Andrew Bailey said the Bank of England was likely still on track to cut interest rates again this year despite surging pay growth and an anticipated increase in inflation.

Grant Fitzner, chief economist at the ONS, said: "Inflation increased sharply this month to its highest annual rate since ...

The Bank of England faces a seriously tricky few months, with the prospect of further interest rate cuts endangered by stubborn inflation.

Economists polled by Reuters had pointed to a reading of 2.8% in January, the same as the Bank of England's forecast. The ...

Cornwall is the first UK county to be named a 'Living Wage Place'. It joins 17 other UK locations - primarily cities and metropolitan boroughs - including Newcastle, Cardiff, Bristol and London to be ...

LONDON (Reuters) -British inflation sped up by more than expected to hit a 10-month high of 3.0% in January and it is likely ...

Inflation in the United Kingdom jumped more than expected to hit a 10-month high of 3.0% in January, official data showed on ...

Inflation is climbing. Prices, as measured by the consumer prices index (CPI), rose from 2.5pc to 3pc in the year to January, much higher than the 2.8pc expected by the City. Economists believe ...

Inflation has hit a 10-month high, above the Bank of England’s two per cent target, official figures have shown. In the 12 ...

UK inflation rose more than expected to a 10-month high of 3 per cent in January, highlighting the challenge for the Bank of ...

Chancellor Rachel Reeves says she is working to "deliver economic growth" - but the Lib Dems criticise her "misguided ...