Inflation tops forecasts as food prices jump August 20, 2025 Inflation jumped in July, official data has suggested, creating a dilemma for Bank of England officials ahead of the central bank’s next policy meeting in September. The Office for National Statistics (ONS) said consumer price index (CPI) inflation hit 3.8 per cent in the 12 months to July, which is on par with the Bank [...]
Gen Z are afraid of credit cards. But can you blame them? August 20, 2025 New data has revealed that not only is Gen Z not using credit cards, they're actively afraid. But can we blame them, asks Rich Bayer.
Port of London exports boom despite tariff threats August 19, 2025 The Port of London Authority (PLA), the UK’s largest port, recorded a boom in trade volumes over the second quarter of the year despite fears around President Trump’s higher global tariffs. In its first ever report on quarterly trade data, the PLA said 14m tonnes of shipments moved through the port during the period. A [...]
Tax crackdown drives rise in compulsory liquidations August 19, 2025 Company directors are “feeling the impact” of HMRC’s crackdown on unpaid taxes as compulsory liquidations spiked by 11 per cent in the year to July 2025, official data has shown. More bosses wound up their businesses last month than had done so in June, with creditors’ voluntary liquidations still driving insolvencies across the UK. But [...]
Monzo to follow Revolut and Klarna with launch of mobile service August 19, 2025 Monzo has become the latest fintech darling to expand its lifestyle reach with the firm exploring the development of mobile phone services. The London-based firm is looking to offer a Monzo-branded service to its over 12 million in account holders. The service would follow rival Revolut issuing plans in April to enter the mobile market [...]
Bank of England may face lower inflation despite ‘Oasis bump’ August 18, 2025 Bank of England forecasts on inflation for July could be too high despite suggestions Oasis concerts could make prices jump, forecasters have said. The Bank’s last Monetary Policy Report took a gloomy view on the state of the UK economy as it claimed inflation would hit 3.8 per cent in the month of July. But [...]
Rental crisis in London worsens: ‘Payments border on the obscene’ August 18, 2025 Rents in London are taking up a larger portion of tenants’ earnings again after three years of improvements. Private renters on a median household income in the capital paid 41.6 per cent of their earnings on rent last year, up from 38 per cent in 2023 and the highest figure since 2021. The cost of [...]
‘Weak fiscal position’ pushes UK borrowing costs to 27-year high August 18, 2025 Government borrowing costs have jumped over the past two weeks, flashing warning signs for Chancellor Rachel Reeves. The 30-year gilt yield hit 5.57 per cent on Friday before falling back to stick around 5.54 per cent when trading began on Monday. Gilt yields are higher than levels seen in April after President Trump announced sweeping [...]
Rightmove: Average price tag on home has fallen £10,000 over summer August 18, 2025 The average price tag on a home has tumbled by more than £10,000 across the summer, falling by nearly £5,000 month-on-month in August alone, according to a property website. Across Britain, the average price of a home coming to market fell by 1.3 per cent, or £4,969, month-on-month in August to stand at £368,740, Rightmove [...]
The five fintech segments to watch August 18, 2025 Global fintech funding slumped to its worst half-year in five years in the first six months of 2025. Investment reached $44bn (£32.47bn), falling from $54.2bn the year prior, whilst the number of deals fell from 2,376 to 2,216. Weak investment in the three months to June 31 2025, hurt the headline figures, with just $18.7bn [...]