Category: Inflation

UK inflation hits eight-month high, adding to pressure to hold interest rates

Annual rate increases to 2.6% in November, driven by rising cost of groceries and hike in tobacco duty in budgetBusiness live – latest updatesUK inflation has risen to its highest level in eight months, adding to pressure...

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UK job vacancies fall at fastest rate since pandemic as business confidence slumps

Blow to Labour growth hopes as poll finds demand for staff falling at ‘sharp and accelerated pace’, particularly in permanent rolesThe number of job vacancies in November fell at the fastest rate since the start of...

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Energy bills, mortgages, food: will cost of living surge again under Labour?

The government claims to be fixing the economy but households may face more pressure in the months ahead Labour swept to power in the wake of a cost of living crisis that hit households hard, with the price of food and energy...

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UK inflation falls below 2% for first time since 2021 in boost to Rachel Reeves

Surprise annual drop to 1.7% in September raises chance of interest rate cuts, increasing budget leewayAnalysis: Sharp inflation drop gives green light to more aggressive rate cutsBusiness live – latest updatesInflation in...

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UK economy returns to growth in boost to Rachel Reeves before budget

GDP rises by 0.2% in August after flatlining in June and JulyThe UK economy returned to growth in August after flatlining for two months, in a boost for the chancellor, Rachel Reeves, before the autumn budget.The Office for...

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‘It’s tragic’: Bank of England governor watching Middle East crisis closely

Exclusive: in an interview with the Guardian Andrew Bailey says he fears conflict will affect oil pricesThe Bank of England is monitoring the Middle East crisis amid fears that a worsening conflict between Iran and Israel will...

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