trump inflation top trumps tariff deal tariffs trade tax reeves

UK inflation rise makes it clear: the cost of living crisis has not gone away

Analysts say pressure will be on Bank to keep interest rates higher for longer, as consumers’ mood stays gloomyUK inflation rises unexpectedly to 3.6%Business live – latest updatesFor anyone hoping the Bank of England will pick up the pace of interest rate cuts – including Rachel Reeves – there was little comfort in the inflation data.The consumer prices index increased at a higher than expected rate of 3.6% in June, the Office for National Statistics (ONS) revealed. Continue reading...

Comments

Similar News

HMRC does not know how many billionaires pay tax in the UK, MPs claim

about 7 hours ago

UK inflation unexpectedly rises to highest since January 2024 on food and transport prices – business live

about 8 hours ago

UK inflation rate rises again in new cost of living blow - how it affects you

about 9 hours ago

UK inflation unexpectedly rose to 3.6% in June

about 9 hours ago

UK inflation hits highest for almost a year and a half

about 9 hours ago

American visits Sainsbury's and 'can't comprehend' UK vs US differences

about 10 hours ago

HMRC 'doesn't know' how many billionaires pay tax in the UK

about 12 hours ago

HMRC does not know how many billionaires pay tax in UK – report

about 15 hours ago

UK taskforce calls for disability training for all airline and airport staff

about 15 hours ago

Trump to 'refine trade deal' with UK

about 15 hours ago

What is a wealth tax and would it work in the UK?

about 22 hours ago

Reeves unveils City strategy aimed at cutting red tape and fuelling UK growth

about 22 hours ago

DWP makes major Universal Credit change with UK households given £725 boost

about 22 hours ago

Climate groups call for UK wealth tax to make super-rich fund sustainable economy

about 24 hours ago

Top Tech: Sky launches UK's 'fastest broadband' with huge 5Gbps fibre upgrade

'I'm Canadian living in UK – supermarkets here are cheaper but there's big downside'

Fashion chain Claire’s shops around for buyer of UK arm

Full list of six new Wetherspoon branches opening in the UK - is there one in your town?

