Tag: Inflation
Budget 2021: Lowest Paid Workers to Receive Inflation-Busting Pay Rise
The upcoming Budget announcement is expected to bring good news for over a million low-income workers, as Rachel Reeves plans to increase the minimum wage by 6 percent. This inflation-busting pay rise will be...
NHS Budget Deal Faces Inflation Concerns: Is It Adequate?
Fears have been raised regarding whether the NHS budget deal will be adequate to cover the necessary reforms. The Department for Health and Social Care is expected to receive around 4 per cent, which...
Budget 2024: Inflation Hits Three-Year Low
The upcoming Budget announcement by Rachel Reeves has been highly anticipated, with speculation swirling around potential tax increases and spending cuts to address a significant public spending shortfall. With Labour warning of "tough decisions"...
Inflation Drops Below 2% Target for First Time in Three Years
UK inflation has fallen below the 2 per cent target for the first time in over three years, according to the Office for National Statistics. The consumer price index (CPI) dropped to 1.7 per...
UK Inflation Drops Below 2% for First Time in Over 3 Years
UK inflation in the United Kingdom dropped below 2% in September for the first time in three and a half years. This latest development has increased pressure on the Bank of England to consider...
Wage Growth Slows to Two-Year Low Amid Falling Unemployment
UK earnings growth has slowed down to its lowest level in over two years, while the unemployment rate has surprisingly dropped, according to recent official figures. The data revealed that the rate of unemployment...
Potential Impact of Wage Growth on Inflation Predicted by BoE Policymaker
Catherine Mann, a member of the Bank of England's Monetary Policy Committee (MPC), recently expressed concerns about the potential impact of wage growth on inflation in the UK. She warned against being complacent about...