Tag: Inflation
2 days ago
inews.co.uk

Interest rate hikes hit public finances by £17bn making tax cuts impossible, Treasury believes

Rishi Sunak is reportedly weighing up a cut to inheritance tax but it would not take effect before the Budget next year

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4 days ago
wsj.com

Central Banks Near Rate Peak, but Economic Toll Yet to Be Counted

Federal Reserve Chair Jerome Powell said Wednesday that the central bank will leave its benchmark interest rate uncha...

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7 days ago
inews.co.uk

Brexit is not to blame for UK's higher inflation compared to other rich countries

Britain's inflation rate is higher than comparable countries as it suffers from continued labour shortages

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7 days ago
inews.co.uk

Rishi Sunak confident of hitting inflation pledge despite expected rise

The rate of inflation in the UK is forecast to jump to 7.1% after a rise in the price of petrol and diesel

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8 days ago
inews.co.uk

UK inflation of 7.2% will be worst in G7 this year, OECD warns

Britain's economy is forecast to avoid recession but to remain more sluggish than most other large wealthy countries

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9 days ago
inews.co.uk

Sunak faces double blow on economy with inflation to rise and interest rate hike expected

Economic data published this week is expected to bring bad news for the Government's cost-of-living plans

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12 days ago
nationalworld.com

Cost of living: Tesco and Sainsbury's under scrutiny after Which? uncovers dubious loyalty card o...

The findings are part of Which?'s investigation into the widespread use of loyalty cards

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13 days ago
nationalworld.com

Lidl swings to £76m annual loss amid battle to keep prices low during cost of living crisis

The budget retailer said the losses came as it faced a “challenging inflationary environment” which led to an increas...

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14 days ago
dailymail.co.uk

Tories warn Rishi Sunak is making a 'mistake' that could be 'electoral suicide' as PM mulls water...

Senior MPs warned the PM that suppressing an anticipated rise would be a 'mistake' and could be 'electoral suicide'.

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14 days ago
inews.co.uk

UK economy could stagnate for two years, Bank of England deputy governor warns

Both inflation and interest rates are expected to rise next week after unexpectedly strong growth in wages

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14 days ago
dailymail.co.uk

Brits face more interest rate hikes as wages surge again with Bank of England chiefs warning...

Incoming deputy governor Sarah Breeden said prices are more likely to overshoot than undershoot forecasts.

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15 days ago
dailymail.co.uk

State pensions are set for £18-a-week boost in April under 'triple lock' after wage rises hit 8.5...

The state pension is set for the big boost - worth around £18 a week for many OAPs - after strong wage figures for th...

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15 days ago
dailymail.co.uk

Wages are finally keeping pace with inflation amid 7.8% surge - but worrying signs for economy as...

Regular pay increased by 7.8 per cent annually in the quarter to July, matching the headline CPI rate for the same pe...

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16 days ago
nypost.com

White House's crude ploy vs. fuel prices to boost Biden for 2024

As gas prices soar to the highest seasonal level in a decade, the domino effect on inflation risks Joe Biden’s chance...

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18 days ago
inews.co.uk

Government rules out help to boost house prices

House prices will not rise until mortgage rates drop back, experts warn, and no action to prop up prices is expected ...

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18 days ago
inews.co.uk

Benefits squeeze may be used to fund tax cuts

Imposing a below-inflation uprating for benefits would allow the Chancellor to claw back money and use that headroom ...

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21 days ago
nationalworld.com

Royal Mail: First-class stamp price to rise 15p in October as postal service faces 'increasing co...

Since 2012, the year before Royal Mail was privatised, stamp prices have more than doubled

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22 days ago
thestar.co.uk

Redmires: Controversial cafe plan in Sheffield's national park withdrawn

Mr Garvida said some of the complaints were unfair

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22 days ago
nationalworld.com

When is the Autumn Statement 2023? Date of next Budget event, what Chancellor Jeremy Hunt could say

The Chancellor of the Exchequer has so far ruled out providing extra Treasury money for the RAAC schools concrete cri...

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27 days ago
nationalworld.com

Shrinkflation: what £15 could have bought you 15 years ago compared to today from pints to petrol

Rapid inflation has seen the cost of living spike considerably over the past year, with £15 stretching much further i...

