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.... Footwear stores also fared well in the back-to-school shopping season. Kate Davies, a senior statistician at the ONS, said: “We are seeing strong price increases across all store types compared with a year ago, reflecting wider inflationary pressures. ... [Read full article on Guardian ]
Wednesday 20th of September 2017 12:58:06 PM
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.... But weak productivity and real wage growth persist. “The depreciation of the sterling has modestly improved export prospects but also pushed up inflation, dampening purchasing power and private consumption. ... [Read full article on Guardian ]
Wednesday 20th of September 2017 09:00:02 AM
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Latest Finance News related to Inflation

UK shoppers continue to spend despite rising prices image
Source : Guardian [Read Article] Wednesday 20th of September 2017 12:58:06 PM
.... Footwear stores also fared well in the back-to-school shopping season. Kate Davies, a senior statistician at the ONS, said: “We are seeing strong price increases across all store types compared with a year ago, reflecting wider inflationary pressures. ...
UK growth will trail Italy, France and Germany next year, says OECD image
Source : Guardian [Read Article] Wednesday 20th of September 2017 09:00:02 AM
.... But weak productivity and real wage growth persist. “The depreciation of the sterling has modestly improved export prospects but also pushed up inflation, dampening purchasing power and private consumption. ...
Cadbury staff get sweet relief from inflation with new pay deal image
Source : Guardian [Read Article] Tuesday 19th of September 2017 04:08:44 PM
. Workers at three Cadbury plants have won an inflation-linked pay deal for the next two years, bringing employees relief from the squeeze on British households amid the rising cost of living. ...
Public inquiry needed into UK's £200bn debt crisis, say senior MPs image
Source : Guardian [Read Article] Tuesday 19th of September 2017 12:50:07 PM
....The £200bn of debt amassed on credit cards, personal loans and car deals is now at the same level it reached before the 2008 financial crisis and there are fears that rises in interest rates could put more households under pressure. Mark Carney, the governor of the Bank of England, warned on Monday that interest rates were likely to rise in response to rising inflation and skills shortages brought on by Brexit that will increase pressure on wages. ...
Why central banks are not hitting their 2% inflation target | Nouriel Roubini image
Source : Guardian [Read Article] Tuesday 19th of September 2017 10:49:04 AM
....Since the summer of 2016, the global economy has been in a period of moderate expansion, with the growth rate accelerating gradually. What has not picked up, at least in the advanced economies, is inflation. ...
What's your experience of being in debt? image
Source : Guardian [Read Article] Tuesday 19th of September 2017 08:31:16 AM
....Consumer credit, which covers personal loans, credit cards and borrowing for cars, is rising at just under 10% a year, at a time when wages are falling at 0. 4% a year taking inflation into account. ...
Aldi and Lidl increase share of British shoppers as inflation hits spending image
Source : Guardian [Read Article] Tuesday 19th of September 2017 08:22:50 AM
....Aldi and Lidl account for £1 in every £8 spent in UK supermarkets, with two-thirds of British shoppers visiting the discounters over the past three months. The German chains are outpacing their bigger rivals as inflation and stagnating wages eat into families’ spare cash, prompting many to seek ways of saving money. ...
Britain's debt time​bomb: FCA urges action over £200bn crisis image
Source : Guardian [Read Article] Monday 18th of September 2017 05:34:39 PM
....Consumer credit, which covers personal loans, credit cards and borrowing for cars, is rising at just under 10% a year, at a time when wages are falling at 0. 4% a year taking inflation into account. ...
UK debt is explosive – and it only needs a spark to light the fuse | Larry Elliott image
.... In phase one, during the crisis and its immediate aftermath, appetite for debt waned markedly and households took advantage of low interest rates to pay off some of the money they had borrowed during the good times. But with higher oil prices pushing up inflation, wage growth weak and austerity biting, this meant recovery from the downturn was slow. ...
Fall in migration after Brexit could push up inflation, says Carney image
Source : Guardian [Read Article] Monday 18th of September 2017 03:36:20 PM
. A sharp fall in migrant workers coming to Britain as a consequence of Brexit could push up wages and cause a spike in inflation in the short term, according to the governor of the Bank of England. ...
