Soaring inflation leaves UK struggling in international competitiveness
A recent ranking shows Britain's global competitiveness dropping for the second year in a row, as business executives lose confidence in the country.
Britons increasingly hungry, isolated because they cannot afford food: report
More than 11 million people in the UK faced hunger in the past year, according to research conducted by the food bank charity Trussell Trust.
'Drinkflation' a growing concern as high inflation worries UK hospitality sector
Less booze in your drink as soaring costs and reduced consumer spending pose challenges for brewing sectors.
Bank of England set to increase interest rate for the 13th time in a row
The Bank of England is expected today to raise the interest rate for the 13th time in a row, despite recent forecasts of an improving economic outlook.
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US retail sales, industrial production post April gains
Retail sales rose by 0.4 percent in April from a month earlier to $686.1 billion
Ikea vows lower prices as it boosts investments
Inflation in the United States and Europe is easing after central banks hiked interest rates to cool the economy.
Europe resists energy crunch, boosting growth forecast
Consumer price inflation is expected to drop back to 2.8 percent in 2024, still above the European Central Bank's two percent target.
Stock markets down as traders weigh inflation, rate hikes
Most European indices closed down as well, including the FTSE 100 in London which dipped into the red after earlier gains.
Bank of England lifts interest rate to 15-year high
Global policymakers are battling elevated inflation caused largely by runaway energy bills following last year's invasion of Ukraine by major oil and gas producer Russia.
UK interest rates raised for 12th time in a row to highest level for almost 15 years
UK interest rates have been raised for the 12th time in a row in a further attempt by the Bank of England to slow the rising cost of living, increasing the Bank's base rate from 4.25 to 4.5 per cent.
Crises from Ukraine to banking await G7 finance ministers
EU officials are already discussing halting exports of sensitive technologies to eight Chinese companies over suspicions they are selling them to Moscow.
Australian government rejects concerns budget may worsen inflation
Australia's Labor government said on Wednesday the billions in cost-of-living relief unveiled in the federal budget for families and businesses will not worsen inflationary pressures and put more pressure on the central bank to lift rates further.
Stocks tread water ahead of key US inflation data
Markets are looking ahead to Wednesday's release of key consumer price data
Experts believe UK homeowners can use their houses to aid them amidst cost of living crisis
"Making money off your home is ideal for people that don't have much time and want to generate cash to help with their bills," says Greg Wilson, CEO and co-founder of Quotezone.co.uk.
UK bank Barclays profits from rising interest rates
The Bank of England and its global counterparts have ramped up interest rates to tackle sky-high inflation.
Wall Street tumbles, treasury yields slide as recession fears mount
U.S. stocks turned sharply lower and benchmark Treasury yields dropped on Tuesday as disappointing earnings and soft economic data stoked recession fears, sending investors fleeing riskier assets for safe havens.
UK children receiving food aid spikes to over one million: charity
In 2017-18 the figure was less than 500,000.
Inflation takes food prices nearly 9% higher than this time last year
Just when it looked like we reached a turning point in the fight against inflation, figures from last-month show its impacts are still biting retailers. Inflation has taken food prices 8.9% higher than this time last year.
UK Inflation continues to threaten hospitality businesses despite improved CPI figures
As UK CPI figures show a slight ease in inflation, businesses in the hospitality industry face a tough year ahead with food prices persistently high.
Canadians flock to food banks as grocery prices soar
Although overall inflation has cooled to 4.3 percent in March, food inflation remains stubbornly high at around 10 percent year over year.
Sunak seeks to boost UK business links amid crisis
Sunak's Conservatives and the main opposition Labour party are jockeying for position ahead of a general election expected next year.
UK economy shows signs of recovery despite inflation's drag
British businesses reported their busiest month in a year and consumers turned more confident.
Cost of living crisis fuelling rise in cybercrimes, new research shows
Over a third of the organisations across the UK's critical national infrastructure (CNI) anticipate a rise in cybercrime as a direct result of the current economic crisis.
Dollar gains on rising US yields, British inflation lifts pound
The dollar strengthened on Wednesday, lifted by rising Treasury yields, though the pound gained against the greenback after British inflation stayed above 10% in March and put more pressure on the Bank of England to keep raising rates.
UK records western Europe's highest inflation as March fall disappoints
Britain was the only country in western Europe with double-digit inflation in March after it fell less than expected, official data showed on Wednesday, bolstering bets that the Bank of England will raise interest rates again in May.
Expectations of US inflation hike from 3.6% to 4.6% over the next year
A hike in expected US inflation over the next year comes ahead of next month's federal reserve decision on interest rates. Meanwhile, OPEC cuts increase the price of oil.
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