Eurozone interest rate cut expected; fintech Wise delivers blow to London stock market – business live

Rolling coverage of the latest economic and financial newsThe UK’s Office for National Statistics has admitted that UK inflation was overstated in April, due to an error in car tax data provided by the British government.The consumer price inflation rate was overstated by 0.1 percentage points for the year to April, the ONS reports, because of an error in the Vehicle Excise Duty (VED) data provided by the Department for Transport, which is used to calculate consumer prices inflation.“I describe our fiscal year F25 with two words: resilience and transformation.In an environment where rare challenges have become recurrent, Wizz Air has evolved structurally, embedding increased flexibility into our standard operating model. While often dismissed as ‘easier said than done,’ the past year’s events tested both our company and management. We emerged stronger, wiser, and better prepared.” Continue reading...

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