What will justify an interest rate rise in November? | Richard Partington image
Source : Guardian [Read Article] Sunday 17th of September 2017 01:38:31 PM
....3tn of mortgages in the UK, and although more than half are on fixed rates, this would be the first time many homeowners have faced higher borrowing costs. That risks putting a further squeeze on households already tightening their belts as wages fail to keep pace with inflation, hurting consumption – a key driver of the UK economy. ...
How to find the best remortgage rates and beat the rise image
Source : Daily Express [Read Article] Sunday 17th of September 2017 12:34:00 PM
....”. He says inflation is rising and mortgage rates could soon follow suit: “Consider remortgaging now or risk missing out on record low rates and monthly savings. ...
Don’t dismiss bankers' predictions of a bitcoin bubble – they should know image
.... But the language is tightening around the nation’s finances. Spare capacity in the economy – unfilled jobs and unspent money – is being whittled away more quickly than previously thought and inflation is still likely to overshoot its 2% target over the next three years. ...
Mortgage alert: Interest rates will rise FOUR times by end of 2018, economists forecast  image
....Markets are now expecting the Bank of England's Monetary Policy Committee (MPC) to raise rates to 0. 5 per cent in November, when governor Mark Carney presents the inflation report. ...
Bitcoin value plummets after China orders trading in currency to cease image
Source : Guardian [Read Article] Friday 15th of September 2017 04:52:30 PM
.... The lack of any central authority makes bitcoin remarkably resilient to censorship, corruption – or regulation. That means it has attracted a range of backers, from libertarian monetarists who enjoy the idea of a currency with no inflation and no central bank, to drug dealers who like the fact that it's hard (but not impossible) to trace a bitcoin transaction back to a physical person. ...
Mortgage warning: YOUR bill could SURGE by £750 when interest rates increase, experts say image
.... But it's feared unprepared homeowners could face bill shocks. It's thought a hike could happen in November, as this is when Governor Mark Carney will also present the latest inflation report. ...
Prospect of interest rate rise sends pound back to level of Brexit result day image
....The pound’s rally was prompted by remarks from a member of the Bank’s rate-setting monetary policy committee (MPC), who had previously been regarded as one of the most dovish and most wary of a rate rise. Gertjan Vlieghe, an external member of the MPC, said: “Until recently, I thought the appropriate response of monetary policy was to be patient, given modest growth and subdued underlying inflationary pressure. ...
Northern Rock investors' compensation claim just doesn't stand up | Nils Pratley image
....The majority for doing nothing immediately on interest rates was a same-again at 7-2, but the seven would like to you know they’re jolly serious about changing their vote one of these days. They even put a date on the possible big moment – November, alongside the Bank’s next quarterly inflation report. ...
UK interest rates stay at 0.25% but Bank of England hints rise is looming image
Source : Guardian [Read Article] Thursday 14th of September 2017 01:24:03 PM
....The Bank’s monetary policy committee (MPC), which sets borrowing rates, was split, with the external economists Michael Saunders and Ian McCafferty calling for an immediate rise to 0. 5% to keep inflation in check. ...
Next softens doom and gloom forecasts despite fall in profits image
Source : Guardian [Read Article] Thursday 14th of September 2017 08:32:17 AM
.... But Wolfson said that negotiations with suppliers had brought that figure down to 4%. “Next year price inflation looks set to work its way out of the system as the effects of the one-off Brexit devaluation of the pound begin to annualise,” he said. ...
John Lewis profits halve as chairman warns over Brexit uncertainty image
Source : Guardian [Read Article] Thursday 14th of September 2017 07:20:55 AM
....John Lewis profits have more than halved amid rising prices and weaker consumer demand prompted by Brexit. In an update for the first six months of its financial year, the group, which owns Waitrose supermarkets as well as the John Lewis department store chain, said it expected the tough retail climate to continue throughout this year as UK consumers were less willing to spend money against a backdrop of higher inflation and political uncertainty. ...
Darling: Brexit would not have happened without banking crisis image
Source : Guardian [Read Article] Wednesday 13th of September 2017 12:16:45 PM
....“The banking crisis has led to a real ‘them and us’ culture,” she said. Figures released on Wednesday showed wage rises have failed to keep pace with inflation, despite a buoyant labour market in which unemployment has fallen to its lowest level since 1975. ...
UK wage rises lag behind inflation despite lowest jobless rate since 1975 image
Source : Guardian [Read Article] Wednesday 13th of September 2017 10:07:10 AM
. Wage rises in Britain have failed to keep pace with inflation, according to the latest official figures, despite a buoyant labour market that saw unemployment fall to its lowest level since 1975. ...
