Topic filter : Inflation

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....“For example, Starbucks has announced disappointing results recently and is under threat from the growth of trendy independent coffee shops at the top end and also lower-priced, non-specialist operators such as JD Wetherspoon and Greggs. “We are also starting to see inflation outstripping wage growth, which means UK consumers will have less disposable income in the lead-up to Brexit. ... [Read full article on Guardian ]
Monday 24th of April 2017 04:33:00 PM
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....Friday's figure is a first estimate and could be revised in the coming months. Economists had been expecting GDP growth to slow as consumers reined back spending in the face of rising inflation, but they had pencilled in a higher figure of 0. ... [Read full article on BBC ]
Friday 28th of April 2017 08:32:58 AM
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....Close Brothers' Ms Curtin also pointed out that other data suggested strength in the US economy . "While investors might be disappointed with the reading, it has been a steady start to the year with inflation looking benign, a resilient jobs market and positive PMI [purchasing managers'] data. ... [Read full article on BBC ]
Friday 28th of April 2017 12:40:39 PM
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.... It said the average asking price in April surpassed a previous high of £310,471 reached in June 2016. Some economists have forecast static prices this year of 2% at most in response to a squeeze on disposable incomes from rising inflation and slowing wages growth. ... [Read full article on Guardian ]
Monday 24th of April 2017 06:00:04 AM
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....Separately, floor coverings retailer Carpetright said it had seen "tougher trading conditions" in recent months. Analysts have predicted a slowdown in consumer spending as shoppers' budgets are squeezed by rising inflation. ... [Read full article on BBC ]
Tuesday 25th of April 2017 10:47:43 AM
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....". Higher inflation, an ageing population and rising healthcare costs will continue to put pressure on the public finances, he said. ... [Read full article on BBC ]
Tuesday 25th of April 2017 09:21:26 AM
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...."Various data suggest that the latest slowdown in house prices may be part of a broader trend," said Robert Gardner, Nationwide's chief economist, noting that retail sales growth had slowed "markedly" in recent months. "Household budgets are coming under pressure, as wage growth has moderated and inflation has accelerated. ... [Read full article on BBC ]
Friday 28th of April 2017 07:25:06 AM
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. Britain’s economy cooled considerably in the first three months of the year as higher inflation put a squeeze on disposable incomes, official figures are expected to show this week. ... [Read full article on Guardian ]
Monday 24th of April 2017 06:00:04 AM
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....European Central Bank (ECB) head Mario Draghi has said the eurozone's economic recovery is "increasingly solid" and faces fewer risks. But he added that inflation in the 19-nation bloc was still not high enough to raise interest rates. ... [Read full article on BBC ]
Thursday 27th of April 2017 12:21:29 PM
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....To gauge the impact of the Brexit vote on a monthly basis, the Guardian has chosen eight economic indicators, along with the value of the pound and the performance of the FTSE. The dashboard for April shows retail sales have dropped, inflation is at its highest for more than three years, wages are falling in real terms and Britain’s trade performance has deteriorated. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 10:38:58 AM
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Friday 28th of April 2017 06:31:45 AM
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....Schlee said the pound’s fall since the Brexit vote had been a double-edged sword as it had boosted UK sales by attracting more tourists but had also forced up the cost of many ingredients. He pledged to keep price rises below inflation, despite seeing spikes in the cost of imported ingredients such as salmon, avocados and crayfish. ... [Read full article on Guardian ]
Thursday 27th of April 2017 07:01:44 PM
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....The state pension has become a key focus in the early stages of the general election campaign, with a refusal from Theresa May on Wednesday to rule out that a re-elected Conservative government would scrap the so-called “triple lock”. Under the existing system, the basic state pension increases each year by the same as average earnings, the inflation rate or 2. ... [Read full article on Guardian ]
Thursday 27th of April 2017 07:15:15 AM
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....1876 euros. The euro was helped by the latest set of eurozone inflation figures, which indicated that inflation in the 19-nation bloc rose to 1. ... [Read full article on BBC ]
Friday 28th of April 2017 11:29:13 AM
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....Theresa May is seriously considering replacing the “triple lock”, which guarantees a minimum increase in the state pension each year, with a less generous “double lock”, and spending some of the money saved on social care. The existing system guarantees that the basic state pension will increase each year by whichever is the largest of inflation, average earnings, or 2. ... [Read full article on Guardian ]
Wednesday 26th of April 2017 09:00:47 PM
