Inflation News

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Public sector workers to receive £2 billion pay rise

As one of Theresa May’s final acts in office, the Treasury is to announce a pay rise for hundreds of thousands of public sector workers.

Pressure eased on Bank of England to increase interest rates following house price growth and inflation revelations

The Bank of England has received a boost as the Office for National Statistics announced a six- year low in house price growth today, coinciding with a stable 1.9 per cent rate of inflation.

Employment at highest level since records began

Britain’s employment rate has reached its highest level since records began, according to new figures published today. The number of people in work rose by 473,000 in the last year, while the unemployment rate fell to 3.9 per cent in November-January, the lowest rate since 1975.

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