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29 days ago
nationalworld.com

UK food prices inflation ‘slows to lowest rate since September 2022’, BRC supermarket shop survey...

The research by the British Retail Consortium suggests there may be ‘better news’ for the cost of living crisis

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about 1 month ago
inews.co.uk

UK finances are worsening, Treasury warns, as Jeremy Hunt resists pressure to cut taxes

The Chancellor is under pressure to cut taxes but he fears the increased cost of servicing government debt will make ...

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about 1 month ago
inews.co.uk

Bank warned it has gone 'far enough' on interest rates rises as experts predict hike to 5.5%

Some experts and politicians from left and right are concerned that the UK may soon be on the brink of a recession

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about 1 month ago
dailymail.co.uk

Recession risk is 'very real' despite Rishi Sunak claiming struggling Brits will feel better off...

Rishi Sunak reiterated that tackling inflation remains his top priority as economists highlighted the danger that fur...

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about 1 month ago
inews.co.uk

Interest rates could rise to 5.75 per cent in September due to high inflation, experts warn

The Bank of England is under pressure from some economists to limit the pace of interest rate rises

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about 1 month ago
inews.co.uk

Education reform to be next phase in economic recovery as Sunak's confidence grows on inflation

A Treasury source said: "The Bank of England is still forecasting that we will halve it, but we are not complacent."

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about 1 month ago
inews.co.uk

New post-Brexit checks on food from the EU still set for delays as food inflation remains high

The decision comes as the latest inflation data shows the price of food remains near historically high levels

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about 1 month ago
scotsman.com

Inflation UK: Think-tanks warn Rishi Sunak’s promise to halve inflation 'in jeopardy' despite rec...

The intervention comes despite inflation slowing to its lowest for 17 months.

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about 1 month ago
inews.co.uk

Mortgage rates to leap again in September after record wage spike

Wages are expected to begin growing more quickly than inflation but economists warned that the strong growth in pay w...

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about 1 month ago
nationalworld.com

UK wage growth: cost of living impact of ONS labour market statistics - effect on inflation, inte...

Some of the biggest winners from the latest Office for National Statistics data could be pensioners, as the figures c...

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about 1 month ago
inews.co.uk

State pension could rise by 8% to £220 a week as shock hike in wages set to push up triple lock

Unexpectedly strong growth in average earnings will mean that pensioners get an above-inflation boost to their income...

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about 1 month ago
dailymail.co.uk

Wages soar by a record 7.8% raising fresh inflation fears despite signs the jobs market is weaken...

Regular pay was up by 7.8 per cent annually in the quarter to June, the fastest pace since comparable figures began i...

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about 1 month ago
dailymail.co.uk

Interest rate hikes in the balance as economists predict crucial figures this week will show...

The July figure for CPI is due on Wednesday as the Bank of England mulls whether more action is needed to curb prices.

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about 2 months ago
nationalworld.com

What is GDP? Meaning, what does it stand for, real-world impact - as UK economy records unexpecte...

The Prime Minister Rishi Sunak has made GDP growth one of his main priorities for 2023, and it is likely to be a key ...

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about 2 months ago
inews.co.uk

Fresh hope of pre-election tax cuts after unexpected economic growth figures

Chancellor Jeremy Hunt said growth of 0.5% for June and 0.2% between April and June showed the UK economy was resilie...

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about 2 months ago
inews.co.uk

Seven ways to ease the UK's cost-of-living crisis - and how likely Rishi Sunak is to do them

The Prime Minister and Chancellor Jeremy Hunt do have options, but how realistic are they?

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about 2 months ago
inews.co.uk

Senior Tories demand tax cuts for small businesses after new wage growth data

Senior MP Sir John Redwood urged ministers to act swiftly with 'targeted tax cuts' to boost supply

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about 2 months ago
nationalworld.com

Premium Bonds best odds in 15 years: What are the odds of winning in UK, new NS&I saving rates ex...

The odds for premium bonds will rise to their best level in more than 15 years

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about 2 months ago
inews.co.uk

Good news on pay and inflation may be coming, but we are not out of the woods yet

One month of positive figures is not enough to change the political weather for Rishi Sunak - or increase the chance ...

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