A surprise fall in inflation in November has raised hopes that the Bank of England will begin cutting interest rates sooner than expected. Inflation – the rate prices rise at – fell from 4.6% to 3.9% last month, the lowest…
UK economy returns to growth in April as consumer spending improves
The UK economy bounced back in April after it was boosted by stronger consumer spending in shopping and hospitality. UK gross domestic product (GDP) increased by 0.2 per cent for the month after a 0.3 per cent fall in March,…
British inflation falls to lowest level in over a year
British inflation has eased back to its lowest level since March 2022, but remained higher than expected as food prices continued to rise at a near record pace. The Office for National Statistics (ONS) said that Consumer Prices Index (CPI)…