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UK inflation falls to 3.4% - BBC News: The latest figures are due to be published at 07:00 by the Office for National Statistics.
bbc.co.uk/news/live/business-68581526
Quick Glance: UK Inflation Rate Drops to 3.4% - Lowest Level in Almost Two and a Half Years - BBC News
- The UK inflation rate fell to 3.4% for the year to February - the lowest level in almost two and a half years.
- Economists predict that inflation is likely to hit the Bank of England's target of 2% this summer.
- Cost of living is increasing while wage growth is outpacing inflation.
- Housing costs are rising faster, putting pressure on renters and homeowners.
UK interest rates: Bank boss says cuts 'on the way': The Bank of England has kept the cost of borrowing at 5.25% for the fifth time in a row.
bbc.com/news/business-68618436
Money blog: Eight major price rises next Monday - but it's not all bad news: National Price Hike Day is on Monday, with water bills, broadband ...
news.sky.com/story/money-latest-mortgage-rates-house-prices-blog-sky-news-live-13040934
The conservative case for keeping the Inflation Reduction Act: The IRA adopted a market approach for the most part, relying on a series of tax credits along with ...
thehill.com/opinion/energy-environment/4538435-the-conservative-case-for-keeping-the-inflation-reduction-act/
Vinyl records are now so hot they move UK inflation: The prices of vinyl records will feed into UK inflation statistics for the first time since 1992 ...
cnn.com/2024/03/11/business/vinyl-records-uk-inflation-basket/
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Official data confirms UK economy slipped into recession last year: Figures offer little cheer to Rishi Sunak as his Conservative party trails heavily in opinion ...
ft.com/content/f244e2af-c0aa-469e-a0c4-dab4da7a3ca7
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650,000 people face new HMRC tax raid from April and have already spent money: Hundreds of thousands of pensioners who never expected to pay income tax in ...
birminghammail.co.uk/news/cost-of-living/650000-people-face-new-hmrc-28879898
UK electricity and gas prices cap verdict is truly bizarre: 'The ruling Conservatives could through immediate bold action have done far more to mitigate the ...
heraldscotland.com/opinion/24213094.uk-electricity-gas-prices-cap-verdict-truly-bizarre/
Burnley FC defends decision to increase season ticket prices for 2024/25 campaign
burnleyexpress.net/sport/football/burnley-fc-defends-decision-to-increase-season-ticket-prices-for-202425-campaign-4571312
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UK households handed massive £3,082 boost from April: Households are being handed a boost from several different sources from April
examinerlive.co.uk/news/uk-world-news/uk-households-handed-massive-3082-28885445
BoE's Haskel says rate cuts should be 'a long way off', FT reports: Bank of England (BoE) interest-rate setter Jonathan Haskel said that rate cuts should be "a ...
reuters.com/markets/rates-bonds/boes-haskel-says-rate-cuts-are-long-way-off-ft-reports-2024-03-28/
Rising Minimum Wage Risks Stoking Inflation, Says CBI Chief: More companies than ever are worried about the consequences of Britain’s rising minimum wage ...
bloomberg.com/news/articles/2024-03-27/rising-minimum-wage-risks-stoking-inflation-says-cbi-chief
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UK public's inflation expectations fall again in March - Citi/Yougov survey shows
reuters.com/world/uk/uk-publics-inflation-expectations-fall-march-citiyougov-2024-03-28/
DWP PIP payments to increase from April - what you'll get: PIP, Universal Credit and Pension payments from the Department for Work and Pensions (DWP) are all set ...
chesterstandard.co.uk/news/24206674.dwp-pip-payments-increase-april---get/
Vodafone merger with Three could mean higher prices, says CMA: The Competition and Markets Authority is to hold a phase two investigation into the proposed ...
thetimes.co.uk/article/vodafone-merger-with-three-could-mean-higher-prices-says-cma-06r5fv07x
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UK Living Standards Advance as Wage Growth Outstrips Inflation: UK living standards continued to recover at the end of 2023 as inflation eased and workers ...
bloomberg.com/news/articles/2024-03-28/uk-living-standards-advance-as-wage-growth-outstrips-inflation
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Stock Markets Today: Fed rates, US stocks, French unemployment, UK homes, BOJ: Get up to speed with what the markets are monitoring
bloomberg.com/news/newsletters/2024-03-28/stock-markets-today-fed-rates-us-stocks-french-unemployment-uk-homes-boj
British grocery price inflation slows to 4.5%, Kantar says: UK grocery price inflation eased this month to its lowest level since February 2022 ...
