Home
> Inflation
Inflation
Bank of England Warns of Potential Market Correction Amidst Economic Uncertainties
The House of Lords Economic Affairs Committee released a report that critiques the Bank of England's scope of operation amidst the current cost of living crisis.
UK Shoppers Anticipate Reduced Black Friday Purchases Amidst Cost of Living Crisis
The cost of living crisis has caused consumers to be more wary of buying non-essentials this Black Friday due to inflation after the pandemic.
Kingfisher Faces Profit Woes Amid French Market Struggles as UK Flourishes on 'Improve Not Move' Trend
The company's stock saw a sharp decline of six per cent, marking it as the top faller on the FTSE 100. The underlying issue, as Kingfisher explained, stemmed from ongoing weaknesses in their French market.
UK Inflation Plunges to Lowest Figure in 2023 At 4.6% as Sunak on Track to Meet Annual Target
In September, inflation stood at 6.7 per cent, as many people across the UK continue to struggle with the cost-of-living crisis.
Food Inflation Expected to Subside by Easter, Amidst Global Economic Stability
This optimistic forecast comes from George Weston, the CEO of Associated British Foods (ABF), a conglomerate that oversees brands like Kingsmill Bread, Twinings Tea and Silver Spoon Sugar, along with the Primark budget clothing chain.
Marks & Spencer Regains Top Spot in UK Women's Fashion Retail, Reports Impressive Profits
M&S has also declared its intention to distribute nearly £20 million to its shareholders in January, marking its first dividend payment since 2019.
UK Housing Market Poised for Recovery as Savills Forecasts Bottoming Out in 2024
Savills, a fancy estate agency, says that the worst might be over, and house prices are expected to stop falling by next summer.
UK Grocery Price Inflation Hits Eight-Month Low at 9.7%
This noteworthy reduction in grocery price inflation comes after a prolonged period of 16 months where double-digit growth had become the norm.
October UK Retail Sales Drop Triggering Recession Worry in the UK Economy
UK retail sales growth declined in October as UK consumers are cautious of spending and saving for Christmas amidst the cost-of-living crisis which has sparked a recession for the UK economy.
Bank of England Holds Interest Rates At 5.25% for Second Time
Nine members of the Monetary Policy Committee (MPC) voted 6-3 in favour of maintaining the current rate, in a move that was widely anticipated.
Recent Data Reveals House Prices Fall in Largest Slump Since 2009
Data from Zoopla shows there has been a 23 per cent reduction in housing sales so far this year compared to the same time last year.
Inflation Grows Strong, But An Answer Grows Stronger
The National Achievers Congress is here to empower you with the knowledge and tools you need to conquer this financial challenge.
UK Economy at Risk of Recession as Business Activity Declines and Cost Pressures Ease
The preliminary reading of the S&P Global UK PMI for the services sector, often referred to as the "flash" PMI, fell to 49.2 in October from 49.3 in September.
UK Workers to Receive Pay Boost with New Real Living Wage
Approximately half a million employees employed by companies committed to the voluntary Real Living Wage are poised to experience a substantial increase in their earnings, bringing their minimum hourly wage to at least £12.
UK Inflation Resists Expected Slowdown in September Amid Rising Oil Prices
CPI reported a year-on-year increase of 6.7 per cent, maintaining the same pace as the previous month, contrary to economists' predictions of a dip to 6.6 per cent.
Average Pay Growth Rises Above Inflation for the First Time in Almost Two Years
The figures show that between June and August of this year, wages rose at an annual rate of 7.8 per cent, higher than average inflation over the same three months.
Economic Challenges Mount as UK Retail Sales Slow Amid Rising Inflation and Global Uncertainties
The latest sales-monitor report from the British Retail Consortium has revealed a slowdown in retail sales growth in the UK for September. Despite a fall in inflation, the high cost of living continues to place pressure on households' budgets.
Bank of England Holds Interest Rates at 5.25%
The decision to hold the rate comes after figures revealed an unexpected slowdown in inflation in August.
Waitrose and Aldi cut more prices as Britain's food inflation picture improves
Grocery price inflation has fallen to its lowest level for more than a year, causing major supermarkets to slash prices.
The shockwaves of Russia exiting from the Black sea grain deal could make global flood inflation hard to contain
Asian countries like India are resorting to high export duties on grain exports to contain global food inflation while the UK is reducing dependency on Ukraine.
Supermarket prices expected to fall amidst the cost of living crisis
Despite the cost of living crisis and rising inflation, Sainsbury's chief executive believes that supermarket prices are about to start falling.
Bank of England raises UK interest rates to a record 5.25%
The last time rates were this high was in April 2008, in the midst of the global financial crash, with the UK's central bank expecting inflation to fall below five per cent in the autumn or winter.
The UK food and consumer goods business struggles with low consumer confidence, inflation and labour shortage
The UK food and consumer goods business is facing challenges, including inflation and labour shortages, according to the Institute of Grocery Distribution.
Bank of England warns of rising mortgage payments and potential struggles for UK households
The Bank of England warns that nearly one million UK households will face higher mortgage payments due to rising interest rates, potentially impacting financial stability.
UK retail sales in June show modest growth, falling behind inflation rates
Retail sales saw a slight improvement in June, with like-for-like (LFL) sales increasing by only 1.9 per cent, according to the latest data from BDO LLP.
Wimbledon fans shocked by massive price hike for food and drinks
Inflation could be felt even at the All England Lawn Tennis & Croquet Club.
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.