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....Steve Webb, pension minister from 2010 to 2015 and now a director at mutual insurer Royal London, has proposed a "middle way" on state pension policy. Under triple lock, the state pension rises each April to match the highest of inflation, earnings, or 2. ... [Read full article on BBC ]
Sunday 30th of April 2017 02:11:29 AM
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....Under this system, the CMA has come up with an initial maximum figure for prices in each region of the UK, usually in line with the cheapest existing ppm tariff. That number is adjusted every six months, taking into account wholesale energy costs, inflation, environmental obligations and the cost of transporting energy around the network. ... [Read full article on BBC ]
Monday 24th of April 2017 11:52:31 AM
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....Inflation in the eurozone accelerated in April, returning to the European Central Bank (ECB)'s target. Initial estimates from Eurostat showed inflation in the bloc hit 1. ... [Read full article on BBC ]
Friday 28th of April 2017 10:13:23 AM
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.... It was the highest number of individual cases since the second quarter of 2014, according to the Insolvency Service, which published the figures. The rise comes at a challenging time for UK households, as incomes are squeezed by a combination of rising inflation and weak pay growth. ... [Read full article on Guardian ]
Friday 28th of April 2017 02:34:07 PM
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....6%, the weakest since June 2013. Robert Gardner, Nationwide’s chief economist, said the slowdown could reflect the broader backdrop for consumer finances, which are coming under increasing pressure from a combination of rising inflation and weak wage growth. ... [Read full article on Guardian ]
Friday 28th of April 2017 07:15:39 AM
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....The official figures add to signs that the UK economy’s resilience in the wake of the Brexit vote is now waning and will come as a blow to Theresa May’s government as it banks on a solid victory in the snap election on 8 June. Many economists expect the slowdown to continue as higher inflation dents consumer spending, a key driver for the UK economy. ... [Read full article on Guardian ]
Friday 28th of April 2017 02:33:56 PM
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. Rising inflation is taking its toll on British households, knocking consumer confidence to its lowest level since the aftermath of last summer’s Brexit vote. ... [Read full article on Guardian ]
Friday 28th of April 2017 06:01:03 AM
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....Introduced in 2011 by the coalition government, the triple lock guarantees that the basic state pension will rise by a minimum of either 2. 5%, the rate of inflation or average earnings growth, whichever is largest. ... [Read full article on Guardian ]
Thursday 27th of April 2017 01:39:07 PM
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....The chancellor, Philip Hammond, first hinted at the need to ditch many of the tax and benefit promises made by the Tories before the 2015 election in the autumn statement last year. It was Hammond who was first to say the triple lock on pensions – which links the basic state pension to whichever is the higher of earnings growth, inflation or 2. ... [Read full article on Guardian ]
Saturday 29th of April 2017 04:00:03 PM
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....”. A stronger pound could also keep a lid on rising inflation, by cutting the cost of imported goods, especially with the oil price falling last week. ... [Read full article on Daily Express ]
Sunday 23rd of April 2017 01:10:00 PM
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....” Stagnant wage growth will further squeeze property. She adds: “If the Bank of England pushes up base rates to combat rising inflation, the impact on the property market could be significant. ... [Read full article on Daily Express ]
Wednesday 26th of April 2017 12:01:00 AM
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....Now, it seems, the triple lock might not even survive until the Brexit deal is finalised, as it has been reported that Theresa May is seriously considering dropping it from the Conservative Party’s 2017 election manifesto. Introduced in 2010 by the Conservative-Lib Dem coalition, the triple lock is a guarantee that pensions will increase each year by either the same rate as inflation, average earnings growth or at least 2. ... [Read full article on Daily Express ]
Thursday 27th of April 2017 03:25:00 PM
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....The economy has slowedEconomic growth beat expectations following the Brexit vote and the UK finished 2016 as one of the fastest growing advanced economies. However, growth has slowed sharply in the opening months of this year amid signs that rising inflation is hitting consumer spending, a key driver of the British economy. ... [Read full article on Guardian ]
Saturday 29th of April 2017 03:00:02 PM
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....5%. Chris Noon, a partner at leading pensions consultancy Hymans Robertson, said linking increases to earnings growth or inflation would, over time, erode the value of the pension and push larger numbers of people into poverty on reaching retirement age. ... [Read full article on Guardian ]
Sunday 30th of April 2017 04:59:19 AM
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Latest Finance News related to Inflation

Poorest face ‘double whammy’ if Tories ditch triple lock on pensions image
....5%. Chris Noon, a partner at leading pensions consultancy Hymans Robertson, said linking increases to earnings growth or inflation would, over time, erode the value of the pension and push larger numbers of people into poverty on reaching retirement age. ...
