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British Retail Consortium says rate fell from 15.7% to 15.4% even as rise in overall shop price growth hits fresh highFood inflation in the UK fell in May, lifting hopes that the rapid increase in grocery price growth may have reached its peak after ke…
Campaigners for tax reform say similar levies in Europe have helped to reduce inequality A modest wealth tax on the richest 350 families in the UK could raise more than £20bn a year – enough to fund the construction of 145,000 new affordable homes a …
Naomi Eisenstadt, first programme lead, says there is lack of attention on what childcare is actually forNaomi Eisenstadt remembers her excitement as she started as the first director of the government’s Sure Start unit in 1999.“I felt like Lyndon John…
The once humble, low-cost staple more than doubles in price, putting many fish and chip shops at riskWhether it’s fried, baked or mashed, potatoes have traditionally been a low-cost staple food in the UK – but not any more.A surge in costs is clobberin…
High inflation likely to push interest rates above 5% and force up mortgage and loan payments just ahead of electionHunt will back more rate rises even if they lead to recessionHouseholds warned to brace for 5%-plus mortgage ratesRishi Sunak has been w…
Chancellor to support Bank of England’s decisions because ‘inflation is a source of instability’Business live: latest updatesJeremy Hunt said he will back further interest rate rises by the Bank of England, even if they risk plunging the UK into recess…
Former culture secretary says prime ministerial diaries ‘are frequently wrong’The government has announced that £7m is now available for grants to fund “policy-relevant research on how the conservation and sustainable use of biodiversity can help addre…
Updated data shows economy went into reverse in first quarter with GDP falling by 0.3%Germany has entered a recession, revised official figures have revealed, after high prices took a bigger toll on the country’s economy than originally estimated.Data …
LSE researchers estimate that extra barriers on EU food imports have pushed up bills by £250 on averageBritish households have paid £7bn since Brexit to cover the extra cost of trade barriers on food imports from the EU, according to researchers at the…
Energy prices have fallen and farming and manufacturing costs have eased, so why are food prices still accelerating?UK inflation falls by less than expectedUK inflation: which goods and services have risen most in price?Business live updates: latest ne…