UK Inflation

Other prominent retailers with disheartening reports include Brantano and Next.

Dollar remains under pressure as investors grow concerned over Donald Trump's policies.

Inflation exceeds analysts' expectations of 2.1% in February, driving sterling to multi-week highs against euro and dollar.

Inflation rises 2.3% year-on-year in February, beating expectations for a 2.1% rise.

Debt fueled household spending is set to outpace disposable income as Brexit looms on the horizon.

Monetary Policy Committee votes 8-1 in favour of keeping interest rates on hold at 0.25%.

Basic wages grew 2.2% in three months to January, falling short of forecast and slowing down from previous quarter.

The upgrade is amid stronger than expected consumer spending and ONS' upward revision of its Q4 GDP data.

Research from Aviva shows gap between high and low-income families grew 25% over the last 12 months.

UK consumers are however spending big in restaurants and bars.

A portfolio of diversified assets should help investors beat inflation over time in an era of low interest rates.

UK inflation rate grows 1.8% in January, up from 1.6% in December but below 1.9% forecast.

Pound climbs against euro and dollar, ahead of a key week with a host of economic reports to be released.

Rising food and petrol prices are pushing up the cost of living while wage rises struggle to keep pace.

DFS says weaker pound and squeezed household budgets will hit consumer confidence this year.

Bank of England's boss says that Britain's Brexit journey is really just beginning.

BoE now expects UK economy to grow 2% in 2017, compared with November's 1.4% forecast.

This decline was greater than the 1.4% fall seen in December 2016.

Retail sales slow as inflation begins to build hitting household spending.

Air fares and food among the main contributors to rise in inflation says Office for National Statistics.

Bank of England governor says declining pound has meant higher prices for consumers.

Kantar Worldpanel figures show sales at UK supermarkets rose 1.8% year-on-year in the 12 weeks to 1 January.

The average household owes almost £13,000, claims the Trades Union Congress.

BCC said the fall in the value of the pound helped offset the uncertainty caused by the Brexit vote.

Kantar data shows sales at Sainsbury's, Asda and Morrisons continue to decline, while discount retailers thrive.

Pound climbs above $1.27 despite rising inflation, as investors await Federal Reserve meeting.

Increase in the prices of fuel, clothing and computing equipment drove headline rate higher in November.

British household spending averages around £50,000 per year compared to around £35,000 in France.

BCC says the general slowdown in the UK economy will be amid Brexit uncertainty and higher inflation.

Manufacturers report positive output and new orders for the first time in 18 months.