Britons retiring abroad to get help with living costs after Brexit image
Source : Daily Express [Read Article] Wednesday 13th of September 2017 09:49:00 AM
....James Walsh, policy specialist on EU and regulation at the Pensions and Lifetime Savings Association, said the deal is buried in joint technical notes on citizens’ rights after Brexit. “It means that British pensioners living in Spain will continue to get the same annual inflation increases they would have got in the UK. ...
Bitcoin is a fraud that will blow up, says JP Morgan boss image
Source : Guardian [Read Article] Wednesday 13th of September 2017 08:10:44 AM
.... The lack of any central authority makes bitcoin remarkably resilient to censorship, corruption – or regulation. That means it has attracted a range of backers, from libertarian monetarists who enjoy the idea of a currency with no inflation and no central bank, to drug dealers who like the fact that it's hard (but not impossible) to trace a bitcoin transaction back to a physical person. ...
More bills misery: Bills set to rocket while wages stay flat - experts image
Source : Daily Express [Read Article] Wednesday 13th of September 2017 12:01:00 AM
.... . The squeeze will intensify after yesterday’s official data showed consumer price inflation hit a four-year high of 2. ...
Murdochs' Sky bid isn't the slam dunk it looked a month ago | Nils Pratley image
Source : Guardian [Read Article] Tuesday 12th of September 2017 08:00:31 PM
....9%. Is that evidence of the stickiness of inflation? Or does it merely suggest that the effects of the post-referendum fall in sterling are taking time to wash through the system, especially in areas like clothing and footwear? Hard to say. ...
No 10 faces backlash from Labour and unions over public sector pay cap lift image
Source : Guardian [Read Article] Tuesday 12th of September 2017 12:30:45 PM
....The spokesman also announced the end of the wider 1% cap for all public sector staff in the next round of pay deals, for 2018-19, saying this would “recognise the vital contribution they make and ensures they can deliver world class public services”. The Prison Officers Association said the offered increase would amount to a real-terms pay cut, with the announcement the same day that inflation jumped to 2. ...
Cost of living surges amid warnings the Bank of England could soon hike interest rates image
....And the pound jumped following the latest cost of living figures, as the chance of the Bank of England raising interest rates appears to have increased. Higher interest rates can help keep inflation in check. ...
Pound hits one-year high as UK inflation rate jumps to 2.9% - as it happened image
Source : Guardian [Read Article] Tuesday 12th of September 2017 07:31:05 AM
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Public sector employers 'preparing to hire at fastest pace since 2015' image
Source : Guardian [Read Article] Monday 11th of September 2017 11:01:19 PM
....Average weekly earnings for public sector staff were £511 in June, compared with £506 in the private sector during the same month, according to the ONS. Meanwhile, the TUC estimates the cap has meant that some workers have lost more than £4,000 in real terms from their salary since 2010, amid rising inflation. ...
YOUR mortgage is about to rise sharply - but Bank of England says no-one listening image
Source : Daily Express [Read Article] Monday 11th of September 2017 01:17:00 PM
....Governor Mark Carney is now set to raise warnings that the decade of cheap money from low rates since the financial crisis has a limited course to run, according to reports. Bank of England policymakers think the stable economy coupled with rising inflation mean interest rates will soon need to rise, bumping up bills for homes across the country. ...
Donald Trump's 3% growth plan is only for the 1% | Kenneth Rogoff image
Source : Guardian [Read Article] Monday 11th of September 2017 01:09:01 PM
.... If policymakers raise interest rates too briskly, the result will be recession. If they raise rates too slowly, inflation could become uncomfortably high and ingrained. ...
UK green energy expensive? Not any more. From now on it's cheap image
Source : Guardian [Read Article] Monday 11th of September 2017 11:38:12 AM
....50 per megawatt hour of power generated by two new reactors at Hinkley Point C in Somerset. The price is nearly twice that of wholesale power and is goldplated by being inflation-linked and written in stone for 35 years. ...
To understand the UK's low-pay crisis, Mark Carney needs to get out more | Phillip Inman image
.... Employers are crying out for people and are poised to rip up their pay rates in favour of more generous salaries to secure the staff they need. With inflation expected to rise towards 3%, from 2. ...
