Bank of England

UK Inflation Returns To 2% Target For First Time Since 2021

British inflation returned to its 2% target in May for the first time in nearly three years, latest data from the Office for National Statistics...

UK Shop Price Growth Back To Normal, Retailers Say

Prices in British shops rose at the slowest pace in two-and-a-half years this month, according to the British Retail Consortium, which added that the rate...

John Lewis And Co-op Latest UK Retailers To Raise Staff Pay

The John Lewis Partnership and the Co-op became the latest British retailers to increase staff pay as they react to a rise in the government-mand...

Britain's Tesco Raises Store Worker Pay By 9.1%

Tesco, Britain's biggest retailer, said it would raise store workers' hourly pay by 9.1%, in a move that reflects the increase in the government-mandated m...

UK's M&S Announces 10.1% Raise In Store Workers' Pay

British clothing and food retailer Marks & Spencer said it would give around 40,000 store workers a 10.1% pay increase from 1 April, a move that reflec...

Cautious Consumers And Cold Weather Temper UK Retail Sales Growth

British retailers reported sluggish sales in January as shoppers remained cautious about spending, according to a survey which underscored how high in...

Lower Inflation Lifts UK Consumer Sentiment To Two-Year High: GfK

British consumers are their most confident since January 2022 as lower inflation helped them to feel better about their finances, a survey showed.

UK Inflation Picks Up Unexpectedly In December After Tobacco Duty Rise

Britain's annual rate of consumer price inflation (CPI) sped up for the first time in 10 months in December following an increase in tobacco duty, increasi...