Rishi Sunak’s inflation pledge backfires
Mortgage costs rocket as rising prices show little sign of abating.
Inflation
Inflation describes how much prices of goods and services are increasing (if they’re decreasing, this is known as deflation). In the UK the main measure of inflation is the Consumer Prices Index. The Office for National Statistics tracks the cost of living through the prices of items in a hypothetical “basket of goods” that includes everyday products and services. Here you can find all of our latest news, analysis and comment about inflation.
Andrew Bailey must go
The Bank of England has no hope of regaining trust under its current governor.
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Sunak’s target to halve inflation is even worse than Tories think
Voters aren’t clear what it means.
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The UK’s mortgage time bomb is now ticking louder than ever
By the next election, housing will represent either a higher long-term cost or a damaged investment for almost everyone in…
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Why has the UK so far avoided recession?
Consumer spending, government support and lower energy prices have propped up growth.
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Higher UK bond yields do not prove that Liz Truss was right
Unlike his predecessor, Rishi Sunak has not lost the confidence of the markets.
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The markets are having their revenge on Rishi Sunak
Investors continue to charge a “moron premium” for the UK’s economic mismanagement.
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Welcome to the cost-of-adaptation crisis
Climate change is disrupting the food systems we rely on – and the free market offers no solutions.
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The age of greedflation
How corporate profiteering is making us poorer.
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Rebuilding industry is a mistake. The West should focus on economic alliances instead
Joe Biden’s Inflation Reduction Act is laudable, but decades of decline cannot be reversed in a single presidential term.
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We’re getting poorer at a slightly slower rate than last month
Inflation has fallen to 8.7 per cent, but prices – especially food – are still rising dangerously.
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The scourge of greedflation
A fifth of the UK is going hungry. Yet this is a crisis the political class seems unable to grasp.
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Chancellor’s adviser says Tories and Labour “lack boldness” on spending
Andy Haldane would “press pause” on interest rates and stop telling workers not to demand pay rises.
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Britain’s Brexit divisions are re-emerging
This time, inflation is the battleground.
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Opec is in a battle with Green Britain
The founder of British energy company Ecotricity says that disputing oil’s impact on inflation distracts from its true cost.
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Interest rates are fuelling a great banking rip-off
As the Bank of England tries to fight inflation, commercial banks are enjoying bumper profits.
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We are poorer – but what are our politicians doing about it?
Labour and the Conservatives promise high economic growth but have no plans equal to the scale of the task.
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Why didn’t Huw Pill point the finger at “greedflation”?
The furore over the chief economist’s comments suggests the Bank of England should be more open about the causes of…
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What the soaring price of milk tells us about Britain’s greedflation problem
Milk price inflation has risen to 38.4 per cent, driven largely by retailers' markups.
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Sunak’s misuse of statistics exposes the real “anti-maths mindset”
The last two years have seen high levels of governmental number-fudging.
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