The Latest Breaking News on Economy

Britain’s inflation rate rose to a new 40-year high of 10.1% in July, as rising food prices tightened a cost-of-living squeeze fueled by soaring energy prices

The increase was largely down to food prices and staples including toilet rolls and toothbrushes, the Office for National Statistics said.

Analysis: While chancellor says unemployment has rarely been lower, Bank of England predicts recession will push up jobless rate

More than 40 per cent of single people say they are now more inclined to pick modest date location to avoid bill panic

Real pay continues to be outstripped by soaring inflation amid a continuing cost of living crisis

Boris Johnson is on his second holiday in a fortnight as Brits are facing a deepening cost of living crisis. Between April and June, regular pay slumped by 3% when taking skyrocketing inflation into account, according to official statistics.

UK wages adjusted for inflation decline at fastest rate in 20 years, while job vacancies fall, as average annual grocery bill is set to jump by £533 to £5,128

Millions hit by sharpest fall in real-term wages in two decades

The London lifestyle seems to be particularly prone to cost of living hikes with rents and mortgage bills