2 days ago
British inflation unexpectedly slowed in August, data showed Wednesday, hitting an 18-month low and sparking hope this week's widely-forecast interest rate hike by the Bank of England could be its last for now. The Consumer Prices Index dropped slightly to 6.7 percent from 6.8 percent in July, the Office for National Statistics (ONS) said in…
UK inflation slowed last month but held above 10 percent on soaring food prices, official data showed Wednesday, further fuelling a cost-of-living crisis despite a series of aggressive interest-rate hikes. The Consumer Prices Index rose by a stronger-than-expected 10.1 percent in March from 10.4 percent in February, the Office for National Statistics (ONS) said in…
British inflation unexpectedly accelerated in February, data showed Wednesday, deepening a cost-of-living crisis and pressuring the Bank of England to hike interest rates despite global markets turmoil.
Britain on Wednesday unveils a new cost-of-living budget, including more help on soaring energy bills, but the government is set to stand firm on rising public sector pay demands as the country endures a fresh wave of strikes. Finance minister Jeremy Hunt delivers his tax and spending plan to parliament from 1230 GMT, as teachers,…
Recession-bound Britain will emerge from its winter of discontent with economic growth, lower inflation and shorter hospital waiting lists, Prime Minister Rishi Sunak vowed on Wednesday. Issuing a five-point list of promises for the new year, Sunak also vowed to bring down the national debt, and pass new legislation to stop boatloads of migrants crossing…
14 Dec 2022
British inflation slowed in November from October's 41-year peak, data showed Wednesday, but remains elevated as a cost-of-living crisis sparks strikes across the economy.
21 Nov 2022
In the United Kingdom, inflation returned to a 40-year high in September due to rising food and energy prices. However, it may be peaking as cash-strapped households cut back on spending amid broader economic turmoil, Sanchit Gupta reports. According to the Office for National Statistics, inflation rose to 10.1% in September from 9.9% in the…
16 Nov 2022
British inflation has jumped to a 41-year high on soaring energy and food bills in a worsening cost-of-living crisis, data showed Wednesday on the eve of a key budget.
17 Aug 2022
British inflation surged to a new 40-year high in July on rising food prices, official data showed Wednesday, adding to a cost-of-living crisis as the country faces the prospect of recession.
13 Jun 2022
British economic output declined for a second month in a row in April, weighed down by decades-high inflation, official data showed Monday. Gross domestic product fell 0.3 percent in April after a drop of 0.1 percent in March, the Office for National Statistics said in a statement. Output in the services, production and construction sectors…
15 Dec 2021
World stock markets diverged on Wednesday before a US Federal Reserve interest rate decision, with London dipping on data showing that UK inflation spiked to its highest level for more than a decade.