Coffee and sugar drive surging food inflation January 21, 2026 Sharp increases in the cost of coffee and sugar are behind the high rate of food inflation which is one of the drivers of the surprise inflation rise. The cost of food increased at a rate of 4.5 per cent in the year to December, overshooting the overall inflation rate of 3.4 per cent by [...]
FTSE 100 rebounds as Trump rules out taking Greenland by force January 21, 2026 Global markets bounced back into the green on Wednesday after President Donald Trump confirmed the US would not use military action to seize Greenland. In his address at the World Economic Forum in Davos, Trump said: “All the US is asking for is a place called Greenland”. “We never ask for anything and we never [...]
UK inflation overshoots forecasts in cost of living warning January 21, 2026 Inflation overshot forecasts pencilled in by economists, sending the Bank of England a warning on their steady pace of interest rate cuts. New data published by the Office for National Statistics (ONS) has shown consumer price index (CPI) inflation, the headline measure for price growth, hitting 3.4 per cent in the year to December. Economists [...]
FTSE 100 Live: Trump to rock davos; Stocks dip after inflation January 21, 2026 Good morning and welcome back to the City AM liveblog. Inflation spiked above expectations this morning, coming in at 3.4 per cent, according to fresh figures from the Office for National Statistics (ONS). This soared above a poll of economists by Bloomberg expecting 3.3 per cent. “Inflation ticked up a little in December, driven partly [...]
Inflation expected to inch back up due to travel rush January 19, 2026 Inflation is expected to edge back up as higher airfares and tobacco prices are squeezing British families’ budgets and adding to pressures on the cost of living. A Bloomberg poll of economists has predicted consumer price index (CPI) inflation to hit 3.3 per cent rate for the year to December, which would be higher than [...]
Bank of England’s Taylor: Trade with China to drive interest rate cuts January 14, 2026 Cheap goods flooding into the UK from China will lower inflation and prompt the Bank of England to cut interest rates further, a member of the Monetary Policy Committee has said. Alan Taylor, considered to be the most dovish rate-setter on the MPC, warned that cheap goods flowing in from China would lower inflation over [...]
Mayfair-based The Arts Club plunges to £4m loss after wellness venture sours January 14, 2026 One of the swankiest private members clubs in central London has bemoaned a “challenging economic backdrop” after it suffered a loss of nearly £4m. Mayfair-based The Arts Club, which was founded in the 1860s by Charles Dickens and Anthony Trollope and has been frequented by the likes of Beyoncé, Jessie J and Pippa Middleton, incurred [...]
Rates row shows how little Labour understands business January 8, 2026 Whether it’s your after work favourite or your home local – whether you drink or not – everyone has a favourite pub. But the sector is facing a crisis – and we know whose fault it is. We also know the challenges facing British pubs reflect a bigger problem in the relationship between this government [...]
Bosses hold up wage growth expectations amid inflation tensions January 8, 2026 Company bosses have cut their wage growth expectations for the year ahead, Bank of England data has suggested, with inflation pressures on Britons easing. Finance chiefs across private sector firms are set to raise wages by smaller amounts than seen in the last year, which could sway some Bank policymakers to lower borrowing costs further. [...]
Soaring food costs send shop price inflation higher January 6, 2026 Soaring food costs pushed shop price inflation higher in December, fresh data has revealed, as Brits faced the crunch during the Christmas season. Food inflation reached 3.3 per cent in the final month of 2025, up from three per cent in November, with fresh produce rising to 3.8 per cent from 3.6 per cent previously. [...]