reuters.com/world/uk/british-grocery-price-inflation-slows-45-kantar-says-2024-03-26/
Federal Reserve, SNB, Bank of England Interest Rate Decision Show Inflation Calm: This looks like a turning point for global monetary policy.
bloomberg.com/news/newsletters/2024-03-21/federal-reserve-snb-bank-of-england-interest-rate-decision-show-inflation-calm
Quick Glance: Swiss National Bank Surprises with Rate Cut
- The Swiss National Bank cut its main interest rate by 25 basis points to 1.50%, becoming the first major central bank to ease tighter monetary policy aimed at tackling inflation.
- The franc dropped following the decision, boosting the euro to its highest level against the Swiss currency since mid-July last year, with Swiss government bond yields also falling.
- Experts like Karsten Junius and Alexander Koch highlighted the significance of the rate cut due to low inflation rates and the strong franc, with expectations for more rate cuts.
- The decision was widely perceived as a surprise, leading to speculation about further rate cuts in June and September, as inflation forecasts were substantially revised downwards.
Deal-Seeking Britons Boost Upmarket Grocers Ocado, Waitrose: Upmarket UK grocers Ocado Group Plc and Waitrose regained market share as easing inflation gave them ...
bloomberg.com/news/articles/2024-03-26/deal-seeking-britons-boost-upmarket-grocers-as-inflation-falls
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BBC TV Licence fee to increase in days but who can still get one for free?: The cost of a TV licence is rising – here’s everything you need to know about the ...
kentonline.co.uk/news/trending/bbc-tv-licence-fee-to-increase-in-days-but-can-still-get-one-304118/
Unilever creams off specialist unit as it cuts 7,500 jobs: British consumer goods company Unilever revealed the plan as it looks to make savings of €800 million ...
euronews.com/business/2024/03/19/unilever-creams-off-ice-cream-unit-as-it-cuts-7500-jobs
Quick Glance: Unilever to Split Ice Cream Business, Cut 7,500 Jobs
- Unilever plans to separate its ice cream business, including brands like Ben & Jerry's, and intends to cut 7,500 jobs.
- The restructuring aims to boost growth, involving job cuts to achieve €800 million in cost savings over the next three years.
- Separating the ice cream business will help Unilever focus on four core businesses and avoid controversial political issues related to Ben & Jerry's.
- The targeted cost savings are expected to increase Unilever's profits, allowing the company to reinvest in research, development, and marketing to achieve mid-single digit sales growth.
Bank of England sees economy 'moving in right direction' for rate cuts: Britain's economy is moving towards the point where the Bank of England can start cutting ...
reuters.com/markets/rates-bonds/bank-england-sees-economy-moving-right-direction-rate-cuts-2024-03-21/
Expert's pension warning amid significant change in April: Pensioners are set to receive more money in their pocket from next month when pensions rise.
bournemouthecho.co.uk/news/24203368.experts-pension-warning-amid-significant-change-april/
Runaway US government debt may sink markets, slam economy: watchdogs: Ballooning government debt and soaring interest payments could trigger a UK-style market ...
businessinsider.com/us-national-debt-government-spending-stock-market-financial-crisis-economy-2024-3
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North Yorkshire Council brings in new tariff at car parks 'in line with inflation'
thescarboroughnews.co.uk/news/politics/council/north-yorkshire-council-brings-in-new-tariff-at-car-parks-in-line-with-inflation-4569124
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Interest Rate Cuts: Inflation Scare Fades as SNB Leads Way for Fed, ECB, BOE: From Zurich to London to Washington, the great inflation scare that gripped the ...
bloomberg.com/news/articles/2024-03-21/rate-cuts-latest-inflation-scare-fades-as-snb-leads-way-for-fed-ecb-boe
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AUA wage negotiations: Union announces strike: The fronts in the AUA wage negotiations have hardened. The union wants to strike on Good Friday ...
diepresse.com/18302156/aua-lohnverhandlungen-gewerkschaft-kuendigt-streik-an
Fitch upgrades UK credit rating outlook to 'stable': Fitch upgraded its credit rating for UK government debt from "negative" to "stable" Friday ...
