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Boris Johnson letter complains process is ‘unfair’ towards him and confirms he is asking new lawyers to represent him. This live blog is closedAnd here is Suella Braverman’s apology, from her letter to Rishi Sunak. She says:I am deeply committed to all…
Inflation drops to 8.7% but food price increases remain close to 45-year highAnalysis: Failure to grasp inflation drivers will keep prices highUK inflation: which goods and services have risen most in price?Business live updates: latest newsThe Bank of…
This online tool will help you discover what is contributing to your household’s cost of living increasesInflation has been soaring in the UK, with people being hit by higher prices for everyday essentials.The latest inflation rate for the 12 months to…
In today’s newsletter: It’s good news – but the figure is still a bit higher than expected, even as energy costs decline. As the latest data is released, we look at its ongoing impact – and what it means for youSign up here for our daily newsletter, Fi…
UK ministers will use improved forecast to claim plans are working – but IMF also urged more action to protect vulnerable peopleJeremy Hunt was quick to welcome the International Monetary Fund’s improved economic forecasts. Britain was now on track for…
Governor optimistic over economic recovery but concedes Bank has ‘lessons to learn’ after forecast errorsFrom CPI to stagflation: how the UK tracks price rises and what key inflation terms meanThe Bank of England governor has insisted that inflation ha…
Jeremy Hunt should squeeze public spending and cut debt, says Washington-based bodyBusiness live – latest updatesThe International Monetary Fund has upgraded its forecasts for UK growth, saying the country will no longer fall into recession this year, …
Jeremy Hunt to meet food manufacturers over prices as Kantar says rate is still ‘incredibly high’UK food price inflation remains at its third-highest level since the financial crisis, with the annual rate at which the cost of groceries is increasing at…
Average SVR at highest level for more than 15 years as number of home loan products available jumpThe average standard variable rate (SVR) for mortgages has climbed to its highest level for more than 15 years, so many people sitting on one of these cou…
Leaders expected to form council that will discuss response if states such as Russia and China boycott trade for political reasonsThe UK and other G7 countries are planning collective action against Russia and China if they threaten trade boycotts for …