Chancellor Rachel Reeves has come under fire after making an error in her response to the recent UK inflation rise. Her initial claim regarding wage growth was later corrected by the Treasury, forcing an embarrassing U-turn and raising concerns …
Inflation
News and analysis on inflation in the UK — including rising prices, Bank of England updates, cost of living pressures, interest rate changes, and government or political responses.
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Economy
“UK Inflation Surges to 3% – Highest in 10 Months, Raising Economic Concerns”
by Darren SmithThe United Kingdom is facing an unexpected surge in inflation, with the Consumer Prices Index (CPI) rising to 3% in January 2025, up from 2.5% in December 2024. This marks the highest …
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Brits
“State Pension Shock: Labour’s ‘Double Tax Raid’ Threatens to Undermine Triple Lock”
by Darren SmithThe state pension triple lock has long been a cornerstone of financial security for UK pensioners, ensuring that their income keeps pace with the cost of living. However, recent proposals …
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Economy
“Rachel Reeves’ Budget Sparks Crisis: UK Pubs Face Layoffs and Closures Amid Rising Costs”
by Darren SmithThe United Kingdom’s pub industry, a cornerstone of British culture and community life, is facing an unprecedented crisis. The recent budget introduced by Chancellor Rachel Reeves has imposed significant financial …
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Economy
Trump’s Tariffs to Cost UK Economy £24 Billion as Rachel Reeves Faces Economic Crisis
by Darren SmithThe United Kingdom is bracing for significant economic turmoil as U.S. President Donald Trump pushes ahead with sweeping tariffs that could wipe out an estimated £24 billion from the UK economy. The …
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Economy
“UK Economy Grows by 0.1%, But Rachel Reeves’ Fiscal Plans Face Harsh Criticism”
by Darren SmithThe UK economy has narrowly avoided a recession, posting a modest 0.1% growth in the fourth quarter of 2024. While this slight expansion has been welcomed by the government, Chancellor Rachel Reeves’ fiscal …
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U.S
“Trump Imposes 25% Tariff on Steel and Aluminum Imports, Sending Shockwaves Through Global Markets”
by Darren SmithOn February 10, 2025, President Donald Trump announced the immediate imposition of a 25% tariff on all steel and aluminum imports into the United States. This decision has elicited significant …