Labour to force vote in Commons on scrapping public sector pay cap image
Source : Guardian [Read Article] Sunday 10th of September 2017 11:26:31 AM
....The defence secretary, Sir Michael Fallon, said last week that the government fully understood that public sector workers have taken their “share of the pain” of deficit reduction and signalled that the chancellor was looking at the issue. The Institute for Fiscal Studies has said if public sector pay were to rise in line with inflation for the next three or four years it would cost the public purse between £6bn and £7bn more than if the cap were retained. ...
Personal finance: Britons keeping calm and carrying on despite Brexit image
Source : Daily Express [Read Article] Sunday 10th of September 2017 12:01:00 AM
....Growth of 2. 6 per cent is exactly in line with the consumer price inflation rate, and younger buyers will consider this a merciful slowdown after the years of double-digit annual growth. ...
Politicians hand over power at their peril | David Kynaston image
Source : Guardian [Read Article] Saturday 9th of September 2017 11:04:20 PM
.... The move was essentially symbolic, but importantly so, and through the 1950s and 1960s monetary policy became increasingly politicised, with opportunistic chancellors often having an eye on forthcoming byelections and suchlike. By the 1970s, a decade of economic troubles and high inflation, some Conservatives were talking about giving the Bank more autonomy and thereby making it easier for it to raise interest rates if it deemed that necessary. ...
Two million UK families face £50-a-week cut in income image
Source : Guardian [Read Article] Saturday 9th of September 2017 08:30:17 PM
. More than 2 million poor families will be more than £50 a week worse off by the end of the decade, according to an alarming analysis of welfare cuts, crippling rent rises and looming inflation. ...
UK exports outside EU fall despite weak pound image
Source : Guardian [Read Article] Friday 8th of September 2017 10:42:19 AM
....The mixed signals on the economy add to the conundrum facing interest rate setters at the Bank of England as they prepare to meet on Thursday. Rising inflation, hitting 2. ...
UK economy 'treading water' as eurozone stretches ahead, says BCC image
Source : Guardian [Read Article] Friday 8th of September 2017 05:01:30 AM
....6%, driven by a moderately stronger outlook for consumer spending growth in 2017. But he said the prospect of inflation returning to 3% by the end of the year and the likelihood that it would stay above wages growth throughout 2018 meant the current strength of consumer spending would falter. ...
UK insurance payouts to shrink after U-turn on lump sum formula image
Source : Guardian [Read Article] Thursday 7th of September 2017 05:13:47 PM
....Shares in insurance companies rose on news of the Ogden reform, with Direct Line closing up more than 2%. The formula is used to calculate lump sum compensation payments to people with serious injuries, to ensure inflation does not erode the future value of a payout. ...
House prices hit record high as market shakes off Brexit doom-mongers image
Source : Daily Express [Read Article] Thursday 7th of September 2017 08:54:00 AM
....Lack of supply and low interest rates have helped to keep prices rising, even as affordability has been stretched. However, demand for homes is still weak as wage growth continues to lag behind inflation. ...
UK house prices rising amid shortage of properties, says Halifax image
Source : Guardian [Read Article] Thursday 7th of September 2017 08:42:06 AM
....The figures were surprising, as other surveys have suggested a slowdown in the housing market. Affordability is an issue as household incomes are being squeezed, with inflation outstripping wage growth, but this has been countered by low unemployment, low mortgage rates and a shortage of properties for sale. ...
Pukka tea firm vows to stay ethical as PG Tips owner takes it over image
Source : Guardian [Read Article] Thursday 7th of September 2017 08:15:55 AM
....8% in value. The value of black tea sales is rising again after five years of decline, according to trade magazine the Grocer, partly because of inflation caused by the weak value of the pound but also as people switch to upmarket brews. ...
Theresa May under growing pressure to lift public sector pay cap image
Source : Guardian [Read Article] Wednesday 6th of September 2017 11:01:44 PM
....Theresa May is facing mounting pressure from unions and Labour to lift the public sector pay cap after a day of pointed criticisms, strike calls and demonstrations around Parliament. The TUC’s leader has issued a demand for public sector workers to be given a pay rise above the rate of inflation, as thousands of nurses protested in Westminster against a policy that has led to a 14% real-terms cut in wages over the past seven years. ...
