So far the government has borrowed 51.4 billion pounds over the first four months of the 2024/25 financial year | Photo: Pexels 3 min read Last Updated : Aug 21 2024 | 3:03 PM IST Britain’s government again borrowed more than expected last month, according to official data released on Wednesday that highlighted the...
Tag: UK inflation
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UK inflation rises 2.2%, remains slightly less than expected in July
Wednesday’s data showed that annual services price inflation fell to 5.2 per cent in July from June’s 5.7 per cent | Photo: Bloomberg 3 min read Last Updated : Aug 14 2024 | 2:20 PM IST British consumer price inflation increased for the first time this year in July, official figures showed on Wednesday,...
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Britain borrows more than expected, underscoring task for new government
The borrowing figure for June was 2.9 billion pounds higher than expected by Britain’s budget watchdog. | Photo: PTI 2 min read Last Updated : Jul 19 2024 | 1:03 PM IST Britain’s government borrowed a lot more than expected in June, according to official data published on Friday that highlighted the budget challenges...
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UK inflation stays at 2% target in June, leaving rate cut on ‘knife edge’
Some policymakers are still concerned over the scale of price rises in the crucial services sector and the pace of wage increases. Photo: Pexels 3 min read Last Updated : Jul 17 2024 | 1:17 PM IST Inflation in the UK held steady at the Bank of England’s target rate of 2 per cent...
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Rishi Sunak calls UK national election for July 4
London: British Prime Minister Rishi Sunak called a national election on Wednesday for July 4, saying Britons would be able to choose their future in a vote his Conservatives are widely expected to lose to the opposition Labour Party after 14 years in power. Ending months of speculation as to when he would call a...
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UK inflation falls to 2.3%, lowest in 3 years but still above BoE’s target
3 min read Last Updated : May 22 2024 | 5:49 PM IST Inflation in the UK fell sharply to its lowest level in nearly three years in April on the back of big declines in domestic bills, official figures showed on Wednesday. The Office for National Statistics said inflation, as measured by...