Inflation Likely to Hit 5%, Warns Bank of England Chief Economist

The Bank of England’s new chief economist has warned that UK inflation is likely to hit or surpass 5% by early next year. Huw Pill told the Financial Times that the Bank would have a “live” decision to make at its next interest rate-setting meeting on 4th November. It follows recent comments from Bank of […]

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Record Vacancies May Not be Good News for Jobseekers or Businesses

Record job vacancies across many sectors of the economy may seem like good news for workers. But the reality is likely to be more nuanced. Sky News analysis has shown that despite the post-pandemic boom in job adverts, people looking for work may not be in the right places to fill them, with different regions […]

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UK Economy Grows on Camping and Dining Out

The UK economy grew by 0.4% in August as more people dined out, went on holiday and attended music festivals. The Office for National Statistics (ONS) said the services sector made the biggest contribution to economic growth in the first full month after all COVID-19 restrictions were lifted in England. It said arts, entertainment and […]

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