Chancellor Rachel Reeves oversaw lower government borrowing than expected in July, official data has revealed, even as fiscal watchdogs warn of mounting pressures that could see public debt triple to …
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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Travel
London Mayor Urged to Exempt Garages from Congestion Charge Hike as Electric Vehicles Face New Fees in Major Policy Shift
by Darren SmithSadiq Khan faces mounting pressure to introduce exemptions for independent garages and professional drivers as Transport for London proposes sweeping changes to the Congestion Charge that could see electric vehicle …
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Economy
Rachel Reeves Crisis: UK Borrowing Costs Hit 27-Year High as Gilt Yields Soar to 5.57%
by Darren Smith30-year gilt yields hit 5.57 per cent as inflation fears mount and Government’s fiscal position comes under scrutiny Government borrowing costs have soared to their highest levels in 27 years, …
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More than 200 establishments shut in first half of 2025 as rising costs and slashed business rates relief devastate hospitality sector Eight pubs are closing across the UK every week …
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Travel
Rail Passengers Face ‘Outrageous’ 5.5% Fare Hike as Campaigners Slam Rip-Off Prices
by Tara WhitmanMore pain for rail passengers could be on the way, with fares set to climb another 5.5% next year – a rise campaigners have branded “outrageous” and a rip-off. Train …
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Health
Morrisons Launches Giant Biscuits and Viral-Inspired Bakery Range in Summer Sweet Treat Offensive
by Darren SmithMorrisons has unveiled an ambitious new bakery range featuring supersized versions of British biscuit classics and trendy viral-inspired treats, as the supermarket giant aims to capture sweet-toothed shoppers this summer. …
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Economy
UK Economy Grows by Stronger-Than-Expected 0.3% in Second Quarter Despite Global Headwinds
by Darren SmithBritain’s economy expanded by 0.3 per cent in the second quarter of 2025, surpassing economists’ expectations and offering a boost to Chancellor Rachel Reeves despite mounting global trade tensions. The …
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Economy
Claire’s Accessories on Brink of Collapse as UK and Ireland Operations Face Administration with 2,150 Jobs at Risk
by Tara WhitmanFashion accessories chain Claire’s is teetering on the edge of collapse after announcing it will appoint administrators for its UK and Ireland operations, placing 2,150 jobs in jeopardy as the …
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The Bank of England has cut its base interest rate from 4.25% to 4% in a narrow vote, delivering relief to mortgage holders and borrowers despite inflation rising to 3.6% …
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Morrisons has confirmed it axed 3,600 jobs and closed 17 stores as part of sweeping restructuring plans, despite the supermarket chain returning to profit for the first time since its …