thedailystar.net/business/news/fitch-upgrades-uk-credit-rating-outlook-stable-3573966
MP welcomes Stourbridge police base news in latest column: Wonderful news for Stourbridge last week when it was finally announced we are to have a new police ...
stourbridgenews.co.uk/news/24212888.mp-welcomes-stourbridge-police-base-news-latest-column/
STV News bulletins axed from screens as staff walk out in pay row: STV News at Six and Scotland Tonight will be affected, as will the bulletins running ...
dailyrecord.co.uk/news/scottish-news/stv-news-bulletins-axed-screens-32456310
Fakenham Town Council defends 40pc increase in council tax: Fakenham Town Council has defended its choice to raise people's council tax as it has increased in ...
edp24.co.uk/news/24192603.fakenham-town-council-defend-precept-increase-council-tax/
DWP error leaves thousands owed £6,250 in back payments: The Department for Work and Pensions (DWP) owes £500m in back pay to more than 80 ...
thenorthernecho.co.uk/news/national/uk-today/24191458.dwp-error-leaves-thousands-owed-6-250-back-payments/
Bank of England’s Andrew Bailey says rate cuts ‘in play’ in upbeat take on UK economy
ft.com/content/964d883f-4f47-4f2f-bd13-b44858efa075
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Here’s how much money you’ll get with the Inflation Reduction Act: If you're ready to electrify and want to know which Inflation Reduction Act rebates and ...
electrek.co/2024/03/27/inflation-reduction-act-calculator/
America's Massive National Debt: The Fear of the Big Shock: America's mountain of debt continues to grow. The country has to replace its government bonds with ...
faz.net/aktuell/finanzen/angst-vor-dem-liz-truss-schock-19613337.html
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Reeves criticises New Labour mistakes as she backs Hunt’s inflation plan: Shadow Chancellor says a Labour government will focus on economic growth - warning that ...
inews.co.uk/news/politics/rachel-reeves-new-labour-mistakes-jeremy-hunt-inflation-plan-2964912
Sterling steadies as survey shows businesses trim hiring and pay plans: Sterling steadied on Wednesday after a survey showed British businesses trimmed back ...
reuters.com/markets/currencies/sterling-steadies-survey-shows-businesses-trim-hiring-pay-plans-2024-03-27/
Now just get on get York's outer ring road dualled!: Now just get on get York's outer ring road dualled!
yorkpress.co.uk/news/24211355.now-just-get-get-yorks-outer-ring-road-dualled/
Waitrose and Ocado issue 3-month message and are 'only' ones to do so: Grocery price inflation in Great Britain has slowed to 4.5 per cent
birminghammail.co.uk/whats-on/shopping/waitrose-ocado-issue-three-month-28886786
Jeremy Hunt suggests the state pension triple lock is unsustainable. Is it?: Jeremy Hunt suggested that the state pension triple lock may come "under ...
cityam.com/jeremy-hunt-suggests-the-state-pension-triple-lock-could-be-on-the-way-out-is-it/
‘Stars are aligning’ for UK economy after inflation data and Bank of England rate decision
cityam.com/stars-are-aligning-for-uk-economy-after-inflation-data-and-bank-of-england-rate-decision/
UK's FTSE 100 slip as investors in 'wait and see' mode ahead of US inflation data
reuters.com/world/uk/uks-ftse-100-edges-lower-miners-drag-2024-03-26/
DWP Universal Credit payments to increase from April: More than 5 million people will see their Universal Credit payments increase by an average of £470 from ...
chesterstandard.co.uk/news/24202446.dwp-universal-credit-payments-increase-april/
Increases to on-street parking fees and permits in Yarmouth: Norfolk County Council has announced a rise in parking and permit fees across Great Yarmouth.
edp24.co.uk/news/24205194.increases-on-street-parking-fees-permits-yarmouth/
Rishi Sunak grabs inflation life raft as he bobs along in stormy blue sea, PMQs sketch
standard.co.uk/news/politics/rishi-sunak-pmqs-starmer-inflation-rwanda-nhs-clash-b1146523.html
Renewed hopes of June interest rate cut after Andrew Bailey hint: Bank of England chief has struck a more optimistic note this week
inews.co.uk/news/politics/renewed-hopes-june-interest-rate-cut-andrew-bailey-hint-2971347
As UK Inflation Eases, Use Your ISA Allowance This Tax Year: If you’re looking to save in cash, interest rates are more appealing than they have been for some ...