Mansion House glitz cannot hide the stark realities for the UK economy

Get in gear for driving from the UK to mainland Europe

Business News

Four people bailed after arrests over cyber attacks on M&S, Co-op and Harrods

Four people bailed after arrests over cyber attacks on M&S, Co-op and Harrods

about 1 hour ago

Diageo’s boss Debra Crew steps down by ‘mutual agreement’ after two years

Diageo’s boss Debra Crew steps down by ‘mutual agreement’ after two years

about 1 hour ago

The Collective founder opens "festival inspired" wellness club in Shoreditch

Evening Standard

The Collective founder opens "festival inspired" wellness club in Shoreditch

about 1 hour ago

Diageo’s boss Debra Crew steps down by ‘mutual agreement’ after two years

Evening Standard

Diageo’s boss Debra Crew steps down by ‘mutual agreement’ after two years

about 1 hour ago

Plant milks ‘not nutritionally equivalent’ to cows’ milk – expert review

Evening Standard

Plant milks ‘not nutritionally equivalent’ to cows’ milk – expert review

about 1 hour ago

Tesla Enters India at Last, Navigating High Tariffs and Trade Tensions

Tesla Enters India at Last, Navigating High Tariffs and Trade Tensions

about 1 hour ago

How Trump could use a building renovation to oust Fed Chair Powell

How Trump could use a building renovation to oust Fed Chair Powell

about 1 hour ago

Goldman Sachs posts $3.72B profit as bank’s traders cash in

Goldman Sachs posts $3.72B profit as bank’s traders cash in

about 1 hour ago

Mapped: Where £100m of Premium Bond prizes remain unclaimed

Mapped: Where £100m of Premium Bond prizes remain unclaimed

about 2 hours ago

Swinney accuses Reeves of ‘channelling Thatcher’ with financial reforms

Evening Standard

Swinney accuses Reeves of ‘channelling Thatcher’ with financial reforms

about 3 hours ago

Where inflation jumped in June – and where it eased

Evening Standard

Where inflation jumped in June – and where it eased

about 3 hours ago

What is inflation? UK rate increases unexpectedly to 3.6%

Evening Standard

What is inflation? UK rate increases unexpectedly to 3.6%

about 3 hours ago

Annual house price inflation accelerating but rental price growth cooling – ONS

Evening Standard

Annual house price inflation accelerating but rental price growth cooling – ONS

about 3 hours ago

Workspace braces for more large firms to ditch London office spaces

Evening Standard

Workspace braces for more large firms to ditch London office spaces

about 3 hours ago

Asda fined £640,000 for selling out-of-date food

Evening Standard

Asda fined £640,000 for selling out-of-date food

about 3 hours ago

Nissan to close flagship factory with 3,900 workers to cut costs

Nissan to close flagship factory with 3,900 workers to cut costs

about 3 hours ago

Bridging loans forecast to hit £12 billion in 2025

Bridging loans forecast to hit £12 billion in 2025

about 3 hours ago

Why bridging loans can help boost new-build profits

Why bridging loans can help boost new-build profits

about 3 hours ago

The £200 billion landbank that could boost the UK’s housing supply

The £200 billion landbank that could boost the UK’s housing supply

about 3 hours ago

What does a buoyant market mean for property developers?

What does a buoyant market mean for property developers?

about 3 hours ago

Delivering nationwide maintenance solutions with speed, quality and trust

Delivering nationwide maintenance solutions with speed, quality and trust

about 3 hours ago

Swinney accuses Reeves of ‘channelling Thatcher’ with financial reforms

Swinney accuses Reeves of ‘channelling Thatcher’ with financial reforms

about 3 hours ago

The smarter vehicle tech that’s keeping British fleets safer on the road

The smarter vehicle tech that’s keeping British fleets safer on the road

about 3 hours ago

The most innovative sustainable packaging is here

The most innovative sustainable packaging is here

about 3 hours ago

Skin cancer peaks in summer – so why is early detection still an afterthought?

Skin cancer peaks in summer – so why is early detection still an afterthought?

about 3 hours ago

Where inflation jumped in June – and where it eased

Where inflation jumped in June – and where it eased

about 3 hours ago

Voices: Inflation has delivered a nasty shock – but don’t panic just yet...

Voices: Inflation has delivered a nasty shock – but don’t panic just yet...

about 3 hours ago

Workspace braces for more large firms to ditch London office spaces

Workspace braces for more large firms to ditch London office spaces

about 3 hours ago

Why the North needs a headstart to tackle the housing shortage

Why the North needs a headstart to tackle the housing shortage

about 3 hours ago

Growing use of bridging loans to prevent residential collapse

Growing use of bridging loans to prevent residential collapse

about 3 hours ago

Edmunds three-row hybrid SUV test: Kia Sorento vs Toyota Highlander

Edmunds three-row hybrid SUV test: Kia Sorento vs Toyota Highlander

about 3 hours ago

Central City Assn. says businesses need help to bounce back from raids and tariffs

Central City Assn. says businesses need help to bounce back from raids and tariffs

about 3 hours ago

Lifetime ISA vs personal pension: Which is better for higher retirement income?

Lifetime ISA vs personal pension: Which is better for higher retirement income?

about 3 hours ago

Annual house price inflation accelerating but rental price growth cooling – ONS

Annual house price inflation accelerating but rental price growth cooling – ONS

about 3 hours ago

Asda fined £640,000 for selling out-of-date food

Evening Standard

Asda fined £640,000 for selling out-of-date food

about 5 hours ago

Why has inflation risen unexpectedly and what does it mean for households?