Triple-lock: Call for pensions policy to be revamped image
Source : BBC [Read Article] Sunday 30th of April 2017 02:11:29 AM
....Steve Webb, pension minister from 2010 to 2015 and now a director at mutual insurer Royal London, has proposed a "middle way" on state pension policy. Under triple lock, the state pension rises each April to match the highest of inflation, earnings, or 2. ...
Pensioners will carry on hoarding cash if state won’t step in image
Source : Guardian [Read Article] Saturday 29th of April 2017 04:00:03 PM
....The chancellor, Philip Hammond, first hinted at the need to ditch many of the tax and benefit promises made by the Tories before the 2015 election in the autumn statement last year. It was Hammond who was first to say the triple lock on pensions – which links the basic state pension to whichever is the higher of earnings growth, inflation or 2. ...
Good and bad news from an economy in uncharted territory image
Source : Guardian [Read Article] Saturday 29th of April 2017 03:00:02 PM
....The economy has slowedEconomic growth beat expectations following the Brexit vote and the UK finished 2016 as one of the fastest growing advanced economies. However, growth has slowed sharply in the opening months of this year amid signs that rising inflation is hitting consumer spending, a key driver of the British economy. ...
Personal insolvencies soar to highest level in three years image
Source : Guardian [Read Article] Friday 28th of April 2017 02:34:07 PM
.... It was the highest number of individual cases since the second quarter of 2014, according to the Insolvency Service, which published the figures. The rise comes at a challenging time for UK households, as incomes are squeezed by a combination of rising inflation and weak pay growth. ...
UK GDP growth slower than expected as inflation bites image
Source : Guardian [Read Article] Friday 28th of April 2017 02:33:56 PM
....The official figures add to signs that the UK economy’s resilience in the wake of the Brexit vote is now waning and will come as a blow to Theresa May’s government as it banks on a solid victory in the snap election on 8 June. Many economists expect the slowdown to continue as higher inflation dents consumer spending, a key driver for the UK economy. ...
US growth rate hits three-year low image
Source : BBC [Read Article] Friday 28th of April 2017 12:40:39 PM
....Close Brothers' Ms Curtin also pointed out that other data suggested strength in the US economy . "While investors might be disappointed with the reading, it has been a steady start to the year with inflation looking benign, a resilient jobs market and positive PMI [purchasing managers'] data. ...
Barclays pulls FTSE 100 lower image
Source : BBC [Read Article] Friday 28th of April 2017 11:29:13 AM
....1876 euros. The euro was helped by the latest set of eurozone inflation figures, which indicated that inflation in the 19-nation bloc rose to 1. ...
Eurozone inflation picks up to 1.9% image
Source : BBC [Read Article] Friday 28th of April 2017 10:13:23 AM
....Inflation in the eurozone accelerated in April, returning to the European Central Bank (ECB)'s target. Initial estimates from Eurostat showed inflation in the bloc hit 1. ...
UK economy grows by 0.3% as service sector slows image
Source : BBC [Read Article] Friday 28th of April 2017 08:32:58 AM
....Friday's figure is a first estimate and could be revised in the coming months. Economists had been expecting GDP growth to slow as consumers reined back spending in the face of rising inflation, but they had pencilled in a higher figure of 0. ...
