Fears of economic slowdown mean Bank of England less likely to intervene to dampen inflationCoronavirus – latest updatesSee all our coronavirus coverageNew restrictions to limit the spread of the Omicron variant will delay an interest rate increase fro…
UK shoppers face biggest price rises in over 30 years this Christmas
Empty shelves and shortages caused higher spending in November according to retailersShoppers face the biggest price rises in over 30 years this Christmas after fears of widespread shortages sent people rushing to the shops this month.According to a su…
Petrol retailers warn of record prices at UK pumps within days; inflation dips – business live
Rolling coverage of the latest economic and financial newsLatest: Petrol prices on brink of record, says PRAPensions set to rise 3.1% next year after inflation dataFacebook fined £50m by CMAIntroduction: UK inflation dipped to 3.1% in September, but st…
Why September’s dip in UK inflation may be a false dawn
Analysis: Covid support schemes have distorted official data and experts fear inflation will resume its ascentUK inflation falls despite supply crisis and rising petrol pricesCoronavirus – latest updatesJust when everyone was preparing for a stratosphe…
Bank official warns of early interest rate rise as Kraft Heinz puts up prices
Baked beans maker is latest firm to talk of food price rises, as inflationary pressures mountA Bank of England policymaker has warned households to get ready for “significantly earlier” interest rate rises as inflation pressures mount, and Kraft Heinz …
Fears for 1 million furloughed staff with Sunak set to finally end scheme
After the success of the chancellors’s £70bn programme, there is uncertainty about the future direction of the economyThe biggest state intervention in the UK’s labour market in peacetime comes to an end this week when the government finally winds up i…
Inflation is poised to top 4%: is the Bank of England asleep at the wheel?
Analysis: Threadneedle Street is adopting a wait and see policy and keeping interest rates unchangedHigher energy prices will send the annual inflation rate above 4% by the end of the year and keep it there well into 2022. On the face of things, the Ba…
Bank of England warns energy price surge will push inflation over 4%– business live
Inflation expected to rise ‘slightly over 4%’ in the final quarter of this year, as energy and goods prices surgeLatest: Bank predicts CPI inflation will rise over 4%MPC leaves rates on hold, but two policymakers want to end QE earlyBank says case for …
Halfords bike business suffers supply chain disruption; Delta variant fears hit markets – business live
Rolling coverage of the latest economic and financial newsIntroduction: Halfords says supply chain disruption hurting bike businessFactory constraints, transport disruption and staff shortages citedEuropean markets fall as amid slowdown worriesAmazon U…
Extinction Rebellion protesters break bail terms for City protest
Environmental demonstrators disobey orders to stay away from London financial district Dozens of Extinction Rebellion activists have carried out a mass act of non-violent civil disobedience by breaking bail conditions ordering them to stay away from th…