However, it means the Consumer Prices Index (CPI) - the main measure of inflation - remains stubbornly above the Bank of England’s target of 2%. The Office for National Statistics (ONS ...

Latest data from the Office for National Statistics ( ONS) showed regular earnings up 5.6% in the quarter, up from, 5.2% in the previous three months. In real terms, after taking inflation into account, that means regular pay growth rose 2.5%, the highest rate since the summer of 2001.

Inflation in the U.K. unexpectedly fell in December, a move that will likely fuel pressure on the Bank of England to cut interest rates again next month

Wage growth increased by 3.4% after taking into account inflation, driven by strong increases in the private sector.

Markets are significantly underestimating the chance that the Bank of England will have to step up the pace of cutting interest rates, Goldman Sachs has argued. Traders anticipate just two interest rate cuts this year with one more cut priced in for 2026,

The fall in the headline rate of inflation from 2.6 percent to 2.5 percent was unexpected and positive news for the Chancellor Rachel Reeves.

The U.K. economy grew at a lackluster pace of 0.1% in November, data from the Office of National Statistics showed Thursday.

The Bank of England will cut interest rates four times this year to support a flat-lining economy, economists polled by Reuters said, but they added that risks to inflation are to the upside, suggesting policymakers may end up doing less.

Alan Taylor, the most recently appointed member of the Bank's monetary policy committee (MPC) said the UK is 'in the last half mile on inflation' and called for a pre-emptive cut

Inflation unexpectedly came in below expectations in December but remains above the Bank of England's 2 per cent figure. At its peak, inflation stood at 11.1 per cent. The latest ONS figures ...

Analysis: Milder inflation has brought hope that the Bank of England may lower interest rates, saving borrowers vast sums on loans and mortgages

Inflation Eases, Tesla Soars, and Goldman Sachs Leads Bank RallyWed, 15 Jan 2025 16:59:33 GMT Recent data paint a picture of a UK economy losing steam. GDP growth recorded a standstill in Q3 2023 ...