UK Inflation

UK inflation slowed sharply in November to 3.9 per cent, triggering a slide in the pound, a stock market rally and increased expectations of an interest-rate cut early next year. Wednesday's number was well below the 4.4 per cent…

The International Monetary Fund has warned that central banks need to keep interest rates at high levels for another 12 months in order to defeat inflation. The Fund has called on central bankers "to pay the most attention" in order to…

Halfords warned that profits would be lower this Christmas as fewer people bought new bicycles. The retailer's shares fell as much as 22% after it cut its profit forecasts. It said it would not be able to achieve a profit of £58m for the…

Andrew Bailey said that the economic outlook is the worst of all times, and Britain is struggling to increase low levels in growth. The Bank of England Governor expressed concern over UK future prospects, just days after the Office for…

Chancellor Jeremy Hunt cut personal and business taxes by £20bn as part of his Autumn Statement aimed to boost growth. However, the UK's Budget Watchdog warned that taxes in general are still increasing at a high post-war level. The…

Andrew Bailey warned the markets not to underestimate the UK's persistent inflation, and emphasized that he expects the Bank of England to keep interest rates at high levels for a long time. The BoE Governor told MPs Tuesday that…

JP Morgan says that Jeremy Hunt can cut taxes by up to £10bn in the Autumn Statement next week, as the outlook of the economy improves while inflation slows down. Allan Monks is an economist with JP Morgan. He said that he expected…