How is Sunak doing on halving inflation, cutting NHS lists and stopping boats? August 16, 2023 In January, Rishi Sunak unveiled the vision for his government. Five pledges; five clear goals; five ambitions for his ministers. His aim was clear: be seen as an effective, solutions-focused administration and, hopefully, reap the electoral rewards. “No tricks, no ambiguity; we’re either delivering for you or we’re not,” he vowed. Eight months in, and [...]
Inflation: Falling energy bills and price cap helps drive down prices August 16, 2023 Falling energy costs are taming once rampant inflation rates, with the consumer price index rising at its lowest rate since last February.
‘The plan is working’: Sunak hails falling inflation – but PM warned targets still in jeopardy August 16, 2023 Rishi Sunak and Jeremy Hunt have welcomed today’s dramatic fall in inflation to 6.8 per cent, with the prime minister saying it shows his “plan is working”. The government welcomed today’s news of falling headline inflation, despite expectations the Bank of England is still likely to hike interest rates for a 15th straight time. However, [...]
Why today’s inflation data is still bad news for a bruised Bank of England August 16, 2023 Core inflation is unmoved and services inflation actually crept up. It all points to more trouble for the embattled Bank of England.
Headline inflation slows again but Bank set for further rate rise August 16, 2023 Inflation has fallen to 6.8 per cent thanks to energy price falls, but core inflation remains sticky
Why we might need to take inflation positivity with a grain of salt August 15, 2023 Temple Melville is forecasting dark skies for world economies as Russia squeezes vital exports, meaning crypto needs a defined role.
Grocery price inflation drops sharply to 12.7 per cent August 15, 2023 Grocery price inflation saw its second sharpest fall since 2008, falling 2.2 percentage points to 12.7 per cent for the four weeks to 6 August, new data shows. While food prices are still rising, some goods actually became cheaper, with shoppers paying £1.50 for four pints of milk, down from £1.69 in March, and a [...]
Analysis: Why record wage growth will give the Bank of England kittens – and see them raise rates again August 15, 2023 Wage growth outstripping inflation should be good news, but Bank of England wonks will fear a wage price spiral is in play
US inflation rises slightly. Will the Fed hike rates again? August 10, 2023 Inflation rose to 3.2 per cent in the year to July, according to official statistics out today, up from 3.0 per cent last month.
FTSE 100 close: London markets close in the green after US inflation print August 10, 2023 London’s markets ended higher as investors were boosted by data which suggested the US had got a firm grip on its inflation problem. The FTSE 100 index ended 0.4 per cent higher up to 7,616.38 while the mid-cap FTSE 250 index climbed 0.3 per cent to 18,986.76. Although US inflation increased slightly for the first [...]