Inflation holds steady at 3.8%

Inflation remains stuck at 3.8 per cent in August, highlighting the “sustained nature of UK price pressure”.The latest data from the Office for National Statistics found the consumer price index rose by 3.8 per cent in the 12 months to August 2025. This marks the same level as was reported in July. Food inflation increasing to 5.1 per cent in …

UK inflation unexpectedly rises to 3.6% for June

Increases from 3.4% in May UK inflation rose to 3.6% in June, according to data from the Office for National Statistics, up from 3.4% in May. This figure came in above expectations from economists polled by Reuters, who had forecast the UK Consumer Prices Index (CPI) would remain unchanged from last the previous month.  Month-on-month, alcohol and tobacco saw a significant …

Bank of England reduces interest rates to 4.75%

Industry experts predict further reductions in the months ahead but say the Budget may slow the pace of future cuts. The Bank of England’s Monetary Policy Committee has voted 8–1 to reduce Bank Rate from 5% to 4.75%. One member preferred to maintain Bank Rate at 5%. The MPC last reduced interest rates from 5.25% to 5% in August, the …

UK inflation slides to 2.3%

Inflation fell sharply to a near three-year low in April thanks largely to lower energy prices, according to the Office for National Statistics. UK inflation has fallen sharply to its lowest level in nearly three years. According to the Office for National Statistics (ONS), consumer price index (CPI) inflation fell to 2.3% in April from 3.2% in March. Cooler energy …

UK economy exits recession on Q1 GDP growth

UK’s gross domestic product grew by 0.6% between January and March. The UK has exited a short-lived technical recession after official figures showed better-than-expected growth in the first quarter. GDP increased by 0.6% between January and March, according to data from the Office for National Statistics (ONS), beating some economists’ expectations of a 0.4% lift. The rise – an estimate …