UK inflation

Gas and electricity prices fell sharply in the UK in July, but price pressures at the base did not fall as predicted. This kept pressure on Bank of England to maintain high interest rates. Published on Tuesday by the Office for National…

Official figures show that UK wages increased at a much faster pace than anticipated and at an annual rate record in the three-month period ending June. These numbers are likely to confirm the Bank of England’s concern over inflationary…

This week, more than a dozen UK building societies and banks are expected to lower rates on fixed-rate mortgages. The move reflects market expectations of a falling inflation rate. Brokers do not expect dramatic price reductions, as the…

The CEO of John Lewis and Waitrose is looking to launch a service that allows customers to buy now and pay later , as middle-class consumers are being squeezed more by the rising cost of living. Nish Kankiwala is the new chief…

The monetary death marches continue. The fourteenth increase in interest rates by the Bank of England is unscientific and unnecessary. It also underestimates powerful global forces that are washing over these islands. It is pushing…

The era of cheap British food is over, according to economists. The Bank of England has warned that the inflation of grocery prices will continue in double-digits through the end of this year. Officials from the bank said that, while…

The UK's biggest asset manager is buying bonds and selling stocks in preparation for an "significant" downturn. He warns that the Bank of England may be forced to push the economy into recession despite signs of a cooling of inflation.…