Bank of England holds rates at 5.25% amid inflation concerns
The Bank of England's Monetary Policy Committee votes 7-2 to maintain current interest rates as inflation remains stubbornly above target, despite economic slowdown signals.
Category : Search result: inflation impact
Powell Warns: High Inflation to Delay Rate Cuts
Federal Reserve Chair Jerome Powell delivers sobering testimony, indicating prolonged high interest rates as inflation proves more persistent than anticipated, sending ripples through global markets.
UK Inflation Stuck at 3.8% in August
New ONS data reveals UK inflation remained stubbornly high at 3.8% in August, dashing hopes of a drop and piling pressure on the Bank of England. We break down the key drivers and what it means for your wallet.
UK Inflation Holds Steady at 3.8% in July
UK inflation remained unchanged at 3.8% in July, defying expectations of a fall. The surprise hold puts pressure on the Bank of England and impacts household budgets amid the cost of living squeeze.
UK Inflation Plunges to 2.3%, Nearing BoE Target
In a dramatic shift, UK inflation has fallen to its lowest level in nearly three years, hitting 2.3% in April. This brings it tantalisingly close to the Bank of England's 2% target, putting a summer interest rate cut firmly on the table. Discover what thi
UK inflation holds at 3.8%, Reeves faces budget warning
UK inflation remains stubbornly high at 3.8% in September, posing significant challenges for Chancellor Rachel Reeves as she faces warnings of a £24 billion budget shortfall and tough economic decisions ahead.
Evidence Grows for Comet That Wiped Out Ancient Civilization
Groundbreaking geological research from the US points to a cosmic catastrophe that may have obliterated a lost human society and triggered a mini-Ice Age, rewriting our understanding of prehistoric history.
UK Food Inflation Could Hit 15% This Summer
Shoppers across the UK face a severe cost of living squeeze as new analysis warns grocery inflation could surge to 15% this summer, adding hundreds of pounds to annual food bills.
UK Food Inflation Soars Above Germany and Spain
Exclusive analysis reveals UK food inflation is significantly higher than in Germany, Spain, and France, placing immense strain on British households and raising questions about post-Brexit trade impacts.
New York's $475m Inflation Refund: Claim Your Payment
Thousands of New York residents are eligible for a one-off inflation refund payment from a $475 million pot. Find out if you qualify for the cash boost and how to claim it.
US Inflation Outpaces Wages, Census Data Reveals
Fresh US Census data reveals a concerning economic trend: while median household income has dipped, inflation continues to erode purchasing power, creating a financial strain for American families.
London's Food Inflation Soars to 9.6%, Outpacing UK Average
Exclusive data reveals London's food inflation is significantly higher than the UK average, with major supermarkets facing accusations of profiteering. Discover which boroughs are hardest hit and why.
UK Summer Air Fares Soar Amid Inflation Surge
Official figures show a dramatic surge in UK air fares this summer, with prices skyrocketing due to persistent inflation and soaring jet fuel costs. Discover what's driving the increase and how it's affecting holidaymakers.
UK Food Inflation Crashes to 18-Month Low
In a major relief for households, UK food inflation has dropped to its lowest level since January 2023. We break down which grocery prices are falling fastest and what it means for your weekly shop.
UK Retail Sales Crash Amid Soaring Inflation
New data reveals a sharp decline in UK retail sales, with like-for-like growth turning negative. Soaring food inflation and the cost-of-living crisis are forcing consumers to cut back severely on non-essential spending.
UK Food Inflation: The Shocking Reasons Prices Are Still High
New analysis reveals the complex mix of global and domestic factors, from climate change to Brexit, that are keeping UK food inflation stubbornly high and squeezing household budgets.
UK Inflation Rises, Halting Bank of England Rate Cuts
UK inflation unexpectedly jumped to 2.3% in July, dashing hopes for an August interest rate cut. Soaring air fares and rising clothing costs are blamed, putting the Bank of England's next move under intense scrutiny.
UK Inflation Rises to 2.5%, Dashing Rate Cut Hopes
In a fresh blow to household budgets, UK inflation rose to 2.5% in April, driven by soaring energy bills and stubborn service costs. The surprise jump dashes hopes for an imminent Bank of England interest rate cut, prolonging the cost-of-living squeeze fo
Christmas dinner costs soar due to inflation
Rising food prices are making this year's festive feast the most expensive yet, with families facing steep increases for traditional Christmas dinner staples.
Bank of England holds rates at 5.25%
The Bank of England has kept interest rates unchanged at 5.25% for the fifth consecutive meeting, as inflation remains stubbornly above target. Governor Andrew Bailey signals cautious optimism but warns of persistent risks.
AI job cuts surge across US industries
New report reveals alarming rise in AI-driven job losses across the US, with tech and customer service roles hit hardest. Experts warn of long-term economic impact.
Jellyfish swarm UK seas in unprecedented numbers
British coastlines are experiencing an unprecedented influx of jellyfish, raising concerns among marine experts and beachgoers. Scientists point to climate change and shifting ocean currents as likely culprits.
Global scramble as Trump tariffs rattle markets
Countries worldwide are racing to mitigate the economic fallout as the Trump administration imposes a fresh wave of trade tariffs, sparking fears of escalating trade wars and market instability.
Pensioners worse off under Labour: report
A new study shows that pensioners could face significant financial losses under Labour policies. Find out how retirement incomes are at risk.
Organic Wine: The Future of Sustainable Viticulture
Discover how organic wine production is transforming the viticulture industry, reducing environmental impact, and delivering exceptional quality.
Adani's Australian mine paid zero tax on $5bn exports
Despite exporting billions in coal, Adani's Carmichael mine in Australia has paid no corporate tax, raising questions about tax avoidance and environmental costs.
Sadiq Khan renews fight against Heathrow third runway
London Mayor Sadiq Khan renews opposition to Heathrow expansion, citing environmental and health concerns. Will the government listen?
Brits leave tons of inflatable waste at beaches
New report reveals shocking amounts of abandoned inflatables and plastic waste left at UK beaches, sparking environmental concerns.
Heathrow's £21bn runway plan faces scrutiny
Heathrow Airport's controversial £21bn expansion plan for a third runway is under renewed scrutiny as environmental and financial challenges mount.
Heathrow submits third runway plans
London's Heathrow Airport has submitted updated plans for its long-debated third runway, aiming to fast-track construction amid ongoing environmental concerns.
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