Inflation

The preliminary reading of the S&P Global UK PMI for the services sector, often referred to as the "flash" PMI, fell to 49.2 in October from 49.3 in September.

Pragati Singh Oct 26, 2023

Approximately half a million employees employed by companies committed to the voluntary Real Living Wage are poised to experience a substantial increase in their earnings, bringing their minimum hourly wage to at least £12.

Pragati Singh Oct 26, 2023

CPI reported a year-on-year increase of 6.7 per cent, maintaining the same pace as the previous month, contrary to economists' predictions of a dip to 6.6 per cent.

Pragati Singh Oct 18, 2023

The figures show that between June and August of this year, wages rose at an annual rate of 7.8 per cent, higher than average inflation over the same three months.

Callum Conway-Shaw Oct 17, 2023

The latest sales-monitor report from the British Retail Consortium has revealed a slowdown in retail sales growth in the UK for September. Despite a fall in inflation, the high cost of living continues to place pressure on households' budgets.

Pragati Singh Oct 11, 2023

The decision to hold the rate comes after figures revealed an unexpected slowdown in inflation in August.

Callum Conway-Shaw Sep 21, 2023

Grocery price inflation has fallen to its lowest level for more than a year, causing major supermarkets to slash prices.

Callum Conway-Shaw Sep 14, 2023

Asian countries like India are resorting to high export duties on grain exports to contain global food inflation while the UK is reducing dependency on Ukraine.

Pratiti Nath Aug 30, 2023

Despite the cost of living crisis and rising inflation, Sainsbury's chief executive believes that supermarket prices are about to start falling.

Taylor J. Mustafa Aug 25, 2023

The last time rates were this high was in April 2008, in the midst of the global financial crash, with the UK's central bank expecting inflation to fall below five per cent in the autumn or winter.

Callum Conway-Shaw Aug 03, 2023

The UK food and consumer goods business is facing challenges, including inflation and labour shortages, according to the Institute of Grocery Distribution.

Adewunmi Adedayo Jul 18, 2023

The Bank of England warns that nearly one million UK households will face higher mortgage payments due to rising interest rates, potentially impacting financial stability.

Pragati Singh Jul 13, 2023

Retail sales saw a slight improvement in June, with like-for-like (LFL) sales increasing by only 1.9 per cent, according to the latest data from BDO LLP.

Adewunmi Adedayo Jul 11, 2023

Inflation could be felt even at the All England Lawn Tennis & Croquet Club.

Christine Caparras Jul 04, 2023

A recent ranking shows Britain's global competitiveness dropping for the second year in a row, as business executives lose confidence in the country.

Mehar Sultan Jun 30, 2023

More than 11 million people in the UK faced hunger in the past year, according to research conducted by the food bank charity Trussell Trust.

Sadhna Yadav Jun 28, 2023

Less booze in your drink as soaring costs and reduced consumer spending pose challenges for brewing sectors.

Jastine Beatrice Yap Jun 27, 2023

The Bank of England is expected today to raise the interest rate for the 13th time in a row, despite recent forecasts of an improving economic outlook.

Callum Conway-Shaw Jun 22, 2023

Inflation forces Brits to reduce discretionary purchases as consumer card spending grows in March. However, pubs and clubs flourished during the coronation weekend.

Adewunmi Adedayo Jun 08, 2023

UK interest rates have been raised for the 12th time in a row in a further attempt by the Bank of England to slow the rising cost of living, increasing the Bank's base rate from 4.25 to 4.5 per cent.

Callum Conway-Shaw May 11, 2023

"Making money off your home is ideal for people that don't have much time and want to generate cash to help with their bills," says Greg Wilson, CEO and co-founder of Quotezone.co.uk.

Mehar Sultan May 05, 2023

Just when it looked like we reached a turning point in the fight against inflation, figures from last-month show its impacts are still biting retailers. Inflation has taken food prices 8.9% higher than this time last year.

Callum Conway-Shaw Apr 25, 2023

As UK CPI figures show a slight ease in inflation, businesses in the hospitality industry face a tough year ahead with food prices persistently high.

Jake Pike Apr 25, 2023

Over a third of the organisations across the UK's critical national infrastructure (CNI) anticipate a rise in cybercrime as a direct result of the current economic crisis.

Callum Conway-Shaw Apr 20, 2023

A hike in expected US inflation over the next year comes ahead of next month's federal reserve decision on interest rates. Meanwhile, OPEC cuts increase the price of oil.

Jake Pike Apr 17, 2023

The Office for National Statistics reported that the "prices of food and non-alcoholic drinks rose at the fastest rate in more than 45 years in the 12 months to February 2023."

Homera Hassan Apr 12, 2023

Despite the tough economic challenges that have rattled the UK in recent years, opportunities are ripe for UK SMEs to innovate and flourish like never before.

Adewunmi Adedayo Apr 11, 2023

As both businesses and individuals suffer from the high cost of living and inflation of 10.4 per cent, employers can support their employees in many ways without breaking the bank.

Mehar Sultan Apr 11, 2023

The hospitality sector says energy price hike of £7.3 billion is unsustainable in the wake of reduced government support, as it also faces reduced consumer spending

Mehar Sultan Apr 05, 2023

European inflation presents a mixed bag, with eases in inflation when energy and food prices are included in measures, but persistence when excluded.

Jake Pike Apr 04, 2023