House prices fell again in April, Nationwide says image
Source : BBC [Read Article] Friday 28th of April 2017 07:25:06 AM
...."Various data suggest that the latest slowdown in house prices may be part of a broader trend," said Robert Gardner, Nationwide's chief economist, noting that retail sales growth had slowed "markedly" in recent months. "Household budgets are coming under pressure, as wage growth has moderated and inflation has accelerated. ...
UK house prices fall again in April as buyers feel the pinch image
Source : Guardian [Read Article] Friday 28th of April 2017 07:15:39 AM
....6%, the weakest since June 2013. Robert Gardner, Nationwide’s chief economist, said the slowdown could reflect the broader backdrop for consumer finances, which are coming under increasing pressure from a combination of rising inflation and weak wage growth. ...
British consumers' confidence slumps as inflation grows image
Source : Guardian [Read Article] Friday 28th of April 2017 06:01:03 AM
. Rising inflation is taking its toll on British households, knocking consumer confidence to its lowest level since the aftermath of last summer’s Brexit vote. ...
Pret a Manger tries to woo British workers as Brexit looms image
Source : Guardian [Read Article] Thursday 27th of April 2017 07:01:44 PM
....Schlee said the pound’s fall since the Brexit vote had been a double-edged sword as it had boosted UK sales by attracting more tourists but had also forced up the cost of many ingredients. He pledged to keep price rises below inflation, despite seeing spikes in the cost of imported ingredients such as salmon, avocados and crayfish. ...
Exchange rate fluctuation is MORE of a threat to expat’s pensions than losing triple lock image
....Now, it seems, the triple lock might not even survive until the Brexit deal is finalised, as it has been reported that Theresa May is seriously considering dropping it from the Conservative Party’s 2017 election manifesto. Introduced in 2010 by the Conservative-Lib Dem coalition, the triple lock is a guarantee that pensions will increase each year by either the same rate as inflation, average earnings growth or at least 2. ...
Pensions triple lock: what you need to know image
Source : Guardian [Read Article] Thursday 27th of April 2017 01:39:07 PM
....Introduced in 2011 by the coalition government, the triple lock guarantees that the basic state pension will rise by a minimum of either 2. 5%, the rate of inflation or average earnings growth, whichever is largest. ...
Eurozone recovery gathering pace, says Draghi image
Source : BBC [Read Article] Thursday 27th of April 2017 12:21:29 PM
....European Central Bank (ECB) head Mario Draghi has said the eurozone's economic recovery is "increasingly solid" and faces fewer risks. But he added that inflation in the 19-nation bloc was still not high enough to raise interest rates. ...
UK should axe state pension for rich people, says OECD image
Source : Guardian [Read Article] Thursday 27th of April 2017 07:15:15 AM
....The state pension has become a key focus in the early stages of the general election campaign, with a refusal from Theresa May on Wednesday to rule out that a re-elected Conservative government would scrap the so-called “triple lock”. Under the existing system, the basic state pension increases each year by the same as average earnings, the inflation rate or 2. ...
Theresa May weighing up cheaper 'double lock' for pensions image
Source : Guardian [Read Article] Wednesday 26th of April 2017 09:00:47 PM
....Theresa May is seriously considering replacing the “triple lock”, which guarantees a minimum increase in the state pension each year, with a less generous “double lock”, and spending some of the money saved on social care. The existing system guarantees that the basic state pension will increase each year by whichever is the largest of inflation, average earnings, or 2. ...
Millions rethink their investment plans and move away from buy-to-let property image
Source : Daily Express [Read Article] Wednesday 26th of April 2017 12:01:00 AM
....” Stagnant wage growth will further squeeze property. She adds: “If the Bank of England pushes up base rates to combat rising inflation, the impact on the property market could be significant. ...
Costa coffee owner Whitbread wary over prospects image
Source : BBC [Read Article] Tuesday 25th of April 2017 10:47:43 AM
....Separately, floor coverings retailer Carpetright said it had seen "tougher trading conditions" in recent months. Analysts have predicted a slowdown in consumer spending as shoppers' budgets are squeezed by rising inflation. ...
