UK inflation rose for the first time in five months over the Christmas period, driven by higher tobacco prices following tax rises announced by the chancellor and a sharp increase in airfares, according to official figures. Data published on Wednesday by the Office for National Statistics showed that consumer priceContinue Reading

Unemployment remained stuck at a near five-year high in the run-up to Rachel Reeves’s November Budget, while wage growth continued to ease, reinforcing expectations that interest rate cuts are edging closer. Figures published on Tuesday by the Office for National Statistics showed the UK unemployment rate holding steady at 5.1Continue Reading