Friday, 22nd September 2023

UK inflation

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…
19 Apr
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…
22 Mar
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.
15 Mar
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,…
4 Jan
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.


1 hour ago
The ‘resource curse’ theory is self-evident in the local pharmaceutical industry. For each of the drugs imported into the country is at least 50 per cent of potential active ingredients idling somewhere close-by – untapped
1 hour ago
Operatives of Lagos State Traffic Management Authority (LASTMA), yesterday, rescued a woman, her two children going to school, and driver of a Sienna bus, involved in an auto crash around Ajah area of Lagos. LASTMA official, Odumbo Ekundayo of Zone 14, confirmed that the accident, which involved a Fiat pick-up company van with registration number…
1 hour ago
.Announce measures to tackle vehicle-related crime The police in Lagos State, yesterday, exhumed the corpse of the late singer, Ilerioluwa Aloba, popularly known as Mohbad. Spokesperson for the Command, Benjamin Hundeyin, also confirmed that the nurse, who allegedly injected the deceased before his demise, has been arrested. Recall that Mohbad, who died on September 12, was…
1 hour ago
Police operatives in Federal Capital Territory (FCT), Abuja, have recovered the body of a 26-year-old woman, Blessing Karami Moses, who had been missing since September 11. Police spokesperson, Jospehine Adeh, who confirmed the development, said the body was discovered in the Karimo area of the FCT. She said: “Her disappearance was reported to the authorities…
1 hour ago
A 15-year-old Junior Secondary (JSS)1 student of The Tower Comprehensive College, Ogun State, Lekan Olusesi, who lost his limb at age six after falling into a pit, has recounted his experience after receiving prosthetic limbs. An elated Olusesi, said with the new limbs, her hope in life has been rekindled. “Now I can do so many…