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Bigger than expected inflation jump worsens Bank of England dilemma

Bank torn between calls to cut interest rates to boost growth and need to damp down price rises UK inflation jumps higher than expected to 3.5% Business live – latest updates For households across Britain, April was an awful month. Rising energy bills, broadband costs and the sharpest

Pace of UK interest rate cuts is too rapid, Bank of England chief economist says

Huw Pill says rate cuts could fuel inflation resurgence and urges colleagues to be cautious before making further cuts Business live – latest updates The pace of UK interest rate cuts has been “too rapid” at a time when pay packet increases remain strong and could fuel a

UK inflation jumps higher than expected to 3.5% amid bills increase

Annual rise last month driven by higher payments for gas, electricity, water and transport in ‘awful April’ Analysis: Bigger-than-expected inflation jump worsens Bank of England dilemma Business live – latest updates Inflation in the UK jumped by more than expected last month to 3.5% – its highest rate

Who is calling the shots when it comes to UK wage levels: workers or bosses?

Amid apparent rising pay, economists are concerned about the consequences of a possible shift in the balance of power When Eastbourne’s refuse collectors secured a huge 11% pay rise, increasing to 19% for the lowest paid, it seemed like worker power was back. It was early 2022 and