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OBR tells Jeremy Hunt he will have £9bn less income to factor in amid falling tax receiptsAnalysis: big budget giveaways look unlikelyEnergy support sets UK government borrowing recordThe government’s economic forecaster has cut its prediction for UK g…
The worst of the current inflationary cycle may be behind us, but the pain is probably not over for many householdsFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastWhen n…
Richest have gained similar amount over same period, reflecting differing impacts of inflationThe UK’s least affluent households have almost £40 a month less spare cash than they did a year ago while the richest have gained a similar sum in the same pe…
People with severe disabilities and chronic conditions struggling in cost of living crisis, research showsSoaring energy bills are forcing people with severe disabilities and chronic health conditions to choose in extreme cases between “eating or breat…
UK entrepreneur says economic strategy has left Britain in a ‘Covid inertia’ and calls for growth planSir James Dyson, the billionaire businessperson, has launched a withering attack on Rishi Sunak’s government, saying its “shortsighted” and “stupid” e…
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…
Bank of England must proceed with caution as households are still cutting back and business confidence is weakUK inflation dips slightly to 10.5%Baker Warburtons battles soaring food inflationThere is hope for households across Britain that inflation, …
This live blog has now closed, you can read more about this story hereHuw Merriman, the rail minister, told MPs this morning that the government has lost more money due to the impact of rail strikes than it would have cost to settle the disputes months…
Annual rate falls in December, although it remains at one of highest levels in 40 yearsUK inflation fell back slightly in December to 10.5% but remains at one of the highest levels in 40 years as the cost of living crisis continues.The Office for Natio…
But Bank of England’s Andrew Bailey says worker shortage could still pose major risks in cost of living crisisThe governor of the Bank of England has said there could be a “rapid” fall in inflation in Britain amid a drop in global energy prices over re…