Pre-budget media coverage has focused on the government’s ‘fiscal headroom’ – the leeway that Chancellor Rachel Reeves has to increase spending without breaching fiscal rules. Back in October the headroom was c.£10bn (quite low vs history), but rising government borrowing cos
In February, we learned that UK consumer prices had risen by 3% over the 12 months to January, up from 2.5% in December. The Bank of England noted that inflation is making progress towards its 2% goal, allowing the Bank’s Monetary Policy Committee (MPC) to reduce
In January, we learned that consumer prices in the UK rose by 2.5% in the 12 months to December; a number that has remained consistently above the Bank of England’s 2% target since last summer and shows no signs of falling materially
In October, we learned that consumer price inflation in the UK had dropped to 1.7% in the last 12 months, down from a reading of 2.2% in both September and August.
In September, we learned that consumer prices in the UK rose by 2.2% in the 12 months to August – the same rate as we saw in July.
Emerging markets experienced a remarkable surge in September, climbing over 7% in dollar terms, marking their strongest month since November of last year.
In August, we learned that consumer prices in the UK rose by 2.2% in the 12 months to July – up from 2.0% in June.
In July, we learned that consumer prices in the UK rose by 2.0% in the 12 months to June
The world of politics took a surprising turn over the weekend, as we learnt that US President Joe Biden has
In June, we learned that consumer prices in the UK rose by 2.0% in the 12 months to May 2024
