Inflation

UK shoppers rein in spending despite sales as cost of living crisis takes toll

British Retail Consortium says sales growth slowed in January amid soaring costs for energy and food

Richard Partington Economics correspondent

07, Feb, 2023 @6:00 AM

Boring can be good. How modest Clement Attlee’s unflashy ideas changed Britain

Attlee was a gifted manager, who showed it possible for modest politicians to be successful if they have decent ideas

Larry Elliott

05, Feb, 2023 @11:14 AM

Bank of England must not push interest rates too high, its chief economist says

Inflation should be back within Bank’s 2% target range by middle of 2024, Huw Pill adds

Mark Sweney

03, Feb, 2023 @1:15 PM

Interest rates rise again but Bank of England hints at a brighter future

Threadneedle Street is still expecting a recession but it is likely to be a mild one by UK standards

Larry Elliott

02, Feb, 2023 @12:55 PM

Weaker economy, higher inflation: Bank of England’s dilemma

Differing experts have urged the Monetary Policy Committee to both cut interest rates and to raise them

Larry Elliott Economics editor

02, Feb, 2023 @6:00 AM

Fed announces smallest interest hike in a year as inflation ‘eases somewhat’

Quarter-point increase to a range of 4.5% to 4.75% signals a slowdown in Fed’s fight against soaring inflation

Dominic Rushe in New York

01, Feb, 2023 @7:40 PM

The Guardian view on strikes: Sunak needs a better plan | Editorial

Editorial: The prime minister lacks the authority and popularity for a long confrontation with public sector workers

Editorial

01, Feb, 2023 @6:44 PM

The Guardian view on economics in the media: poorly communicated, poorly understood | Editorial

Editorial: Economics affects us all, yet is too often treated as an abstract field fenced in by impenetrable rules

Editorial

01, Feb, 2023 @6:43 PM

Households are clearly cutting spending as rates rise. The RBA must heed this warning | Greg Jericho

The sharp fall in retail trade is more evidence the Reserve Bank should hold off raising interest rates further

Greg Jericho

01, Feb, 2023 @2:00 PM

Wednesday briefing: A guide to the numbers behind the strikes

In today’s newsletter: With almost 500,000 workers expected to walk out today and months of industrial action ahead, here’s a look at the scale of the issue and the impact of real pay cuts

Archie Bland

01, Feb, 2023 @6:54 AM

UK supermarket price inflation hits record high, adding £788 to annual bills

Milk, eggs and dog food were grocery items with fastest price rises, figures from Kantar show

Julia Kollewe and Richard Partington

01, Feb, 2023 @12:03 AM

Britain the only G7 economy forecast to shrink in 2023

IMF says UK economy is likely to contract 0.6% as rising interest rates and higher taxes take toll