UK inflation jumps to 3%, reducing chance of early interest rate cut
Annual CPI inflation rate hit 10-month high in January in blow to ministers amid rise in food bills and fuel costs Analysis: Bank of England faces bumpier road after inflation accelerates Business live – latest updates UK inflation accelerated faster than expected at the start of this year,
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Bank of England faces bumpier road after inflation accelerates
Tough route also awaits Rachel Reeves as households reel from sharp increase in living costs UK inflation jumps to 3% Business live – latest updates Andrew Bailey had warned there would be a bump in the road. But after inflation jumped by more than expected to 3% in
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Strong wage growth gives Bank of England interest rate dilemma
Quick cuts unlikely because persistently high pay rises will probably be deemed inflationary UK pay growth rises 6% despite job loss warnings after Reeves’s budget Business live – latest updates There was a brief period when the Bank of England was poised to cut interest rates and cut
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UK pay growth rises 6% despite job loss warnings after Reeves’s budget
Unemployment rate unchanged in three months to December, while vacancies increased in January Business live – latest updates The pay of UK workers grew sharply in December and unemployment remained unchanged despite warnings from business that Rachel Reeves’s autumn budget would lead to job losses. Figures from the
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The Guardian view on Rachel Reeves’s spending cuts: a choice, not an economic necessity | Editorial
The spring statement casts austerity as unavoidable, but Labour is clinging to economic myths while ignoring the tools of power The chancellor’s spring statement arrives with the sombre tone of inevitability. Britain, we’re told, must tighten its belt. Welfare payments for the sick and disabled will be shrunk.
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Labour’s economic strategy is outdated. I can fix that | Jagjit Chadha
The last thing we need from Wednesday’s spring statement are incremental changes to tax and spending. Let’s have a clear plan Jagjit Chadha is professor of economics at Cambridge University and a former academic adviser to HM Treasury, the Bank of England and the Treasury select committee Britain
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Record £13.9 billion of R&D funding unveiled to boost innovation, jobs and growth
Funding outlined to support transformational R&D in areas like life sciences, green energy, engineering and beyond. HM GovernmentSource
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South Yorkshire kicks off £125 million plans to get Britain back to health and work
Liz Kendall visits Barnsley to unveil first of nine ‘trailblazers’ which will get people back to health and back to work, supported by £18m of £125m investment HM GovernmentSource
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Aid workers should not have to risk their lives to help those in need in Gaza: UK statement at the UN Security Council
Statement by Ambassador Barbara Woodward, UK Permanent Representative to the UN, at the UN Security Council meeting on the escalating situation in the Occupied Palestinian Territories. HM GovernmentSource
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UK economy shrinks unexpectedly in blow to Rachel Reeves
ONS data showing 0.1% fall in GDP in January comes less than two weeks before chancellor’s spring statement Analysis: Shrinking economy an unhelpful backdrop for Reeves’s growth push Business live – latest updates The UK economy contracted by 0.1% in January, dealing a blow to Rachel Reeves before
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