Britons are facing the biggest fall in wages since 2009, official figures have shown. After CPIH inflation (9.1 percent), real pay including bonuses fell three percent while regular pay excluding bonuses fell 2.3 percent. CPIH extends CPI to include a measure of
The Consumer Price Index (CPI) inflation rate for the 12 months to March 2023 dropped to five percent, according to official figures. This is a decline from six percent in February 2023 and is the slowest pace for price rises since 2021.
The International Monetary Fund (IMF) has warned Chancellor Jeremy Hunt that placating striking doctors and teachers could have a damaging effect on the UK economy. With junior doctors currently in the middle of an unprecedented four-day strike, the British Medical Association pushing for
The Italian government on Tuesday cut its economic growth forecast for next year, taking into account the negative impact of rising interest rates, the effects of the war in Ukraine and localized crises in the international banking and financial system. BIRTH RATE
Egypt’s Central Bank said it raised interest rates on Thursday as the embattled Middle Eastern country continues to battle surging inflation and a depreciating currency. In an online statement, the bank’s monetary policy committee said the most basic lending rate, the overnight
Governor of the Bank of England Andrew Bailey has blamed rising inflation and interest rates on people retiring early. Mr Bailey said a sharp decline in the workforce was “part of the reason” why he had to raise the interest rate for
Reducing inflation must be the top priority for Jeremy Hunt in next week’s Budget, say eight in 10 people. Tackling soaring prices is a major concern for households across Britain and is seen as key to restoring prosperity. And 78 per cent
A year after the war in Ukraine began, the cost of putting food on the table in Europe is higher than ever before. However, out of a selection of peer countries, the prices charged by UK retailers are lower than most on the
The National Farmers’ Union President has opened up about the myriad of problems Britain’s farmers are facing. NFU President Minette Batters gave a stark warning to the Government after Sir Keir Starmer urged for more “sustainable food production”, stating empty supermarkets will only carry on
Mexico’s inflation rate rose in January to 7.91%, leading the country’s central bank to boost its principle interest rate to 11% on Thursday. ANNUAL INFLATION RATE IN EGYPT REACHES NEW HIGH AS CURRENCY SURGES The Bank of Mexico said inflation was not