Category: Inflation

‘We don’t have inflation’? Five charts show the US economic reality of Trump’s second term so far

As the US midterm elections approach, we take a look at data to see a true picture of the US economy under TrumpWith the midterm elections fast approaching, many Americans have the economy on their minds.US voters are exhausted...

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Surprise drop in UK unemployment to 4.7%

ONS data shows rate down from 4.9% but number of job vacancies continues to shrinkBusiness live – news updatesUnemployment in the UK fell unexpectedly in the three months to August, to 4.7% from 4.9%.The Office for National...

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UK economy unexpectedly grows in August despite fall in consumer spending

Latest data showing surprise 0.1% growth is boost to John Healey a fortnight before his first budgetBusiness news – live updatesThe UK economy unexpectedly continued to grow in August despite a fall in consumer spending before...

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UK households have paid extra £13,961 on bills since 2021 amid soaring inflation, TUC says

Trades Union Congress urges chancellor to tackle rising additional living costs in this month’s budgetUK households have paid almost £14,000 on average in additional costs for mortgages, loans, energy and water bills over the...

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Labour could oversee worst parliament on record for living standards, study warns

Energy and housing costs threaten biggest decline in modern times unless bold action taken, says thinktankSoaring energy and housing costs mean Labour is on course to preside over the worst parliament for living standards in...

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Healey vows to stick to fiscal rules in budget built on hope

Chancellor tells Labour conference it’s ‘not progressive’ to fail to balance books amid rising welfare bill as borrowing costs climb to record highBusiness live – latest updatesPrice of diesel on UK forecourts reaches all-time...

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‘The weaker he gets, the more dangerous he gets’: Trump lashes out as his power wanes

Trump tries to dominate at the UN as his approval ratings plummet and even some Republicans stray from the scriptDonald Trump stood before the United Nations on Tuesday and threatened to “annihilate” Iran. Yet even as the most...

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‘Just worry upon worry’: Europe faces a bleak winter as supply shock pushes factories to the brink

From Shropshire to Hamburg, depleting reserves and spiralling costs are spawning a continent-wide energy crisisBridgnorth Aluminium has faced down Brexit, Covid and repeated energy shocks in recent years. But this winter is...

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New UK cost of living crisis looms with soaring energy bills forecast to lift inflation

Latest reading on Wednesday likely to frame scale of challenge for new PM to ease pressures on households amid Iran war fallout British households are facing a renewed cost of living squeeze, with official figures expected to...

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UK faces ‘very difficult trade-offs’ in budget because of Iran war, say analysts

Leading thinktank says higher oil prices and inflation will give Andy Burnham a ‘challenging inheritance’Andy Burnham has been warned by a leading thinktank of “very difficult trade-offs in the next autumn budget” if the Iran...

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UK inflation falls to 2.6% in lift for Burnham’s cost of living plans

Annual June figure comes after new PM pledges to reduce pressure on households and improve economyUK inflation dropped by more than expected in June to 2.6%, in a boost for Andy Burnham’s plans to reduce the cost of living.The...

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