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Annual rate back on downward path, which eases pressure on Bank of EnglandBusiness live updates – latest newsUK inflation fell further than expected in June to 7.9% amid a sharp fall in petrol prices, easing forecasts for how aggressively the Bank of E…
British drivers upgraded their cars often in the era of cheap lending – but that could changeCompany insolvencies jump 27% as high interest rates hitBritain’s car buyers are a nation of borrowers: more than four in every five new cars bought by individ…
IPPR report undermines Rishi Sunak’s argument that larger wage settlements would be inflationaryHigher pay increases for public sector workers would not be inflationary, a leading thinktank has said.In a report undermining Rishi Sunak’s central argumen…
Data shows the economy grew just 0.8% in the June quarter, down from 2.2% in the first three months of 2023China’s economy expanded 6.3% in the second quarter from a year ago, falling short of market expectations as export demand remained tepid and sin…
City economists predict annual rate will fall from 8.7% recorded in April and May but will still be higher than in eurozoneHow Britain became the G7’s inflation outlier – in one chartThe UK’s inflation rate is expected to drop this week but is likely t…
This week’s CPI figures look set to highlight a trend: that prices in the UK seem to rise faster than they do elsewhereThe UK has a longstanding problem with inflation. Since the 2008 banking crash, bouts of inflation felt across the world have sent pr…
Exclusive: Labour leader urges left to ‘care more about growth’ and rules out spending ‘vast sums of money’Labour will rebuild broken Britain with big reforms, not big spending. That’s a promise | Keir StarmerLabour will only succeed in winning power a…
Australian Airports Association tells parliamentary inquiry market dominance has allowed the two airlines to jack up profit marginsGet our morning and afternoon news emails, free app or daily news podcastQantas and Virgin now account for 95% of Austral…
ONS finds one in 20 households have run out of food in the past and could not afford moreBritain’s cost of living crisis is forcing more people to dip into savings to make ends meet, according to official figures showing renters are at the greatest ris…
Gloomy report says national debt could exceed 300% of GDP within next 50 yearsThe UK’s public finances are in a “very risky period” after a series of major shocks that have driven the nation’s borrowing costs to rise at the fastest rate in the G7, the …