Brexit economy: living standards are falling as the snap election looms image
Source : Guardian [Read Article] Tuesday 25th of April 2017 10:38:58 AM
....To gauge the impact of the Brexit vote on a monthly basis, the Guardian has chosen eight economic indicators, along with the value of the pound and the performance of the FTSE. The dashboard for April shows retail sales have dropped, inflation is at its highest for more than three years, wages are falling in real terms and Britain’s trade performance has deteriorated. ...
Government deficit at lowest since financial crisis, says ONS image
Source : BBC [Read Article] Tuesday 25th of April 2017 09:21:26 AM
....". Higher inflation, an ageing population and rising healthcare costs will continue to put pressure on the public finances, he said. ...
Always fresh? Canada's Tim Hortons coffee chain steams into UK image
Source : Guardian [Read Article] Monday 24th of April 2017 04:33:00 PM
....“For example, Starbucks has announced disappointing results recently and is under threat from the growth of trendy independent coffee shops at the top end and also lower-priced, non-specialist operators such as JD Wetherspoon and Greggs. “We are also starting to see inflation outstripping wage growth, which means UK consumers will have less disposable income in the lead-up to Brexit. ...
Energy price cap image
Source : BBC [Read Article] Monday 24th of April 2017 11:52:31 AM
....Under this system, the CMA has come up with an initial maximum figure for prices in each region of the UK, usually in line with the cheapest existing ppm tariff. That number is adjusted every six months, taking into account wholesale energy costs, inflation, environmental obligations and the cost of transporting energy around the network. ...
Asking prices for homes rise to record average of £313,655 image
Source : Guardian [Read Article] Monday 24th of April 2017 06:00:04 AM
.... It said the average asking price in April surpassed a previous high of £310,471 reached in June 2016. Some economists have forecast static prices this year of 2% at most in response to a squeeze on disposable incomes from rising inflation and slowing wages growth. ...
Put just £40 a week aside to enjoy a happy retirement image
Source : Guardian [Read Article] Saturday 22nd of April 2017 06:00:06 AM
.... Future governments may let the state pension gently decline in value, and will almost certainly make you work until 70 before you get it. What’s more, investment returns may be lousy, and inflation could rise steeply. ...
‘Modest’ interest rate rise on cards, says Bank of England expert image
Source : Daily Express [Read Article] Friday 21st of April 2017 08:49:00 PM
.... . Mr Saunders, who sits on the Bank’s monetary policy committee, said inflation could hit three per cent by the end of this year while the economy could expand by two per cent. ...
UK bank launches cheapest ever mortgage rate at 0.89% but there's a MAJOR catch image
....David Hollingworth, Associate Director Communications, at L&C Mortgages, said: “It’s so hard to tell what will happen with interest rates as there are other things in the mix with an election and Brexit on the horizon. “One thing we do know is inflation is higher and that is eating into household monthly budgets. ...
Philip Hammond signals ditching of Tory 'no tax rise' pledge image
Source : Guardian [Read Article] Friday 21st of April 2017 12:58:04 PM
....7% of national income to international aid. But the prime minister did not commit her party to the so-called triple lock for pensioners, which ensures that the state pension rises by the higher of the inflation rate, average earnings or 2. ...
Biggest fall in UK retail sales in seven years image
Source : BBC [Read Article] Friday 21st of April 2017 09:24:52 AM
.... . That contraction seems to have been caused by the recent increase in inflation, with prices now increasing at almost exactly the same rate as wage rises. ...
Bank of Cyprus UK launches competitive online account paying 1.05% image
Source : Guardian [Read Article] Thursday 20th of April 2017 12:15:27 PM
....1%. The problem with all these accounts is that they are paying about half the current rate of inflation (2. ...
George Osborne: history will not be kind to a man whose flaws led to Brexit image
.... A growing economy allowed Osborne to claim that his critics were wrong and that austerity had worked. Collapsing oil prices led to falling inflation and a surge in living standards that peaked around the time of the 2015 election. ...
Reality Check image
Source : BBC [Read Article] Wednesday 19th of April 2017 01:31:06 PM
.... This year it is £11,500. That has clearly risen considerably faster than inflation, so for people paying the basic rate of income tax there has been a tax cut, while a higher proportion of low earners are not paying income tax at all. ...
