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Increase confounds forecasts of a modest dip and adds to pressure on Bank of England to raise interest ratesLive coverage: Inflation jumps as cost of living crisis intensifiesWhich goods and services have risen most in price?Inflation calculator: find …
This blog is now closed.Peter Dutton proposes criminalisation of Nazi symbols after Tuesday’s question time stoushGet our morning and afternoon news emails, free app or daily news podcastVoice negotiationsThe referendum machinery legislation will set u…
Organisation also says UK will be only G20 economy apart from Russia to shrink this yearCentral banks should maintain the fight against inflation with high interest rates despite fears of a global banking crash, according to the OECD, which said the UK…
Annual rate of 102.5% is denting purchasing power, savings, economic growth and government’s chances in elections next yearArgentina’s annual inflation rate tore past 100% in February, the country’s statistics agency announced, the first time it has hi…
From cooling inflation to easing staff shortages, we look at the factors behind the chancellor’s spending choicesHunt to announce £4bn boost for childcare in EnglandJeremy Hunt will announce his budget on Wednesday with the government under pressure to…
E-bikes, home security cameras and frozen berries added to ONS list in sign of changing shopping habitsTwo ubiquitous consumer items of the 1990s – alcopops and CDs – will no longer count towards the monthly update of Britain’s cost of living after the…
Analysis by UK union shows large corporations have improved profits with price rises in cost of living crisisLarge corporations have fuelled inflation with price increases that go beyond rising raw materials and wages costs, pushing shopping bills to r…
From May, loyalty card holders will collect 3p of points for every £1 spent at health and beauty chain, down from 4pBoots is cutting the points per pound shoppers can earn on their loyalty card by a quarter, while offering discounts on its own-brand pr…
With inflation cooling rate-setter Swati Dhingra says higher borrowing costs pose ‘material risk’ to already-weak economyA senior Bank of England policymaker has said interest rates should be held at 4% amid signs of cooling inflation, rather than addi…
Talks under way with UK government over timings of project as prices of materials soarThe boss of HS2 has said that construction of the high-speed rail line could be further delayed in an effort to curb costs.Mark Thurston, the chief executive of HS2 L…