October 20, 2022NewsComments Offon Trouble for Liz Truss? UK PM battles inflation as she faces possible sacking Trouble for Liz Truss? UK PM battles inflation as she faces possible sacking With just over a month in the office,...
"Very soft UK inflation data for December leaves the door wide open for a Bank of England rate cut on 30 January," Melissa Davies, an economist at stock broker Redburn, was quoted by the BBC as saying. However, Yael Selfin, chief economist at KPMG UK, warned on the Evening Standard ne...
"Persistently high inflation and the recent spike in lending rates will trigger a correction in the UK (Aa3 negative) housing market," Moody's Investor Service said in a report. Matt Cardy | Getty Images News | Getty Images The U.K. housebuilding market is set to benefit from an incoming...
Inflation in Britain is currently around 2%. Reeves, Britain's first female finance minister, said the government will "make sure the sums add up" if public sector workers are given above inflation pay rises. If the government wants to approve the pay raises it ...
The BBC News website has some further information abouthow inflation is calculated. You can also seethe latest inflation-related news and predictions.
He stressed that recent economic data was a significant part of his decision-making, telling the BBC's "Today" program Thursday that inflation had gone "back down to normal," the economy was growing and wages were "rising sustainably." ...
This is seen as the main tool for controlling inflation. With inflation running significantly above target one might expect action to be taken on interest rates. However King has this to say: ...if the Bank Rate were set to bring inflation back to the target within the next 12 months, ...
The Bank of England has just doomed the country to even more ruinous inflation. Liz Truss will be a three-month wonder. Things might get so wild in Old Blighty that Nigel Farage will wind up in 10 Downing Street. NORD STREAM GAS LINE ATTACKS: Two massive explosions occurring Monday evening...
In response to questions on a rail workers' strike happening this week over pay and conditions, Deputy Prime Minister Dominic Raab said giving in to union demands could fuel a "vicious cycle" of inflation. Speaking on the BBC's Today program, Raab said: "We have got to stop making the p...
"Falling inflation isn't inevitable, so we need to stick to our plan to halve it this year," the BBC quoted him as saying.