The Latest Breaking News from Samuel Tombs

The UK’s money troubles spread from inflation and higher interest rates to sluggish productivity. But how do we compare with our European neighbours?

The new Chancellor Jeremy Hunt this morning announced he will scrap major policies planned by his predecessor Kwasi Kwarteng, in an attempt to calm rattled markets

Inflation in the United Kingdom slowed slightly in August as a drop in gasoline and diesel fuel prices gave consumers the first glimmer of hope that Britain’s cost-of-living crisis may be beginning to ease

The cost of petrol and diesel has fallen from record highs

Almost 400,000 have exited jobs market with long-term health problems since early 2020, ONS says

Analysts say manufacturing recession has begun as new orders fall amid soaring inflation and economic uncertainty

The level is higher than forecast with experts thinking it would stay below 10%

Inflation is expected to peak later this year at 13.3 per cent, the Bank of England forecasts

Inflation is expected to peak later this year at 13.3% and will push the UK into a recession, according to the Bank of England