Surprise inflation fall casts doubt on Bank of England’s interest rate path December 20, 2023 According to new figures out this morning, the headline rate of inflation fell to 3.9 per cent, its lowest level in two years.
London leads the way as UK house prices drop again December 20, 2023 House prices fell by 1.2 per cent in October, widening from the 0.6 per cent fall recorded in the prior month, according to the latest reading from the ONS. Buyers who purchased a home in October paid £3,000 less compared to customers in the exact same period last year. During the month the North East [...]
Shares in banks and housing firms rise on sharp inflation slowdown December 20, 2023 Shares in banks and housebuilders jumped on Wednesday morning after fresh inflation data came in lower than expected, boosting hopes for interest rate cuts in the first half of next year.
Inflation falls to 3.9 per cent as lower food and petrol prices ease pressure on Bank of England December 20, 2023 The data comes amid continuing debate about when the Bank of England will start cutting interest rates.
Wage growth expected to continue in 2024 as employees hold all the cards December 20, 2023 Looking ahead into next year, Sheila Attwood, XpertHR senior content manager, data and HR insights, said wage growth would ease - but only slightly.
Risk of high inflation ‘clearly more costly’ than squeezing demand, Bank MPC member warns December 19, 2023 "Given what we know now, I can say that it will be important for monetary policy to be restrictive for an extended period in order to return inflation sustainably to the two per cent target in the medium-term," she said.
Sadiq Khan plans to hike London council tax bills by 8.6 per cent December 19, 2023 Sadiq Khan has unveiled plans to hike Londoners’ council tax bills by almost £40 as he prepares to stand for a record reelection to a third term in office.
Pimco boss: UK risks ‘hard landing’ as consumers feel the pinch from higher rates December 19, 2023 UK faces a "higher probability of more significant economic deterioration" than US
‘Too little, too late’: Council funding to rise by £4bn December 19, 2023 Funding for English councils will rise by 6.5 per cent - or £4bn - but authorities say the cash fails to address the “severe problems” facing local government.
Britain’s farms must clean up their act, but they need more help December 19, 2023 It may not be glamorous, but cleaning up our farms - while supporting our farmers - is imperative for our climate goals, writes Adam Hawksbee