Retail sales increased 1.4% in March, greater than expected
Retail sales were expected to increase 1.2% in March, according to the Dow Jones consensus.
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Good news on UK inflation may be short-lived amid trade war and rising household bills
Worsening global outlook makes ‘gradual and careful’ approach on interest rates by Bank of England more difficult
- UK inflation falls to 2.6%, increasing pressure on Bank to cut interest rates
- Business live – latest updates
Cooling inflation, resilient wage growth, and an economy outperforming expectations. After the turmoil since Donald Trump’s “liberation day”, there are some signs that Britain entered the crisis in reasonable shape.
The trouble is, the good news is unlikely to last long. The bigger-than-expected decline in inflation to 2.6% in March will come as a welcome reprieve for hard-pressed households. But it is a snapshot from a rear-view mirror, on an increasingly rocky journey.
UK inflation falls to 2.6%, increasing pressure on Bank to cut interest rates
March annual rate comes before expected rise because of household bills going up this month
- Analysis: Good news on UK inflation may be short-lived amid trade war and rising household bills
- Business live – latest updates
UK inflation dropped to 2.6% in March, increasing the pressure on Bank of England policymakers to cut interest rates next month as Donald Trump’s tariff wars cast an uncertain outlook.
Prices growth was weak ahead of an expected rise in April as households begin to pay higher council tax and utility bills.
UK inflation falls as price of petrol comes down
Inflation falls in the year to March as the price of petrol drops.