News
Energy price cap to jump 13% from July but remain steady in October
1+ hour, 42+ min ago (15+ words) Perspective Media...
I'm not trying to be a troublemaker': Bank of England's Huw Pill on rates split
1+ hour, 42+ min ago (20+ words) Perspective Media...
Inflation target should not be increased, says Bank governor
3+ week, 5+ day ago (338+ words) The Governor of the Bank of England has said the Bank should not increase its inflation target, stressing that it is important to give households confidence it can bring down the rising cost of living. Andrew Bailey also told members…...
UK inflation rate set to fall as lower household energy bills offset fuel surge
1+ mon, 1+ week ago (450+ words) UK inflation is set to have eased last month as a drop in household energy bills offset a jump in fuel prices but experts warned of turbulence ahead as the Iran energy price shock "catches up" with the cost of…...
Greggs ups prices of meal deals again and cautions over Iran war cost hit
1+ mon, 2+ week ago (586+ words) The boss of Greggs said its breakfast and lunch deals had gone up in price. Greggs has revealed its meal deals have gone up in price again as the bakery chain reeled in health-conscious and younger customers with new menu…...
Early Easter adds to woe of retailers suffering from low consumer confidence
1+ mon, 2+ week ago (473+ words) Retailers have suffered a disappointing April as an early Easter compounded stumbling consumer confidence because of the Middle East crisis, figures show. Total UK retail sales were down 3% year on year, well below the 12-month average growth of 1. 8%, according to…...
Food prices set to rise by 50% on start of cost-of-living crisis by November
1+ mon, 3+ week ago (676+ words) UK food prices are on track to be 50% higher by November compared to levels at the start of the cost-of-living crisis in mid-2021, according to research. The "grim milestone" would mean that the price growth seen in the nearly 20 years prior…...
Reeves warns impact of Iran war on economy will persist once hostilities end
2+ mon, 1+ week ago (823+ words) The Chancellor and international counterparts said the conflict had caused "unacceptable loss of life" and "significant" economic turmoil. The impact of the Iran war on inflation and economic growth will linger even if an end to the conflict is found,…...
Mortgage availability expected by lenders to increase in coming months
2+ mon, 2+ week ago (462+ words) The "full impact" of higher costs and mortgage rates is still feeding through, a finance expert said. Mortgage availability to households is expected to increase over the three months to the end of May, according to a Bank of England…...
Mortgage rates "likely to remain higher for some time yet
2+ mon, 2+ week ago (349+ words) Calming markets should have a stabilising impact on the mortgage market, Moneyfacts said. Mortgage rates are likely to remain higher for "some time yet" despite some signs of the upward pressure easing, according to a financial information website. Global stock…...