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Evening Standard
Evening Standard
Business
City Staff

FTSE 100 Live: Unilever won’t increase GSK bid, Pearson’s first profit upgrade since 2017

The highest inflation rate in three decades today raised the chances of a February interest rate hike.

The consumer prices index rose by a bigger-than-expected 5.4% year-on-year, while the retail prices index measure still used in setting some bills reached 7.5%.

The Bank of England hiked rates in December and will be under pressure to do so again when policymakers meet next month.

Read more on the inflation figures

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