Firstly, interest rates here would have little impact on the global pressures that have blown up. Changing Britain’s rates would not ease global supply chain problems, for…

The new inflation figures revealed that price rises are spreading through wide swathes of the economy, led by energy costs. Diesel is up by a third in…

Barret Kupelian, PwC’s senior economist, said: “Food and energy price hikes typically act like asymmetric tax hikes on households as its users cannot materially cut back on…

With Britain’s typical household disposable income – after taxes and benefits but before housing and essentials – at £31,385 per year, or £2,615 per month, according to…

To be clear, the Chancellor could, and probably should, have gone further in his Spring Statement. The measures announced last month will undo just one-sixth of the…

Almost inevitably, economic turning points tend to be more obvious with the benefit of hindsight than they are at the time, but even the blindest of observers…

  Clothing and other items Women are feeling the squeeze most on the high street as their clothing prices rise at a faster rate. While overall clothing…

Not everyone agreed with the MPC’s decision. Deputy governor Sir Jon Cunliffe voted to keep rates on hold but, forced to choose, the Bank took the path…

Many equities indices have already entered bear market territory. Even more worrying, the spread between 10-year and two-year Treasury yields, which is a rough indication of how…

Asked about the return of bonuses for bankers, Mr Bailey said he was making an egalitarian point. Well-paid workers are more likely to be able to ask…

Reckitt said this week that inflation cost it an extra £550m last year and that while not all of that would be passed on to consumers, some…

Another long-standing price index shows even higher inflation – so, again, is severely downplayed in official data releases. RPIX – retail price index excluding mortgage interest –…

Business leaders under pressure are becoming increasingly vocal in their criticism of what they see as a high-tax Government.  Patrick Dardis, chief executive of Young’s pub chain,…

There was a minor reprieve for drivers as the cost of filling up at the petrol pump edged down in January compared with December. However, petrol prices…

Business leaders under pressure are becoming increasingly vocal in their criticism of what they see as a high-tax Government.  Patrick Dardis, chief executive of Young’s pub chain,…

Rising prices were nothing more than “taxation without legislation” according to the economist Milton Friedman, then only recently in receipt of the Nobel Prize, and it was…

Cash is king, as the saying goes, but it does have its weaknesses. It is fallible to inflation, which has jumped to a 30-year high and has…

Billions of pounds in pensions are at risk because of rising interest rates, as those nearing retirement have been shoehorned into “outdated” investments. More than £15bn in…

Inflation is being driven by a wide range of global factors, from higher energy costs to a shortage of workers in key jobs.  However, the Federal Reserve…

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