bloomberg.com/news/newsletters/2024-03-20/as-uk-inflation-eases-use-your-isa-allowance-this-tax-year
IMF Warns Central Banks Must Be Free of Election-Year Political Pressures: Central banks must follow through on the fight against inflation and resist political ...
bloomberg.com/news/articles/2024-03-21/imf-warns-central-banks-must-be-free-of-election-year-political-pressures
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Markets Report: A look forward to the week ahead: Investors will this week delve into additional indicators shedding light on the inflation trajectory for major ...
euronews.com/business/2024/03/25/markets-report-a-look-at-the-week-ahead
Cost of living crisis is ending and everyone has cheered up, says Tory MP Andrea Leadsom
standard.co.uk/news/politics/cost-of-living-crisis-andrea-leadsom-inflation-b1147034.html
Explainer: Businesses and politicians grow impatient as Bank of England holds rates steady
businesspost.ie/article/explainer-businesses-and-politicians-grow-impatient-as-bank-of-england-holds-rates-steady/
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Stock Markets Today: BOE policy, Apple vs DOJ, UK consumers, Japan inflation: Get up to speed with what the markets are monitoring
bloomberg.com/news/newsletters/2024-03-22/stock-markets-today-boe-policy-apple-vs-doj-uk-consumers-japan-inflation
Better moment for UK economy likely to come too late for Rishi Sunak: Prime minister has ruled out May election but households face high prices for sometime to ...
theguardian.com/business/2024/mar/24/better-moment-for-uk-economy-likely-to-come-too-late-for-rishi-sunak
Where Sunderland finished in 14 UK league tables, including on wages, jobs, poverty and air quality
sunderlandecho.com/news/where-sunderland-finished-in-14-uk-league-tables-4565339
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Bank of England set to hold interest rates as it awaits more signs on inflation: UK central bank leaving cost of borrowing at 5.25 per cent would chime with ...
ft.com/content/202fbe49-f352-4af2-bd6a-5fc36263b203
Quick Glance: Bank of England Set to Maintain Interest Rates Amid Inflation Signs
- The Bank of England is expected to keep interest rates unchanged this week as it looks for clearer signs that pay growth and services inflation are cooling sufficiently to allow for a cut in interest rates.
- Pricing in the swaps market indicates that the first downward move is likely to occur in August, with additional cuts by the end of the year.
- Steady monetary policy from the BoE, Fed, and ECB signifies that they will lower rates only when there is enough evidence of sustained inflation decline.
- The BoE continues to monitor wage growth and services price increases closely, with pressure for rate cuts expected to rise as consumer price inflation rapidly declines towards the 2 percent target.
Exactly when BBC license fee will be going up and how much more it'll cost: It's the first increase to the licence fee since April 2021
mylondon.news/news/tv/exactly-bbc-license-fee-going-28845193
UK inflation cools to 2.5-year-low to fuel BoE rate cuts debates: Consumer price inflation in the United Kingdom cooled more than expected in February ...
dailysabah.com/business/economy/uk-inflation-cools-to-25-year-low-to-fuel-boe-rate-cuts-debates
FTSE 100 dips in run-up to Fed verdict; UK inflation softens: London's FTSE 100 edged lower on Wednesday as investors remained cautious ahead of the Federal ...
reuters.com/markets/europe/ftse-100-dips-run-up-fed-verdict-uk-inflation-softens-2024-03-20/
Insurer Direct Line posts 190 mln stg loss, reinstates dividend: British motor and home insurer Direct Line posted a 189.6 million pound ($242 ...
reuters.com/business/finance/insurer-direct-line-posts-190-mln-stg-loss-reinstates-dividend-2024-03-21/
UK posts bigger budget deficit in February than expected: Britain posted a larger budget deficit than expected in February, swelled by cost-of-living payments ...
reuters.com/world/uk/uk-budget-deficit-totals-84-billion-pounds-february-2024-03-21/
UK Inflation Expectations Fall to Lowest Since BOE Hikes Began: UK inflation expectations slipped to the lowest level since summer 2021, before the Bank of ...
bloomberg.com/news/articles/2024-03-15/uk-inflation-expectations-fall-to-lowest-since-boe-hikes-began
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Rishi Sunak buoyed by inflation drop as he stages Commons fightback : UK prime minister looks to move beyond weeks of Tory party infighting at final PMQs before ...
