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City

Warning over 15% inflation as rates set for fastest rise in nearly 30 years

The Bank of England is widely expected to hike rates by the highest level in nearly three decades on Thursday after experts warned that inflation could peak at 15%. Decision makers on the Bank’s Monetary Policy Committee (MPC) will increase interest ...

03 Aug 2022 at 14:18

City

Bigger interest rate hike expected from Bank of England decision makers

The Bank of England could speed up its reaction to runaway inflation figures next week as key decision makers sit down to set interest rates. Analysts and the market are broadly expecting the Bank’s Monetary Policy Committee (MPC) to add 50 basis ...

29 Jul 2022 at 16:13

City

Food prices set to rise and inflation could hit 8.2% due to Ukraine conflict

The Government said it will monitor and offer support as required if the full-scale invasion of Ukraine by Russia leads to a surge in global food prices. Ukraine is a major supplier of wheat and corn, with economists warning the cost-of-living ...

24 Feb 2022 at 15:55

Petrol and stamp price increases add further pressure to household budgets

Soaring inflation is continuing to bite for British households as petrol prices struck new record highs and the cost of everyday items such as stamps jumped further. Financial experts have warned that “at some point soon consumers will not be ...

04 Mar 2022 at 13:55

Inflation set to hit all-time high as energy bills soared in April

The financial pain felt by households in the UK is set to be laid bare on Wednesday as official figures, showing how much prices are going up, are released. New data from the Office for National Statistics are expected to show that inflation ...

17 May 2022 at 15:25

Early Christmas shopping helps UK retail sales rebound in October

UK retailers saw a slight recovery in sales last month in the run up to Christmas but they still remain below pre-pandemic levels, according to official figures. The Office for National Statistics (ONS) said retail sales volumes increased ...

18 Nov 2022 at 11:34

UK construction rebounds to nine-month high as recession fears ease

The UK’s construction sector recorded surprise growth last month because firms were boosted as recession expectations eased. New figures showed that activity in the construction industry grew at a strong rate for nine months. The latest ...

06 Mar 2023 at 10:30

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