UK Inflation

A California jury awarded $50 million to a Starbucks customer burned by hot coffee, but UK laws would make a similar payout nearly impossible—here's why.

UK shoppers are outraged over Herbal Essences reducing the size of their bottles from 400ml to 275ml while maintaining the £2 price, fuelling widespread criticism of shrinkflation practices.

The recent data showed that drivers have seen their car insurance increase by 58 per cent, on average, compared to this time last year.

With some companies closing to prioritise expansion elsewhere and others shutting their stores due to bankruptcy, the UK can expect to see a mass increase of empty store-fronts.

Jeremy Hunt says that wages will go up as prices go down next year after it was announced that the rate of inflation has decreased to 3.9 per cent.

In September, inflation stood at 6.7 per cent, as many people across the UK continue to struggle with the cost-of-living crisis.

Whilst Whitehall says the slight drop in inflation month-on-month means its policies are working, the UK still has one of the highest inflation rates in the G20.

Exploring the transformative impact of emerging trends on the intricate fabric of global politics in recent times.

Inflation in the UK fell to 7.9 per cent in June 2023 from 8.7 per cent in May, marking the lowest rate since March 2022, as reported by the Office for National Statistics.

According to price analysis by Bitget on the British pound and Bitcoin, the UK's growing inflation is giving rise to devaluing the nation's currency.

Apart from global factors, UK policy decisions have exacerbated inflation – whether post-pandemic public spending or the slow pace of interest rate hikes.

Climate and economic experts are pointing out that the systemic global and local problems behind sticky food inflation need more than just monetary approaches.

The hospitality sector in the UK is facing a significant financial crisis, with a staggering 70 per cent of businesses announcing plans to increase their prices in the coming year.

As UK CPI figures show a slight ease in inflation, businesses in the hospitality industry face a tough year ahead with food prices persistently high.

Adding to the recent wave of strike action across the UK in recent months, traffic wardens are set to strike during the King's coronation unless a pay dispute can be settled in time.

A recent report displays extreme vetting procedures from landlords and letting agents, with the rules and regulations established on the amount of information allowed to be used by a landlord referred to as "very opaque".

The recently released Oracle NetSuite study foreshadows optimistic growth for UK entrepreneurs and foreshadows a glimpse of hope for economic development.

A number of people living in the UK have moved towards smaller towns or places with higher perks and salaries.

Businesses in the UK are reinventing the way they run their organizations as industry dynamics change due to unprecedented inflation in the UK.

Tory MP Lee Anderson has come under fire for insensitive comments made in the House of Commons wherein he said that poor people use food banks because they "cannot cook properly" and "cannot budget."

Senior economist Boris Glass said the U.K. economy has foregone economic activity of £6.6 billion in each of the 10 quarters since the 2016 referendum.

The Office for National Statistics says that average weekly earnings in the three months to February rose 2.8 percent

Retail sales climb 1.1% month-on-month in November as sales of household goods jump 2.9% thanks to Black Friday sales.

Number of people in work records a second month of decline and the largest drop since the quarter between March and May 2015.

Bank of England Governor Mark Carney to write a letter to the Chancellor explaining why price growth is so far above the BoE's 2% target.

The BRC said retail sales rose 0.6% compared to a year earlier in November, following a 1% decline in October.

UK retail sales fall 0.3% year-on-year in October, recording the first decline since 2013 as weakness lingers on.

Concerns labour market might be cooling down after number of people in work records biggest drop since June 2015.

Inflation holds steady at a five-year high of 3% in October, but food prices grow a fastest pace since 2014.

The average British worker is in line to receive a 0.2% real salary increase next year, equating to a pay rise of around £4.40 per month before tax.