How much uncertainty can business take? image
Source : BBC [Read Article] Tuesday 18th of April 2017 01:57:40 PM
....But others suggested a fresh election could distract from Brexit talks and other pressing concerns. Firms are currently grappling with a range of issues, including rising inflation and low productivity rates. ...
Food and fuel inflation 'hitting UK supply chain' image
Source : BBC [Read Article] Tuesday 18th of April 2017 11:00:38 AM
How Britain can build a successful, lasting industrial strategy image
Source : Guardian [Read Article] Sunday 16th of April 2017 10:03:01 AM
....For many years, the idea that a government of the right should have an industrial policy was heresy. The state’s role was to keep inflation and taxes low, then stay out of the way so that market forces could operate. ...
But it was spreads that put the ‘uni’ in Unilever image
Source : Guardian [Read Article] Sunday 16th of April 2017 06:00:23 AM
....Prices are rising and wages aren’t, which means that our standard of living is falling. That irritation is likely to continue for a bit, too, with economists expecting the squeeze on inflation-adjusted wages to intensify over the coming months as the weak pound affects the cost of living. ...
Falling US retail sales cast doubt on further Fed interest rate rise image
Source : Guardian [Read Article] Friday 14th of April 2017 04:34:01 PM
. Falling retail sales and lower inflation in the US have added to signs that the world’s biggest economy has lost momentum in recent months, casting doubt over how many more times the Federal Reserve will raise interest rates this year. ...
Banks cracking down on lending after borrowing binge, survey finds image
Source : Guardian [Read Article] Thursday 13th of April 2017 12:53:17 PM
....There were also signs in the survey that firms had become more nervous about investing before Brexit negotiations, with demand for corporate loans affected. The news on tighter consumer lending conditions follows signs that households have been saving less and increasingly turning to borrowing to fund big purchases, such as cars, as well as day-to-day living costs as rising inflation takes a bigger chunk out of incomes. ...
Is business starting to get spooked about Donald Trump? | Larry Elliott image
Source : Guardian [Read Article] Thursday 13th of April 2017 12:36:22 PM
....The FPC’s concern is that too much unsecured lending is going on: too much credit card debt; too many payday loans; too many cars being bought on attractive-looking finance deals. It wants lenders to be more cautious because it knows that all the conditions are in place for a credit card crash: ultra-low interest rates, a strong labour market, lenders vying with each to offer the tastiest deals and inflation rising faster than wages. ...
Surveyors get gloomy as property market stagnates image
Source : BBC [Read Article] Wednesday 12th of April 2017 11:19:32 PM
....8% in the year to February, a small rise on the previous month. However, both Nationwide and the Halifax have said that house price inflation is moderating. ...
Why dental floss and kippers explain your rising post-Brexit shopping bill image
Source : Guardian [Read Article] Wednesday 12th of April 2017 04:37:34 PM
....If your weekly shopping bills seem to be going up, even though the price of a pint of milk is holding steady, there is a good reason for that. According to industry watchdogs, British supermarkets have responded to Brexit-induced inflation and the weaker pound by quietly hiking the cost of less regular purchases such as light bulbs, water filters and dental floss. ...
Expert help for gardens on a budget, plus the older expats facing poverty image
Source : Guardian [Read Article] Wednesday 12th of April 2017 02:07:41 PM
....The older expats facing poverty – thanks to Brexit and frozen pensions. Student loan interest rate set to rise by a third after UK inflation surge. ...
Employment is high, skills are in demand. So why is pay still not rising? | Larry Elliott image
....Looking back, the spring of 2015 was the perfect time for David Cameron to fight a general election. Tumbling oil prices had left inflation at zero and after a couple of years of falling unemployment, annual wage growth was nudging 3%. ...
Living standards in UK fall for the first time since 2014 image
Source : Guardian [Read Article] Wednesday 12th of April 2017 12:14:56 PM
....3% increase in prices. Despite a fresh fall in unemployment and record job vacancies, economists expect the squeeze on real inflation-adjusted wages to intensify over the coming months as the weak pound affects the cost of living. ...