At £4.40, Surrey becomes most expensive place in UK to buy a pint image
Source : Guardian [Read Article] Wednesday 6th of September 2017 11:01:44 PM
....82. Stapley said pubs were facing a number of cost pressures, including inflation at 2. ...
Asda cuts nearly 300 jobs at its head office as part of cost-saving effort image
Source : Guardian [Read Article] Wednesday 6th of September 2017 06:39:09 PM
....8% rise in like-for-like sales in the second quarter, bringing an end to 11 consecutive quarters of deterioration. Figures were boosted by a combination of price cuts and rising inflation, and came a year after Asda reported its worst quarterly performance on record when sales tumbled by 7. ...
UK service sector growth slows as car sales fall dramatically image
Source : Guardian [Read Article] Tuesday 5th of September 2017 02:36:00 PM
....In the first half of the year the services sector, which accounts for almost 80% of economic activity, kept the UK from slipping back into recession. But a decline in real wages growth after a spike in inflation and the reluctance of households to accumulate debt at the pace seen in the first half of 2017 appeared to have hit the demand for services. ...
Factory and retail sales climb despite fears of Brexit slump image
Source : Guardian [Read Article] Monday 4th of September 2017 11:01:25 PM
....The slump in the pound – by more than 16% since the EU referendum last summer – has led to higher prices on the high street as the cost of goods imported from overseas increases on a relative basis. That has pushed inflation to 2. ...
UK construction 'flirting with recession' as Brexit uncertainty bites image
Source : Guardian [Read Article] Monday 4th of September 2017 10:14:41 AM
....The figures come after a recent slide in the value of sterling, adding pressure to the costs of UK consumers and weakening the purchasing power of businesses reliant on products from abroad. That could push inflation higher, raising pressure on the Bank of England to consider tackling the climb through the use of higher interest rates. ...
We’re addicted to debt and headed for a crash. It could be worse than 2007 | Zoe Williams image
.... It never warns employers about stagnant wages, or the government about the benefit freeze. It only ever mentions these in terms of the impact of inflation, as if any consideration of the human decisions behind them are too political for comment. ...
UK consumers' concerns about inflation 'are highest in three and a half years' image
. Worries about rising inflation among UK consumers are at their greatest in three and a half years, while people’s confidence in Britain’s financial situation has worsened, according to a survey. ...
Robots and AI can bring down pension age, says TUC image
Source : Guardian [Read Article] Sunday 3rd of September 2017 11:01:03 PM
....There are concerns that the current phase of innovation could be more damaging, while the rewards from higher productivity have not necessarily translated into higher wages. The latest available figures show low levels of unemployment unseen since the mid-1970s, but growth in real wages remains negative as inflation outstrips a sluggish earnings growth. ...
Look under the bonnet and the US economy is in for a rough ride | Phillip Inman image
.... In a report last week a senior City analyst, Albert Edwards, showed that the Trump effect is quite the opposite and much of the life has been sucked out of the American economic juggernaut in the last six months. Edwards’s chosen measure of the economy’s lifeless state is inflation, which has tumbled since the beginning of the year. ...
Why economic forecasting has always been a flawed science image
Source : Guardian [Read Article] Saturday 2nd of September 2017 06:00:07 AM
.... So if a meteorologist says it will rain, the fact that you take an umbrella out with you does not affect the weather. But if an economist forecasts that inflation will rise by 3% and we react by asking for at least a 3% rise in wages, we have changed the basis on which the forecast was made. ...
UK perfume shops hope new Chanel fragrance can mask foul sales image
Source : Guardian [Read Article] Friday 1st of September 2017 07:26:24 PM
....”. Vadera says the UK perfume market has seen low single digit growth, in value terms, over the last few years but after inflation is stripped out the underlying picture is one of flat or falling sales – although The Fragrance Shop has continued to perform strongly as it cashes in on demand for big ticket scents such as Dior Sauvage. ...
US jobs growth misses forecasts as unemployment rises image
Source : Guardian [Read Article] Friday 1st of September 2017 02:09:54 PM
....With a weaker outlook for employment, the August jobs report adds an additional problem for the Federal Reserve to consider as it weighs a further interest rate rise before the end of the year. There are still some expectations for an increase in December, although a slowing jobs market, the fallout from Harvey and low levels of inflation could build a case for maintaing the status quo. ...
Cash ISAs 2017: Savings accounts plunge amid low rates as Britons turn to investments image
....". Steven Cameron, pensions director at Aegon, added: “A combination of low interest rates and rising inflation is taking its toll, deterring savers from putting money into cash ISA savings. ...
