Category: Inflation

Millions of Britons brace for across-the-board bill rises in ‘awful April’

Ministers urged to act as energy, water, car tax, TV licences and a string of other increases squeeze householdsBill rises Britons face, from council tax to energy and carsWill bills continue to rise and what does it mean for...

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Surging cost of cocoa leads UK shoppers to shell out more for smaller Easter eggs

Prices of some chocolate products have risen by 50% in a year while many have also shrunk in size, Which? reportsShoppers are shelling out for smaller eggs this Easter as shrinkflation takes a bite out of the favourite seasonal...

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Spring statement 2025: key points at a glance

Rachel Reeves has delivered her economic update – here are the main points, with political analysisReeves announces deep cuts to welfare and public servicesAnalysis: Reeves does reasonable job of justifying fiscal prudence...

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OBR warns of Trump tariff uncertainty as it downgrades UK growth

Treasury watchdog says Rachel Reeves will also face higher borrowing costs in report issued alongside spring statementReeves blames cuts on ‘global uncertainty’Key points at a glancePolitics live –...

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UK inflation falls to 2.8% in boost for Rachel Reeves before spring statement

Bigger-than-forecast decline in annual rate in February is positive news for chancellor in run-up to Commons addressUK inflation has fallen back to 2.8%, giving Rachel Reeves some positive news before she makes her spring...

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Reeves warned UK inflation will push public sector unions to seek higher pay rises

Plan for ‘reasonable’ 2.8% rises may prove insufficient, forcing chancellor to find billions in extra funding Reeves has three ways to dodge an economic crisis – all are unthinkableRachel Reeves has been warned...

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UK firms mull biggest layoffs in a decade as business confidence slumps

Impending tax rises from autumn budget fuel collapse in sentiment and rising redundancy intentions, surveys showUK employers are preparing for the biggest redundancy round in a decade amid collapsing business confidence as firms...

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‘Stagflation’ fears as Bank of England cuts growth forecast and warns of price rises

UK economy expected to grow by just 0.75% this year, in fresh blow to Rachel Reeves’s attempts to raise confidenceRachel Reeves’s plans for growth suffered a double blow after the Bank of England halved its forecast...

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Bank of England cuts interest rates to 4.5% but halves UK growth forecast

MPC votes for new quarter-point cut but downgrades economic outlook and predicts inflation will rise to 3.7% by autumnThe Bank of England has cut interest rates to 4.5%, but warned UK households face renewed pressure from rising...

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