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Retail sales weaken in July as demand for clothing falls
11+ hour, 37+ min ago (461+ words) Retail sales slipped back in July as clothing sales fell at the fastest rate for more than a year, according to official figures. The Office for National Statistics (ONS) said retail sales volumes declined by 0.5% in July, compared with the…...
Why has inflation gone down and where will it go from here?
4+ week, 2+ day ago (946+ words) UK inflation fell to the lowest rate in 15 months in June as a drop in fuel and food prices helped bring down the overall cost of living. The Office for National Statistics (ONS) said the rate of Consumer Prices Index…...
Borrowing costs jump to two-month high as Healey named as Chancellor
1+ mon, 1+ day ago (523+ words) Government borrowing costs lifted higher and the value of the pound weakened amid caution from City traders ahead of John Healey’s appointment as the next Chancellor of the Exchequer. Andy Burnham appointed the former defence secretary in a surprise move…...
UK inflation set to ease back faster than expected, says IMF
1+ mon, 1+ week ago (677+ words) UK inflation is set to ease back to target levels quicker than previously expected, according to projections from the International Monetary Fund (IMF). It came as the global economic body said the global economic shock from the conflict in the…...
Housebuilding activity hits 2026 low point amid construction downturn
1+ mon, 2+ week ago (375+ words) Activity in the UK housebuilding sector fell at the fastest pace so far this year as the wider construction sector remained firmly in contraction, according to new figures. The S&P Global UK construction PMI showed a reading of 38.4 in…...
Examples of where inflation eased in April – and where it accelerated
3+ mon, 1+ day ago (535+ words) Falls last month in the cost of energy and air travel – along with an easing of inflation across a range of everyday groceries including chocolate, coffee and rice – helped pull down the UK’s overall rate to its lowest level since…...
Around 1.3m households face higher mortgages due to Iran war, warns Bank
4+ mon, 2+ week ago (475+ words) Around 1.3 million more UK households are facing a jump in their mortgage costs following the economic “shock” caused by the conflict in the Middle East, the Bank of England has warned. The Bank’s latest financial stability report (FSR) said the…...
5 simple supermarket swaps that could save you £483 in 2026
7+ mon, 3+ week ago (671+ words) Food shopping has rocketed for many families, with the average UK household spending £5,283 a year on food and drink last year. As many tighten their belts after an expensive Christmas and look to stretch budgets to January's pay day, experts…...