Five-year rates have climbed to 5.41 per cent on average, according to finance site Moneyfacts, up from 4.97 per cent at the ...

The U.K. is set to report a headline inflation of 6.9% this year, according to the OECD, marking the highest such level among ...

British Prime Minister Rishi Sunak said on Wednesday he would take personal responsibility if he fails to deliver on his ...

U.K. Prime Minister Rishi Sunak is reportedly set to appeal to strong U.S. and U.K. military ties in his meeting with ...

Britain remains on course to dodge a recession this year but growth will “flatline” as stubborn inflation and a tight jobs ...

Britain will have the highest inflation of any leading economy in 2023, according to forecasts from the Organisation for ...

The report said inflation was set to be stickier than hoped, with the best performer among the G7 is set to be the US, ...

The Bank of England raised interest rates in May from 4.25% to 4.50%. The 0.25 percentage point increase marks the 12th rise ...

UK inflation has been stubbornly high and interest rate hikes have not yet brought it in line with other advanced economies.

With inflation as high as it is, "there are benefits to having workers come in", the institute says.

Total retail sales increased by 3.9% last month, against a decline of 1.1% in May 2022, according to new data from the ...