Prices in the capital fall 0.6% compared to a year earlier in the third quarter.
Prime Minister says Britain needs to continue dealing with its debts and that flexible markets encourage prosperity.
Bank of England governor says drop in migration could lead to a short-lived spike in inflation and higher wages.
BoE votes 7-2 in favour of keeping interest rates unchanged but signals monetary policy could soon be tightened.
UK central bank maintains asset purchase programme at £435bn and holds interest rates at 0.25%.
New note will be available at a handful of ATM locations across the country on 14 September.
The British currency rallies after inflation expectations fuels interest rate hike speculation
ONS data shows inflation hit 2.9%, beating analysts' expectations of a 2.8% reading.
Many in the market are expecting a more hawkish tone from the UK central bank.
Economists believe the BoE will sit tight during Brexit talks but inflation could hit 3% by next year.
There's a division between the 'haves' and 'have nots' courtesy of wage growth stagnation and erosion of spending power.
Stable July inflation reduces chances of a short-term interest rate hike by the Bank of England
General disgruntlement at the failure of improvement in UK living standards has had severe political implications.
Nearly £400m in savings withdrawn from beleaguered bank but it says operating losses have narrowed.
Brexit poses a 'material risk' to the Prudential Regulation Authority's targets.
Overall like-for-like sales fell 0.6% compared to a year earlier following a 1.3% increase in June.
Sterling tumbles below €1.11 as Bank of England holds fire on interest rates.
The UK central bank faces its first strike in 50 years as support staff walkout over paltry pay rise.
The British currency soars as traders look to Bank of England for market direction.
Bank of England data points to a slowdown in both secured and unsecured lending.
Many economies are seeing growth at or below that of Britain but the post-Brexit sick man narrative persists as it suits the agenda of some.
Senior bank official says a rapid rise in household loans could pose a threat to the UK economy.