Students face sharp rise in interest on tuition loans image
Source : BBC [Read Article] Wednesday 12th of April 2017 11:02:18 AM
....Millions of students and former students in England and Wales will face a sharp increase in interest rates on tuition fees and maintenance loans. The interest rates are linked to inflation - and are set to rise by about a third from 4. ...
UK wage growth slows as higher inflation starts to bite image
Source : BBC [Read Article] Wednesday 12th of April 2017 08:39:51 AM
....The UK unemployment rate has remained at 4. 7% as inflation starts to wipe out wage growth, official figures show. ...
Tesco shares tumble despite first UK growth in seven years image
Source : Guardian [Read Article] Wednesday 12th of April 2017 06:26:58 AM
.... Within that figure, the UK business saw profit surge 60% to £803m. “We don’t welcome inflation and, when we do see it, we have conversations with our supplier base to mitigate it as much as we can,” said the chief executive, Dave Lewis, who was parachuted in to lead a turnaround of the supermarket giant in September 2014. ...
The older expats facing poverty – thanks to Brexit and frozen pensions image
Source : Guardian [Read Article] Wednesday 12th of April 2017 06:00:27 AM
....Puckridge is one of the half a million or so British people whose pensions have been frozen after moving overseas, a rule that affects many living in – among other places – British Commonwealth countries, including Australia and Canada. Those living in the EU, the US or a list of countries including Samoa, Macedonia and Puerto Rico, get pension increases in line with inflation due to various reciprocal agreements. ...
NS&I launches new market-leading investment bond with rate of 2.2 per cent image
Source : Daily Express [Read Article] Wednesday 12th of April 2017 12:01:00 AM
....But the NS&I bond is only available online which will put it out of the reach of many pensioners who count on the returns of their savings to supplement fixed income pensions. Financial experts also pointed out that its rate is below the Consumer Price Index (CPI) rate of inflation at 2. ...
Student loan interest rate set to rise by a third after UK inflation surge image
. Students appear to be paying a heavy price for the UK’s inflation surge after the Brexit vote, which will drive the interest rate on their loans up by a third to 6. ...
'Scant reward for savers!': New Government NS&I bond blasted by critics image
Source : Daily Express [Read Article] Tuesday 11th of April 2017 03:54:00 PM
.... The account can be opened with as little as £100 and up to £3,000 can be kept in the account, which is available to anyone aged over 16. However, the account doesn't beat inflation, which is currently at 2. ...
Government launches ‘market-leading’ savings account image
Source : Guardian [Read Article] Tuesday 11th of April 2017 03:25:30 PM
....2% interest has gone on sale. The new bond is likely to prove popular with savers desperate for a better return on their cash, but - in what appeared to be a slightly unfortunate bit of timing - the launch on Tuesday coincided with official confirmation that UK consumer price inflation is running at 2. ...
Savings rates turn NEGATIVE amid biting inflation with just ONE account beating rate image
....It means cash kept in almost all available saving accounts is in effect losing value. And the situation is only set to get worse in the coming months with inflation predicted to top three per cent by the end of the year. ...
UK inflation stays at three-year high of 2.3% image
Source : Guardian [Read Article] Tuesday 11th of April 2017 10:42:20 AM
. Rising food and clothing prices kept Britain’s inflation rate at its highest level for more than three years last month, putting household budgets under pressure as the Brexit effect on the pound worked its way through the economy. ...
UK house price growth 'picking up' image
Source : BBC [Read Article] Tuesday 11th of April 2017 09:33:40 AM
....According to the Nationwide, average prices fell during the month of March. And last week the Halifax said annual house price inflation was at its lowest for four years. ...
UK inflation rate remains at 2.3% image
Source : BBC [Read Article] Tuesday 11th of April 2017 08:32:36 AM
. UK inflation held steady last month, as rising prices for food and clothing were offset by lower air fares. ...
JD Sports' profits boosted by fashion for fitness wear image
Source : BBC [Read Article] Tuesday 11th of April 2017 07:22:03 AM
....Even the previously loss-making outdoor brands, Millets and Blacks, have made money for the first time since JD Sports acquired them. But the company warned of possible inflationary pressures later this year. ...
