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July 18, 2025

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Inflation

Corporate profits drove up prices last year, says ECB president

Christine Lagarde says without a shift in corporate behaviour, interest rates will need to stay higher for longerCorporate profits were the biggest factor driving up prices last year and will be again in 2023 unless businesses are forced to absorb risi…

June 27, 2023
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Shop price inflation easing, say top UK retailers before key meeting with MPs

British Retail Consortium says figure eased to 8.4% in June from 9% in May Britain’s biggest retailers have said shop price inflation is easing ahead of a crunch meeting with MPs on Tuesday over the soaring cost of groceries, but warned food prices wer…

June 27, 2023
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Post-Brexit import checks risk further pushing up food prices – industry group

Traders will not be able to absorb estimated £10m extra cost on goods entering from EU, warns Fresh Produce Consortium The UK’s post-Brexit border strategy risks further pushing up food prices, according representatives of Britain’s fresh produce indus…

June 26, 2023
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Primark owner upgrades profit outlook as inflation fuels jump in revenues

Associated British Foods says group sales rose by 16% with Primark saying rises supported by steeper pricesABF lifts profit forecast after price rises – business liveHunt to ask UK regulators to look at firms exploiting price risesThe owner of Primark…

June 26, 2023
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Jeremy Hunt to ask UK regulators to investigate firms exploiting price rises

Chancellor to meet watchdogs to discuss claims that company profiteering is stoking inflationBusiness live: Primark-owner lifts profit forecast after price risesJeremy Hunt will ask industry regulators what they are doing about any companies exploiting…

June 26, 2023
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Union fury at reports Sunak might overrule some public sector pay rises

Recommendations from independent pay review bodies could be rejected by PM if he deems them unaffordableUnions have expressed outrage over reports the prime minister plans to block public sector wage increases owing to fears about pushing up UK inflati…

June 24, 2023
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Rishi Sunak forced to acknowledge control of inflation lies with Bank of England

Chancellor agrees ‘mortgage charter’ to help borrowers but Labour says intervention is ‘weak’Business live – latest updatesUK politics live – latest updatesIf the bosses of some of Britain’s biggest banks were nervous as they entered Downing Street for…

June 23, 2023
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Mortgage crisis: UK lenders agree to 12-month grace period on repossessions

Measure among three to emerge from meeting to help struggling households after sharp rate hikeBusiness live – latest updatesStruggling mortgage holders will be given a 12 month grace period before their repossession proceedings begin, in an agreement b…

June 23, 2023
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Ever-higher mortgage rates will leave Rishi Sunak feeling low

Tories are likely to bear the brunt of homeowning voters’ anger in marginal constituencies in next year’s electionAs the former chancellor who warned presciently during last summer’s leadership contest that Liz Truss would crash the economy, Rishi Suna…

June 23, 2023
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‘Shock and awe’ interest rate rise leaves Sunak’s cost of living pledge in tatters

Bank raises base rate to 5% and is predicted to go to 6% as pressure grows on government to interveneRishi Sunak’s pledge to ease the cost of living crisis is in tatters after the Bank of England was forced to raise interest rates to 5% in an inflation…

June 22, 2023
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