be held at 5.25% On Thursday, the Bank of England is expected to hold interest rates steady at 5.25% for the…
Inflation in UK shops falls amid price cuts on furniture and TVs Biggest drop since November 2021 as ‘unseasonable’ weather pushes retailers to continue promotions…
UK inflation falls by less than expected to 2.3% Smaller annual drop in April than forecast could delay Bank of England interest rate cut UK…
UK inflation falls as meat and crumpet prices drop Food prices have dropped on items such as meat, crumpets and chocolate biscuits helping to drive…
The UK inflation rate has fallen to 3.4% in the year to February. It marks the lowest level in almost two and a half years.
Water bills to rise above inflation in April Water companies anticipate an above-inflation increase in average household bills in April, leading to criticism from campaigners.…
Lower cost of tea eases January price rises The latest report from the British Retail Consortium (BRC) reveals that shop prices increased at the slowest…
UK inflation rate slows to 3.9%, lowest in more than two years The latest data from the Office for National Statistics (ONS) reveals that the…
Retail sales for November rose by just 2.7% compared with a 4.2% surge at the same time last year.
Autumn Statement 2023: What are the key points? Chancellor Jeremy Hunt has delivered his Autumn Statement in the House of Commons. The Statement sets out…
New data shows a sharp fall in UK inflation, down to 4.6%. It’s the lowest rate since November 2021, the rate in September was 6.7%.
Inflation: Milk, cheese and egg prices fall as petrol rises Official figures from the Office of National Statistics (ONS) show food prices saw their first…
Wages overtake inflation for first time in nearly two years Average pay growth rose above inflation for the first time in almost two years, in…
UK interest rate decision set to be close call after inflation fall Investors remain divided over whether interest rates will be raised again on Thursday…
CITY AM – To hike or to hold The Fed holds rates: Now it’s the Bank of England’s time to decide London business newspaper CITY…
Sainsbury’s and Tesco loyalty card prices not as good as they seem, says Which? A leading consumer rights group says supermarket loyalty schemes may not…
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