ft.com/content/8c371942-9284-477e-b6ac-518bb912e05a
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Coup Compulsion: The Readout: Today we’re looking at: this week’s inflation data, the scheduled Bank of England decision and unhappy Tories — the holy Trinity of ...
bloomberg.com/news/newsletters/2024-03-18/coup-compulsion-the-readout
Tory MPs urge Bank of England to cut interest rates in May for election boost: There is speculation that there could be two rate cuts before the likely date of ...
inews.co.uk/news/politics/tory-mps-bank-of-england-interest-rates-may-for-election-boost-2969212
Passengers 'punished' as rail fares hiked by nearly 5%: People will decide to drive or fly as a result of increases in the cost of tickets ...
news.sky.com/story/rail-fare-hikes-punish-passengers-struggling-with-cost-of-living-13086135
Data heavy week ahead: US Fed, Bank of Japan, Bank of England to announce interest rate decisions
financialexpress.com/policy/economy-data-heavy-week-ahead-us-fed-bank-of-japan-bank-of-england-to-announce-interest-rate-decisions-3428802/
Inflation: Bank of England keeps key interest rate constant: The British central bankers are under increasing pressure to cut interest rates more quickly than ...
handelsblatt.com/finanzen/geldpolitik/inflation-bank-of-england-haelt-leitzins-konstant/100025153.html
A little economic cheer: Yesterday’s fall in inflation, faster than expected, is good news for the Prime Minister
inews.co.uk/news/politics/a-little-economic-cheer-2967367
Interest rates could come down sooner than expected: The Bank of England has voted to maintain interest rates at 5.25%
thetimes.co.uk/article/uk-interest-rates-come-down-fall-bank-of-england-zpqg2zrtv
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For sterling, the next Bank of England move is anyone's guess: Money market pricing and short-term trading signals make the idea of the first Bank of England ...
reuters.com/markets/europe/sterling-next-bank-england-move-is-anyones-guess-2024-03-19/
Industry responds to food inflation dipping to 5 percent: ONS has revealed that food and non-alcoholic beverage inflation has fallen by two percentage points to ...
newfoodmagazine.com/news/225737/industry-responds-to-food-inflation-dipping-to-5-percent/
The UK economy is climbing again – but the road ahead looks rocky: Figures may seem positive at first glance but the broader picture for UK plc is still one of ...
theguardian.com/business/2024/mar/13/the-uk-economy-is-climbing-again-but-the-road-ahead-looks-rocky
Quick Glance: UK Economy Sees Growth
- The Gross Domestic Product (GDP) in the UK increased by 0.2% in January, according to the Office for National Statistics (ONS).
- The main reason for the growth was primarily the customer-facing services industry, which expanded by 0.2% in January and constitutes a significant portion of the economy.
- The construction sector also experienced positive growth, with output increasing by 1.1% compared to the previous month.
- However, the data provided is an estimate and is subject to revision as more information becomes available for accurate analysis.
ECB Has Achieved Soft Landing for Euro Zone, Stournaras Says
bloomberg.com/news/articles/2024-03-14/ecb-has-achieved-soft-landing-for-euro-zone-stournaras-says
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Target Towns: What Grimsby's fish market can tell us about the cost of living
news.sky.com/story/target-towns-what-grimsbys-fish-market-can-tell-us-about-the-cost-of-living-13098581
London's FTSE 100 opens higher on miners' boost: The UK's FTSE 100 inched higher on Monday as metal miners rose on upbeat economic data from China ...
reuters.com/markets/europe/londons-ftse-100-opens-higher-miners-boost-2024-03-18/
Public servants set to receive 4.7% pay rise in 2024: The pay adjustment is part of a two-year wage deal that public sector trade unions accepted in April 2023 ...
dailymaverick.co.za/article/2024-03-20-public-servants-set-to-receive-4-7-pay-rise-in-2024/
This Persian New Year means disappointment for Iran's beleaguered workers: In the final weeks of winter, trade unions and workers’ rights activists are busy ...
thenationalnews.com/opinion/comment/2024/03/20/this-persian-new-year-means-disappointment-for-irans-beleaguered-workers/
Did Jeremy Hunt reduce inflation?: Inflation has fallen to 3.4 per cent, it was announced this morning. Jeremy Hunt said it was a sign that the government’s ...
spectator.co.uk/podcast/did-jeremy-hunt-reduce-inflation/
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