Evening Standard

Why has inflation risen unexpectedly and what does it mean for households?

about 5 hours ago

The Mayor's new congestion charge for electric vans is a penalty for going green

Evening Standard

The Mayor's new congestion charge for electric vans is a penalty for going green

about 5 hours ago

Labubu doll maker says profits set to soar 350%

Labubu doll maker says profits set to soar 350%

about 5 hours ago

Asian shares are mixed after Nvidia nudges Nasdaq to a record, while other US stocks slump

Asian shares are mixed after Nvidia nudges Nasdaq to a record, while other US stocks slump

about 5 hours ago

Barclays fined £42m by watchdog over money laundering checks

Evening Standard

Barclays fined £42m by watchdog over money laundering checks

about 6 hours ago

Bloomsbury profits on track amid strong Sarah J Maas sales

Evening Standard

Bloomsbury profits on track amid strong Sarah J Maas sales

about 6 hours ago

Bloomsbury profits on track amid strong Sarah J Maas sales

Bloomsbury profits on track amid strong Sarah J Maas sales

about 6 hours ago

Labubu doll maker says profits set to soar 350%

Labubu doll maker says profits set to soar 350%

about 6 hours ago

Barclays fined £42m by watchdog over money laundering checks

Barclays fined £42m by watchdog over money laundering checks

about 6 hours ago

France, UK and Germany to restore Iran sanctions if no progress on a deal

France, UK and Germany to restore Iran sanctions if no progress on a deal

about 6 hours ago

Will interest rates be cut in August? The key factors for the Bank of England and 2025 predictions

Will interest rates be cut in August? The key factors for the Bank of England and 2025 predictions

about 7 hours ago

How rising inflation impacts your mortgage and savings

How rising inflation impacts your mortgage and savings

about 7 hours ago

HMRC does not know how many billionaires pay tax in the UK, MPs claim

HMRC does not know how many billionaires pay tax in the UK, MPs claim

about 7 hours ago

Households face new squeeze as June inflation unexpectedly jumps to 3.6%

Evening Standard

Households face new squeeze as June inflation unexpectedly jumps to 3.6%

about 8 hours ago

Inflation jumps to highest level for nearly 18 months as food prices rise again

Evening Standard

Inflation jumps to highest level for nearly 18 months as food prices rise again

about 8 hours ago

FTSE 100 Live 16 July: Inflation rate tops forecasts, index seen lower

Evening Standard

FTSE 100 Live 16 July: Inflation rate tops forecasts, index seen lower

about 8 hours ago

Tesla debuts in India with a whopping $79,000 Model Y variant

Tesla debuts in India with a whopping $79,000 Model Y variant

about 8 hours ago

Reeves accused of own goal as inflation jumps

Reeves accused of own goal as inflation jumps

about 9 hours ago

Universal Credit claims under review by DWP for ‘incorrect payments’

Universal Credit claims under review by DWP for ‘incorrect payments’

about 9 hours ago

Quarter of women have ‘never heard of’ crucial retirement income method

Quarter of women have ‘never heard of’ crucial retirement income method

about 9 hours ago

UK inflation rate rises again in new cost of living blow - how it affects you

UK inflation rate rises again in new cost of living blow - how it affects you

about 9 hours ago

Elon Musk's xAI is willing to pay up to $440k if you're an engineer who can make anime girl avatars

Elon Musk's xAI is willing to pay up to $440k if you're an engineer who can make anime girl avatars

about 9 hours ago

Russian officials say they aren't worried about Trump's 50-day tariff ultimatum

Russian officials say they aren't worried about Trump's 50-day tariff ultimatum

about 9 hours ago

White House AI czar says resuming Nvidia's chip sales to China is all about capping Huawei's growth

White House AI czar says resuming Nvidia's chip sales to China is all about capping Huawei's growth

about 9 hours ago

Stripe's CEO says he loves asking AI questions — but it falls short in another area

Stripe's CEO says he loves asking AI questions — but it falls short in another area

about 9 hours ago