British Inflation

UK inflation rises by 2.3% in October, again more than BOE's expectation

The increase was the biggest month-to-month rise in the annual CPI rate since October 2022

Soccer spending and discounts help UK retail sales inch up by 0.5% in July

Compared with February 2020, the last month before COVID-19 lockdowns started, sales volumes are still 0.8% lower

Britain borrows more than expected, underscoring task for new government

Public sector net borrowing, excluding state-controlled banks, was a larger-than-expected $18.75 billion last month

Dollar softens, sterling squeezes as focus turns to US inflation figures

The dollar dipped on Thursday while sterling crosses were nursing losses in holiday-thinned trade ahead of the last major data release of the year in Friday's US inflation figures

Searing inflation in the UK pushes the Pound to a near 37-year low

The currency is trading around $1.18, less than 4 US cents away from its weakest level since 1985 against the dollar, underscoring the challenges facing the British economy

More than 100,000 British workers off sick with long Covid, earnings hit

Around 110,000 British workers are off sick with long Covid symptoms, costing them £1,100 ($1,320) in lost earnings at a time of an escalating cost of living crisis, new research shows

UK inflation rises at fastest pace in 30 years on soaring energy costs

Inflation in the United Kingdom accelerated to 7% in the 12 months through March, the highest annual rate since March 1992, the Office for National Statistics said

British inflation jumps again in May, tightening squeeze on consumers

Inflation is high around world but in Britain there is extra pressure due to fall in sterling