UK inflation

Britain’s inflation rate rose to a 41-year high in October, fueling demands for the government to do more to ease the nation’s cost-of-living crisis when it releases new tax and spending plans Thursday.Consumer prices jumped 11.1% in the…

In a bid to control the rising inflation in the United Kingdom, the Bank of England has hiked the interest rate to 3% from the existing 2.25%. This is the highest-ever rise in interest rate in 33 years. The country’s central bank has also…

Over 2 million households in the United Kingdom are in debt while 1.85 millions were behind on their gas bills as the island nation battles skyrocketing energy bills, Guardian reported.Stating that the bills have doubled in the year at a…

LONDON: British prime minister Liz Trussfaces a House of Commons grilling Wednesday from a hostile opposition — and her own furious Conservative Party — as she tries to fend off calls to quit over her botched economic plan. Truss is set to…

Soaring food prices drove UK inflation back into double digits in September, adding to pressure on the government and central bank to act.The Consumer Prices Index rose 10.1% last month from 9.9% the month before, the Office for National…

The Bank of England on Friday said it had decided to postpone a meeting on interest rates due next Thursday by one week following the death of Queen Elizabeth II."In light of the period of national mourning now being observed in the United…

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<!-- -->UK inflation could top 22% next year if natural gas prices remain elevated in the coming months, Goldman Sachs Group Inc. warned.The prediction is the latest startling forecast for the severity of the crisis that's unfolding…

<!-- -->Thousands of workers walked out on Thursday and are expected to on Saturday as well.London: London's transport network will grind to a halt on Friday as tube and bus workers strike over pay and conditions, the latest in a…

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