Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Search results

1-10 results from 1000 for query «inflation»

December 4, 2018 10:18 AM Carney warns no-deal could see 10% shopping bill hike

The Bank of England governor set out his view of the expected impact of crashing out of the EU without a withdrawal agreement as he appeared before MPs on the Treasury select committee. Food prices would be expected to see a sharp one-off rise as the impact of new tariff barriers and a plunge in the pound takes effect, he said. "In the most extreme scenario 97

November 28, 2018 9:01 PM 'We've heard it all before!' Farage tears apart Carney's 'CATASTROPHIC' Brexit forecasts

NIGEL Farage was quick to dismantle the latest Brexit impact forecasts from the Bank of England, with the MEP mocking Governor Mark Carney and his team for being unable to "predict what's going to happen next Thursday." The Bank of England on Wednesday published its latest analysis of the effects Brexit could have on the British economy. The report has suggested 46

November 14, 2018 9:31 AM Inflation stalls as clothing prices fall

Economists had been expecting the consumer prices index (CPI) measure of inflation to edge up to 2.5% as household utility bills and petrol prices climbed. But instead, CPI remained steady, according to the figures from the Office for National Statistics (ONS) - meaning a little more spending power for households to add to the boost from the uptick in wage growth 90

November 13, 2018 10:12 AM Wages show fastest rise in almost a decade

Compared with a year earlier, wages excluding bonuses, rose by 3.2% - the biggest rise since the end of 2008 and up slightly on the previous quarter. However, the ONS warned that real wage growth was below the 2015 level. The unemployment total went up for the first time this year, rising by 21,000 in the same period to 1.38 million. Adjusting for inflation 53

November 13, 2018 9:32 AM Unemployment climbs while wage growth improves

Joblessness climbed from 4% to 4.1% as the number of people classed as unemployed rose by 21,000 to 1.38 million, the Office for National Statistics (ONS) said. But the rate was still close to 43-year lows while those in work saw further improvements in their pay packets as average weekly earnings - excluding bonuses - rose by 3.2%. That was up from 3.1% recorded 86

October 30, 2018 1:00 PM Budget 2018: A bit of a gamble, says IFS

The Budget has been branded "a bit of a gamble" by a respected economic research group. The chancellor was able to promise more spending in his budget after forecasts for tax collection were raised, the Institute for Fiscal Studies said. But those forecasts could easily change for the worse, leaving the chancellor in a tight spot, the IFS said. The IFS also warned 51

September 17, 2018 8:13 PM Turkish lira crisis: Lira PLUNGES as president Erdogan escalates row with banking sector

THE Turkish lira has been plunged into crisis again after president Recep Tayyip Erdogan escalated his dispute with Turkey’s banking sector, by calling for an investigation into links with members of the opposition. Last week concerns from investors were eased by the Central Bank of the Republic of Turkey’s surprise decision to increase its key interest 55

August 14, 2018 10:05 PM Rail fares rises: Grayling pleads with unions and train firms

The rail industry should change how it calculates fare rises and staff wages to cut costs for passengers, Transport Secretary Chris Grayling has said. He has asked train operators and unions to use a different, lower, inflation measure to set pay and fare increases. The RMT union said it opposed Mr Grayling's call - made hours before January's rail fare rise is announced 50

August 12, 2018 3:18 PM Russia SHUNS US dollar for trade as it joins Turkey in protest against Trump

RUSSIA has announced it will shun the US dollar for trade as the nation joined forces with Turkey in protest of punishing sanctions hiked by Donald Trump. Moscow declared it will decrease its holdings of US assets in retaliation against crippling tariffs imposed by US President Mr Trump on Russia and Turkey. Chillingly, Prime Minister Dmitry Medvedev 70

August 8, 2018 4:48 AM Price of average semi soars £3k in month to hit new record high

The average cost of a three-bedroom semi-detached home rose 3.3 per cent to a new record £230,280 in the year to July, as low unemployment and rising wages boosted the market. House price infation is now at its highest level since last November, the latest data from the Halifax showed. The pace of the rise has confounded many economists, who had expected 46