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Full list of site closures in England and Scotland as Italian food chain blames inflation for decisionThe Italian restaurant chain Prezzo has said it plans to close 46 outlets in the UK, putting 810 jobs at risk, in a sign of the struggles for the casu…
Renee Fry-McKibbin says panel considered ‘a lot of alternative frameworks’ but decision on shift would fall to future reviewsFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news pod…
‘Pretty much nailed on’ that the rate will halve in next six months, according to Andy HaldaneThe former chief economist of the Bank of England has predicted that inflation will fall rapidly in the coming months, and advised interest rate setters to co…
Report shows fastest rebound in private sector output in a year, with interest rate rise likely next monthConsumers splashing out on holidays has helped put Britain’s economy on track to avoid predictions of a contraction in the first three months of t…
Increase to 4.5% will be last rise in current cycle, former rate-setter Michael Saunders predictsThe Bank of England is likely to increase interest rates one more time in May, to 4.5%, before inflation falls “sharply” over the rest of the year, a forme…
Reserve Bank governor says board challenges him and does not ‘sit there meekly’ but calls overall report ‘kind of excellent’Follow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podc…
This online tool will help you discover what is contributing to your household’s cost of living increasesInflation is soaring in the UK as people are hit by higher prices for everyday essentials.Now in double digits, the latest inflation rate for the 1…
Annual rate as measured by consumer prices index dropped to 10.1% in March, says ONSUK inflation: which goods and services have risen most in price?Business live – latest updatesUK inflation fell by less than expected in March, staying in double figure…
Softer conditions in jobs market means unemployment rate unexpectedly edges higher to 3.8% Business live – latest updatesSickness drags down economy as vacancies go unfilledThe UK’s unemployment rate has edged higher and pay growth continues to lag wel…
Cheddar and budget sausages sold by Asda were highest risers, with supermarkets’ prices for oats and skimmed milk also soaringThe price of staple foods such as cheddar cheese, white bread and pork sausages has soared by up to 80% in some shops over the…