Category: UK cost of living crisis

Alarm at growing number of working people in UK ‘struggling to make ends meet’

UK debt advice charity warns that cost of living crisis and higher rents are pushing younger full-time workers into difficultiesA rising number of people in full-time work, including those in jobs such as nursing, have been...

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Bank of England governor shrugs off smaller-than-expected fall in inflation

Andrew Bailey says inflation is in line with BoE forecasts but markets view data as pushing back interest rate cutsAnalysis: Sunak hopes of pre-election rate cuts frustratedThe Bank of England governor, Andrew Bailey, has...

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UK inflation falls by less than forecast to 3.2%, cooling rate cut hopes

Predictions for when Bank of England will start lowering cost of borrowing pushed back Business live – latest updatesThe UK’s annual inflation rate fell by less than expected in March to 3.2%, complicating the timing...

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About 300,000 more UK children fell into absolute poverty at height of cost of living crisis

Nearly fifth of population struggled with basic needs and charities accuse government of failing poorestUK politics – latest updatesAbout 300,000 more children were plunged into absolute poverty in a single year at the...

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300,000 more UK children fell into absolute poverty at height of cost of living crisis

Nearly fifth of population struggled with basic needs, it emerges, as charities accuse government of failing poorestYou’ve heard stories of poverty in Britain. Now here’s the irrefutable evidence of a society failing...

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Bank of England leaves interest rates at 5.25% but signals future cuts

Bank’s survey finds expectation of 4.5% base rate by end of 2024 amid ‘encouraging signs’ on inflationBank of England policymakers signalled at least three interest rates cuts this year after seeing...

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‘Negative budgets’: cost of living crisis could lose the Tories dozens of seats

Research finds that in 85 Tory-held seats the number of people with negative budgets is higher than the Tory majorityRishi Sunak has been warned that scores of his most vulnerable seats risk being lost over an increasingly...

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Sunak refuses to say how abolition of national insurance would be funded – UK politics live

PM says ‘people trust me on these things’ and refuses to be drawn on whether government would forgo entire £46bn raised from measureKeir Starmer has accused Jeremy Hunt of repeating the budget mistakes made by...

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