Tom Rees

Cheaper motor fuel helped bring down UK inflation to the lowest in over a year, delivering some relief for households as new Prime Minister Andy Burnham promises to tackle the cost of living.

Only last month, Andrew Bailey again insisted quantitative tightening is here to stay. The Bank of England governor has been adamant the UK central bank needs to keep slashing its bond holdings to clear the decks for the next crisis and take interest-rate risk off its balance sheet.

The World Cup, staycations and scorching weather helped Britain’s private sector bounce back in July, though mounting tensions in the Middle East threatened to scupper the nascent rebound.

For years, economists and policymakers have scratched their heads over Britain’s inflation problem.

(Bloomberg) -- For years, economists and policymakers have scratched their heads over Britain's inflation problem. Most Read from Bloomberg

Britain’s embattled statistics bureau is hoping artificial intelligence will help alleviate an upcoming budget crunch caused by delays to the launch of a new labor market survey.

Inflation expectations among UK households have fallen close to levels seen before the Iran war despite the resurgence in global oil and gas prices.

London’s population dropped for the first time since the 1980s, excluding a brief exodus during the pandemic, in a sign people are being priced out of the UK capital.

The Bank of England kept interest rates steady at 3.75%, as UK officials sought to balance the threat from resurgent US-Iran tensions against signs that domestic price pressures are easing more quickly than predicted.

Clear blue water is emerging on the Bank of England’s rate-setting committee with its three hawks now looking increasingly stranded in their push for higher interest rates.