Tag: UK inflation
UK inflation hits three-year low, fuelling rate-cut hopes
LONDON: Britain’s annual inflation rate fell to a three-year low in September, official data showed Wednesday, fuelling speculation that the Bank of England will resume…
UK inflation slows to lowest level in almost 2.5 years
LONDON: Britain’s annual inflation rate fell more than expected in February, official data showed Wednesday, fuelling speculation that the Bank of England will start cutting…
UK inflation holds at 4.0 percent in January: Data
LONDON: Britain’s annual inflation rate remained unchanged in January from the previous month, confounding expectations for an acceleration, official data showed on Wednesday.The Consumer Prices…
UK annual inflation drops to 15-month low
LONDON: Britain’s annual inflation rate dropped sharply in July to a 15-month low, official data revealed Wednesday, off the back of lower energy prices and…
UK PM Sunak sees “light at the end of the tunnel” on inflation
LONDON: British Prime Minister Rishi Sunak said there was “light at the end of the tunnel” for his government’s plan to halve inflation, adding that…
Bank of England admits it got wrong on recession
After predicting a recession as recently as February, Bank of England now says the economy is most likely to avoid A contraction this year. The…
UK supermarkets ration fruits, vegetables amid widespread shortages
A major British grocer is rationing sales of fruit and vegetables after a bad harvest in southern Spain and north Africa led to gaps on…
Rishi Sunak marks 100 days as UK prime minister as problems mount
LONDON: UK prime minister Rishi Sunak has angry unions to the left of him, anxious Conservative Party lawmakers to the right and, in the middle,…