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Inflation

Source: ONS Consumer Price Inflation, 19 August 2014 and OBR Economic and Fiscal Outlook March 2014

Inflation down, Osborne up

19 August 2014 12:08

David Cameron is back on holidays again, this time to Cornwall. He missed a trick. His economic recovery is making the pound strong and, ergo, the continent cheap for British… Continue reading

71 Comments
Image: Getty

Inflation rises – should the coalition be worried?

20 May 2014 11:23

Inflation has risen for the first time in ten months, with the consumer prices index growing by 1.8 per cent in the year to April 2014, up from 1.6 per… Continue reading

14 Comments
Bank Of England Cut Interest Rates To All Time Low

Inflation falls again

15 April 2014 10:06

Wages in the private sector are now rising faster than inflation. The latest CPI inflation figures show that it now down to 1.6 per cent, comfortably below the Bank of… Continue reading

9 Comments
Ed Miliband. Image: Getty

Today’s inflation fall means the Tories can have their interest rate cake and eat it too

25 March 2014 12:18

Today’s inflation figures bring more good news for the government. CPI inflation is now down at 1.7 per cent, the lowest rate in four years and below the Bank of… Continue reading

34 Comments
David Cameron has got into trouble over not knowing the price of value bread.

Women think that David Cameron is out of touch for good reason

1 October 2013 18:50

Well, the great breadmaking debate hots up. David Cameron neatly sidestepped the heffalump trap that Nick Ferrari put in his path in an interview on LBC when he asked him… Continue reading

83 Comments
Image: Getty

What use is a GDP recovery if living standards are stagnant?

4 September 2013 15:14

Labour had better get used to headlines of economic upgrades. There’s about two dozen major forecasters out there, and each will take a turn to say that Britain’s doing better… Continue reading

110 Comments
Image: Getty

Why the happy Tories can’t relax after Labour’s bad summer

13 August 2013 20:58

Last December, after one of the most brutal PMQs this Parliament has seen, David Cameron was walking through the corridors of the Palace of Westminster to address a 1922 Committee… Continue reading

45 Comments
Chris Bryant is in hot water over his allegations about Tesco and Next. (SEBASTIEN BOZON/AFP/Getty Images)

AUDIO: Chris Bryant’s car crash Today interview puts more pressure on Ed Miliband

12 August 2013 9:14

Listen to Chris Bryant’s disastrous interview on Today earlier today: listen to ‘Chris Bryant on immigration and employment’ on Audioboo Chris Bryant, the shadow borders and immigration minister, is under… Continue reading

57 Comments
Mark Carney has said that rates will be held until unemployment reaches 7 per cent. (JASON ALDEN/AFP/Getty Images)

Interest rates set to stay low for the foreseeable future

7 August 2013 11:20

Mark Carney made his mark this morning. Moments ago, he opened his inflation report and issued his ‘forward guidance’, which is designed to make the markets aware of his long-term plans… Continue reading

17 Comments
groceries

Inflation falls: but will voters notice?

21 May 2013 12:49

Today’s drop in inflation is good news for the government. The Consumer Prices Index grew by 2.4 per cent in the year to April 2013, down from March’s 2.8 per… Continue reading

22 Comments
Budget_2013

Matt Hancock vows to fight low pay, but fails to emphasise the importance of low inflation

27 March 2013 12:10

Matt Hancock, the business and skills minister, addressed the Resolution Foundation’s low pay debate this morning, an indication of how seriously the Tories are taking the rising cost of living.… Continue reading

10 Comments
Mark Carney's arrival at the Bank of England will have far greater significance than yesterday's Budget. Picture: Getty

Forget beer and petrol: will MPs debate monetary policy today?

21 March 2013 10:40

MPs are debating the detail of the Budget today, and will doubtless pick over some of the lines from George Osborne’s round of interviews this morning, particularly the confusion over… Continue reading

17 Comments
Labour's opposition to today's welfare bill doesn't sit well with their support of public sector pay cuts. Picture: Getty Images

Ed Balls reverses over his own progress on fiscal responsibility

8 January 2013 13:56

The battle-lines over the Welfare Benefits Up-rating Bill — which faces its second reading in the Commons this afternoon — have been drawn. Labour has tied its opposition to the… Continue reading

35 Comments
Graphic: Carla Millar

Employment has recovered from the recession, but wages haven’t

14 November 2012 15:00

Today’s employment figures don’t contain much new to shout about. The number of people in work — although it rose by 100,000 on the previous quarter — is actually down… Continue reading

25 Comments
Inflation up to 2.7%

Tuition fees push inflation back up to 2.7%

13 November 2012 10:07

After falling to 2.2 per cent in September, inflation — as measured by the Consumer Prices Index — rose to 2.7 per cent in October. On the Retail Prices Index,… Continue reading

14 Comments
Ed Davey will make a statement to the House later today on allegations of price fixing in the wholesale gas market. Image: Getty.

Government responds well to energy price fixing claims

13 November 2012 9:17

It is a busy day on the economic front, with new inflation figures (which are expected to show an increase) to be released at 9.30am and Ed Davey, the energy secretary,… Continue reading

31 Comments
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Inflation falls to 2.2%

16 October 2012 11:02

Inflation in the year (on the Consumer Prices Index) to September was 2.2 per cent, down from 2.5 per cent in August. On the Retail Prices Index, it was 2.6… Continue reading

10 Comments
Commuter Trains Are Carrying 40 Per Cent Above Their Passeneger Capacity

Fares rise brings fresh cost of living woe to Tories

14 August 2012 10:19

This morning’s announcement that the retail prices index rose to 3.2 per cent in July, up from 2.4 per cent in June, means commuters will see a 6.2 per cent… Continue reading

26 Comments
Double Olympic Champion Mo Farah Leads Delegation of British Athletes at No 10 Downing St

The hunger Games

12 August 2012 14:39

One million children at risk of starvation in Niger; global food inflation last year of approximately 6 per cent; political instability linked to food price rises; drought in the US… Continue reading

48 Comments
Bank Of England Quarterly Inflation Report News Conference

Lower inflation eases the squeeze, for now at least

8 August 2012 8:45

George Osborne might not be feeling particularly comfortable with today’s August Inflation Report from the Bank of England, as Sir Mervyn King is expected to slash the Bank’s growth forecast… Continue reading

10 Comments
TG_v121

Meryvn has his case for more QE

19 June 2012 12:45

Last Thursday Mervyn King said ‘the case for further monetary easing is growing’, and today’s surprise inflation figures give the Governor and his policymakers more leeway to introduce the next… Continue reading

16 Comments
175100

Metaphorical Merv

16 May 2012 17:56

Mervyn King unfurled a mast of metaphors this morning. ‘We are navigating through turbulent waters, with the risk of a storm heading our way from the continent,’ he said. ‘We… Continue reading

15 Comments
113610

Mervyn’s mini mea culpa

3 May 2012 17:34

The newspapers and internet today are full of headlines about Mervyn King admitting the Bank of England was ‘late to the game’, and that central bankers should have ‘shouted from… Continue reading

9 Comments
119010

QE is a government hijack, says King

23 April 2012 17:05

While Mervyn continues to inflate our universe via Quantitative Easing, another Mr King — Stephen, the chief economist of HSBC — has issued a report saying QE is a way… Continue reading

20 Comments
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Four tests for Osborne’s Budget


20 March 2012 18:03

With the Coalition taking pre-Budget briefing to new levels you’d be excused for thinking there’s little we don’t know about tomorrow’s statement. But here are four questions we can’t yet… Continue reading

7 Comments