UK inflation drops but food price rises remain close to 45-year high – business live
Rolling, live coverage of business, economics and financial markets as analysts expect drop in consumer price index inflation Rachel Reeves, Labour’s shadow chancellor, is focusing on food prices (as did her Conservative counterpart). But it is the core inflation number that is catching the eye of many analysts. Continue reading…
Hopes rise that UK might avoid recession after services sector rebound
Pound edges up as stronger economic growth increases chances of further interest rate rises A rebound across the UK’s services sector in February has raised hopes that the country might avoid recession in the first half of this year. Analysts said the bigger than expected surge in business activity appeared to show that the UK […]