UK inflation steady at 2.3% in March - as it happened image
Source : Guardian [Read Article] Tuesday 11th of April 2017 06:32:39 AM
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UK retail sales fall again as rising living costs bite image
Source : Guardian [Read Article] Monday 10th of April 2017 11:01:12 PM
....Britain’s retailers suffered a third consecutive month of falling sales in March, according to industry figures that add to evidence that a post-referendum rise in living costs is denting consumer spending. In advance of official inflation figures on Tuesday, expected to confirm sharper price rises in the shops, the British Retail Consortium (BRC) said takings were down 1% compared with March last year. ...
Under-fire Barclays chief is probably guilty of behaving like a chump image
Source : Guardian [Read Article] Monday 10th of April 2017 11:01:12 PM
.... Three other factors also appear to be playing a part. Firstly, consumers brought forward spending into late 2016 because they anticipated that prices would go up this year as a result of the rising inflation caused by the depreciation of sterling. ...
New fiver is not so indestructible - if you know how image
Source : BBC [Read Article] Monday 10th of April 2017 11:31:24 AM
.... He received a knighthood in 2015, in part for his public outreach work. But with the Bank of England preparing to introduce yet more polymer versions of our banknotes - the £10 note is due out this September, the £20 by 2020 - Prof Poliakoff may find inflation begins to push up his lab costs. ...
Ukraine's central bank chief resigns image
Source : BBC [Read Article] Monday 10th of April 2017 10:46:19 AM
....The 52-year old is credited with allowing the local currency, the hryvnia, to find its own level, a move that saved the central bank from running out of money. However, that move, undertaken on the advice of the International Monetary Fund, also cut the value of people's savings and introduced soaring inflation. ...
Price rises and pay figures to underline Brexit strain on Britons image
Source : Guardian [Read Article] Sunday 9th of April 2017 11:01:21 PM
. Fresh details on price rises and wage growth this week are expected to underline the rising pressures on UK household budgets as the pound’s sharp fall since the Brexit vote continues to stoke inflation. ...
Are the wheels about to fall off the credit gravy train? image
Source : Guardian [Read Article] Saturday 8th of April 2017 03:00:05 PM
.... Interest-free periods for those transferring credit card balances have become longer and maximums for some personal loans have risen. But consumers are under pressure from rising inflation, low wage growth and benefit cuts. ...
Post-Brexit-vote surge for UK economy comes to an end image
Source : Guardian [Read Article] Friday 7th of April 2017 04:34:17 PM
....Now, 10 months on from the vote to leave the EU, economic indicators point to strains on companies from higher costs as the pound’s slump makes imported materials and fuels more expensive. Consumers, the main driving force of UK economic growth, are also under pressure from rising inflation, with signs they are becoming less willing to spend in shops, restaurants and bars. ...
House price growth at lowest for four years, says Halifax image
Source : BBC [Read Article] Friday 7th of April 2017 07:50:30 AM
....1% in the year to February, said the Halifax. The inflation rate is now less than a half what it was a year ago. ...
Mothercare to raise prices after pound's Brexit slide image
Source : Guardian [Read Article] Friday 7th of April 2017 06:45:25 AM
....Mark Newton Jones said the childrenswear and maternity specialist had limited price rises by striking better deals with suppliers, but with half its goods bought in dollars the retailer was not able to absorb higher sourcing costs. “From the middle of the year our selling prices will move by 3% to 5% as that inflation flows through,” he said. ...
Low interest rates put global financial sector at risk, IMF warns image
Source : Guardian [Read Article] Thursday 6th of April 2017 02:30:06 PM
.... Some economists, such as the former US treasury secretary Larry Summers, say the global economy is gripped by so-called secular stagnation, in which excessive savings and weak investment lead to weaker growth and lower interest rates. The IMF, in a chapter from its forthcoming Global Financial Stability Review, said the decline in real (inflation-adjusted) interest rates since the mid-1980s had been caused by slow-moving structural factors such as weaker growth and the desire of an ageing population to save more for their retirement. ...

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