All news on the topic: Inflation

694
Bank of England expected to hold interest rates despite renewed inflation risks
The Bank of England is expected to keep interest rates unchanged again next week, despite fresh uncertainty in the Middle East.
688
UK borrowing costs surge as oil tops $100 amid Iran conflict
UK borrowing costs soared yesterday amid a global bond market rout sparked by a surge in the oil price back above $100.
827
Andy Burnham announces £850m energy bill tax cut in first major move as Prime Minister
Andy Burnham has announced an £850 million tax cut on energy bills to help ease the cost-of-living crisis in his first significant policy as Prime Minister.
870
EU faces 9.6 million home shortage as housing overtakes unemployment as voters’ top concern
In March, the European Parliament adopted its first report on the housing crisis in the EU and possible ways to address it. Polls show that housing has become one of Europeans’ most pressing concerns, rivaling national security in importance.
558
Andy Burnham faces shrinking budget cushion as he prepares to take power
Given pressures on the public purse, the Makerfield MP may have to look at autumn tax rises to fund his ‘new direction’.
797
Rachel Reeves accused of blowing up Britain’s economy as debt crisis fears grow
Today, we learned that Britain’s national debt is growing at a faster pace than any country in the world, except Botswana. Yet instead of taking control, Reeves wants to borrow and spend even more.
748
Russia faces losses, economic slowdown and unrest
The consequences of the war against Ukraine are causing frustration and tension even among Russia’s elite: the power structures created by Vladimir Putin, which consist of various clans, are beginning to falter
536
"Desks, not sun loungers": Tories attack Bank of England over overseas working policy
The Bank of England has been advised that its staff should be "working from desks, not sun loungers" after it was revealed that employees can work from abroad for up to 40 days per year.
717
Leadership crisis dominates headlines as Starmer’s government rolls out major policy overhaul
Amid the headlines focused on Keir Starmer’s struggle for his political survival, many may have overlooked the flurry of policy announcements his Government has made over the past few weeks.
553
Fashion brands pay less in real terms for T-shirts than 20 years ago
Major fashion brands today pay hardly more for a cotton T-shirt than they did 20 years ago. Adjusted for inflation, the sourcing price has actually fallen – in the EU, for example, by as much as 30%.
716
Europe faces higher borrowing costs as oil crisis deepens, ECB warns
The war in the Middle East is keeping energy prices higher for longer than expected, European Central Bank Governing Council member Mārtiņš Kazāks said, signaling that interest-rate hikes are likely.
805
Inflation drops to 2.8% but Britain braces for fresh cost-of-living pain from Iran war shock
Inflation has slowed to 2.8% in April from 3.3% in March, according to official figures from the Office for National Statistics (ONS) - as economists warn of price rises this summer.
587
UK unemployment hits 5% as youth joblessness surges and pressure mounts on chancellor
The levels of UK unemployment rose to 5% in three months to February, the latest figures from the Office for National Statistics (ONS) reveal.
813
Britain’s leadership chaos becomes routine as another PM faces collapse
The weirdest thing about weeks like the last one in Westminster is ... they don’t feel that weird anymore.
639
Rachel Reeves to unveil cost-of-living rescue package as Iran war drives prices up
Rachel Reeves will unveil a cost-of-living package next week – after indicating she might abandon a fuel duty increase later this year.
768
Trump lands in Beijing with America’s billionaire CEOs for high-stakes Xi summit
Donald Trump has arrived in Beijing for a summit with Xi Jinping – and is bringing tech CEOs, including Elon Musk, along for the ride.
725
UK bakery giant Greggs lifts prices again as Middle East conflict drives cost concerns
Greggs has announced that its meal deals have increased in price again as the bakery chain attracts health-conscious and younger customers with new menu options.
738
Iran war sparks global supply strain as trade tensions risk repeating Covid-style protectionism
The war in Iran has strained the availability of energy, food, and fertilizer, raising the question of whether the world’s response will repeat the early missteps of the Covid-19 pandemic.
535
Official FIFA World Cup footballs costing up to £130 are made by workers who earn only around £26 a week
FIFA’s official World Cup footballs costing up to £130 are being made by workers earning as little as £26 a week.
816
Panic in Labour as MPs warn ditching Rachel Reeves risks bond market shock
Frantic Labour MPs are attempting to save Rachel Reeves from being dismissed because they fear her departure from Number 11 could trigger bond market turmoil.
702
“Calamity coming”: Reeves trapped as borrowing surges and growth stalls
The Chancellor has left the nation completely unprepared for the unfolding disaster.
713
UK economy on brink as Iran blocks Strait of Hormuz and energy prices surge
Two reports from top accounting firms suggest the economy is on the brink as gas and oil prices surge following Tehran’s blockade on the Strait of Hormuz.
603
UK military chiefs ordered to find £3.5bn savings amid warnings Britain is ‘unprepared for war’
UK military generals have been asked to find £3.5bn of savings with fears Sir Keir Starmer is leaving the country ‘unprepared for war’.
555
UK growth downgraded most in G7 as energy shock from Iran war fuels inflation and job losses
The economic fallout from the Iran war will hit the UK the hardest out of all the world’s advanced economies, the International Monetary Fund (IMF) has warned.
628
Fans outraged as FIFA sets eye-watering $10,990 price for 2026 final
FIFA has sparked outrage after World Cup 2026 ticket prices soared to record highs, with fans facing up to £8,333 for the final amid claims the tournament is pricing out ordinary supporters.