Hospitality inflation climbs as pressure on sector persists Hospitality Food and restaurant prices are rising at a faster rate than overall inflation, in a sign that cost and tax pressures on the hospitality sector are unlikely to ease. While headline Consumer Prices Index (CPI) inflation dropped to three per cent in the year to January 2025, food and restaurant inflation climbed from 3.8 to [...]
UK labour market weakens as hiring and pay growth cools Economics The UK labour market continued to lose momentum at the start of 2026, with falling employment, weak hiring demand and easing wage growth reinforcing signs of a sustained slowdown. BDO’s Employment Index fell for a third consecutive month in January to 93.30, its lowest level since March 2011, as businesses pulled back on recruitment amid persistent cost [...]
Coffee and sugar drive surging food inflation Economics 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 [...]
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: Stocks fall as Trump ramps up pressure; Unemployment at four-year high January 20, 2026 Good morning and welcome back to the City AM liveblog. Thousands more Brits exited the jobs market in November as the estimated number of payrolled employees fell by 33,000. New figures from the Office for National Statistics (ONS) showed the UK unemployment rate for people aged 16 years and hit 5.1 per cent in September [...]
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 [...]
UK economy grows more than expected but remains ‘fundamentally weak’ January 16, 2026 The UK economy grew more than expected in November last year but remained “fundamentally weak”, official data has shown, reflecting businesses’ nerves about Rachel Reeves’ Budget measures. New Office for National Statistics (ONS) figures showed growth in the UK economy inching up. Business analysts warned over several months that pre-Budget speculation had dampened spending and [...]
FTSE 100 Live: Gold surges amid Trump tensions; JLR leads growth rebound January 15, 2026 Good morning and welcome back to the City AM liveblog. Rachel Reeves’ report card for 2025 has received another dim review with fresh figures from the Office for National Statistics (ONS) showing growth came in at a sluggish 0.1 per cent in the three months to November 2025. This was led by a modest rebound [...]
£13bn streaming boom defies sluggish UK economy January 7, 2026 The UK’s digital entertainment sector emerges as a rare diamond in the rough for a stuttering national economy, with revenues surging more than four times faster than sluggish GDP growth in 2025. Streaming services and retail drove UK revenues from video, music and games to new highs of £13.3bn, according to a recent report by [...]
Britain stuck at bottom of G7 for total investment as Labour’s policies backfire December 31, 2025 Rachel Reeves has come under fire after fresh data revealed Britain was stuck in last place among the world’s seven largest economies for total investment. Public and private investment marked just 18.6 per cent of GDP in the three months to September, placing the UK last among the G7 nations. Whilst it is a trend [...]