UK manufacturing beats forecasts with strong growth in August image
Source : Guardian [Read Article] Friday 1st of September 2017 10:00:34 AM
....”. The upbeat survey could give credence to policymakers calling for the Bank of England to raise interest rates to offset higher inflation, arguing the economy is now strong enough to handle tighter monetary conditions. ...
Bank of England's talk of rate rise while winding down QE beggars belief | Phillip Inman image
....Michael Saunders surprised many when he voted in June for the Bank of England to increase interest rates. The former Citigroup economist, who joined the Bank’s nine-strong monetary policy committee (MPC) last year as one of the four external members, warned that the UK economy was performing well enough for inflation to become a challenge. ...
Popularity of cash Isas collapses in space of year image
Source : Guardian [Read Article] Thursday 31st of August 2017 04:58:49 PM
....”. Salisbury House Wealth said the interest rates offered on cash Isas were lower than inflation, “leaving savers in danger of their investments devaluing over time”. ...
Doorstep lender Morses swipes customers from troubled rival Provident image
Source : Guardian [Read Article] Thursday 31st of August 2017 01:33:07 PM
....He said Morses was attracting more customers, rather than lending larger amounts – the average balance has fallen from about £480 three years ago when he became chief executive to £450 today. Household finances in the UK have been squeezed by rising inflation and stagnating wages. ...
Bank of England policymaker urges interest rate rise image
Source : Guardian [Read Article] Thursday 31st of August 2017 08:05:11 AM
. Britain needs higher interest rates to prevent inflation from heading back towards 3% and staying there for several years, according to Michael Saunders, one of the two dissenting Bank of England rate-setters to vote for a rise earlier this month. ...
Co-op closes in on £130m Nisa takeover as Sainsbury's pauses talks image
Source : Guardian [Read Article] Wednesday 30th of August 2017 10:31:02 AM
.... The Co-op is thought to be prepared to offer up to £140m for Nisa subject to due diligence, which is expected to take about a month. Molly Johnson-Jones, senior analyst at Global Data Retail, said a Co-op acquisition of Nisa would help extend its geographical reach, improve the sourcing of products for both parties and cut costs, creating the opportunity to offset inflation currently affecting UK grocers. ...
House price fall renews concern over cooling UK economy image
Source : Guardian [Read Article] Tuesday 29th of August 2017 07:15:43 AM
....Household finances are under mounting pressure, with the cost of living rising steadily as the weak pound bites, and wage growth stagnating. Samuel Tombs, chief UK economist at the consultancy Pantheon Macroeconomics, said the slowdown in house price growth reflected the squeeze on real wages (adjusted for inflation) and the slowdown in the pace that mortgage rates are falling. ...
Pensions news: Five more years of work could BOOST retirement incomes by £50,000 image
.... . That is expected to continue to rise with rocketing life expectancy and pressure on savings because of record low interest rates and rising inflation. ...
World leaders need to take centre stage and shove central bankers into the wings image
....Investors were hopeful of a sign from Federal Reserve boss Janet Yellen and Mario Draghi, the head of the European Central Bank, to illuminate the future path of interest rates in their respective jurisdictions. Yellen is under pressure to talk up the strength of the US economy and worry out loud about the threat of inflation. ...
Slowdown in London house price growth ebbs as Bristol sees steep fall image
Source : Guardian [Read Article] Thursday 24th of August 2017 11:01:33 PM
.... Still, weaker spending power among consumers could put pressure on valuations. Howard Archer, chief economic adviser to the EY Item Club, said: “The fundamentals for house buyers are likely to remain weak over the coming months with consumers’ purchasing power continuing to be squeezed by inflation running higher than earnings growth. ...
Home insurance: Average prices for UK households 'rising at fastest rate for three years' image
....Average insurance costs rose seven per cent - more than double the 2. 6 per cent rate of inflation for the economy as a whole - in the year to July to £131. ...
UK consumer spending growing at weakest rate in nearly three years image
Source : Guardian [Read Article] Thursday 24th of August 2017 10:57:53 AM
.... Business investment in the British economy showed no growth at all in the second quarter. The slowdown in private consumption, which was worse than expected by City economists, comes as rising inflation and weaker levels of wage growth puts the squeeze on household budgets. ...

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