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British inflation increased unexpectedly in June. It reached an 18-month high. The Consumer Prices Index rose to 3.6 percent. Motor fuel and food prices mainly fuelled the jump. The UK economy contracted for a second month in May. Rachel Reeves acknowledged the pressure on households. The Bank of England may still cut interest rates next month.
The ONS said borrowing rose £6.6bn to £20.7bn last month, marking the second highest on record for June...
The ONS said borrowing rose £6.6bn to £20.7bn last month, marking the second highest on record for June...
June figure of £20.7bn comes as chancellor prepares for autumn budget where she may have to make tax rises
Inflation in the United States rose last month to its highest level since February as sweeping tariffs push up the cost of everything, from groceries...
Inflation in the United States rose last month to its highest level since February as sweeping tariffs push up the cost of everything, from groceries...
Speaking to City bosses in London on Tuesday, Labour Party chancellor Rachel Reeves said cutting so-called ‘red tape’ for the financial sector...
UK PM Keir Starmer says Britain will “pull every lever” to support Gaza aid efforts as recognition pressure mounts.
UK PM Keir Starmer says Britain will “pull every lever” to support Gaza aid efforts as recognition pressure mounts.