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News
Burnham defends limiting business rate cuts, saying pubs are ‘our heritage’
1+ hour, 29+ min ago (1334+ words) Prime Minister Andy Burnham has defended limiting cuts to business rates to certain hospitality venues, saying pubs “need to know that the cavalry is coming”. He said the 20% being knocked off rates for pubs, clubs and live music venues across…...
Where inflation eased in June – and where it accelerated
1+ day, 2+ hour ago (558+ words) Falls in the cost of food, clothing, fuel and bus travel all helped push down the overall rate of inflation last month, more than offsetting a jump in the price of computer equipment and air fares. The UK’s headline inflation…...
Inflation falls again in boost for Andy Burnham - what it means for your money
1+ day, 9+ hour ago (721+ words) Millions of households have been handed a welcome cost-of-living boost after UK inflation fell further than expected to its lowest level in 15 months. The Office for National Statistics (ONS) said Consumer Prices Index (CPI) inflation slowed to 2.6% in June, down…...
Grocery price inflation slows to lowest rate since December 2024
2+ day, 9+ hour ago (448+ words) Grocery price inflation has slowed to its lowest rate since December 2024 as the World Cup and heatwaves drove the highest number of supermarket trips in more than five years. Supermarket prices were 2.6% higher than a year ago over the four…...
Energy inflation and regional divides weighing on UK living standards – OECD
1+ week, 1+ day ago (382+ words) The UK economy is being held back by renewed energy inflation sparked by the Middle East conflict, an influential economic body has said, as it urged the Government to accelerate its pro-growth agenda and tackle regional divides. The Organisation of…...
UK economy set to have stayed in slow lane after Iran war held back growth
1+ week, 4+ day ago (349+ words) The UK’s economy is expected to have been stagnant for another month as some industries come under pressure and the Iran war continues to hold back growth. The Office for National Statistics (ONS) will publish May’s gross domestic product (GDP)…...
Andy Burnham urged to cut National Insurance and promises 'growth in every postcode"
1+ week, 5+ day ago (392+ words) National Insurance changes mean that businesses are paying more than £1,000 extra in tax for employees, on average, according to new analysis. The figures reveal the scale of the additional costs facing employers after changes introduced in 2024 increased employers' National Insurance…...
UK inflation set to ease back faster than expected, says IMF
2+ week, 1+ day 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…...
Warning to UK coffee drinkers as prices won't fall for at least two years
2+ week, 1+ day ago (317+ words) Coffee lovers in the UK face no relief from rising prices, and the outlook won't improve any time soon. Italian coffee giant Lavazza has warned that high costs could persist for at least two years, fuelled by climate change and…...
Housebuilding activity hits 2026 low point amid construction downturn
2+ week, 3+ day 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…...