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UK inflation drops sharply and unexpectedly as Brexit price squeeze slows down

Consumer price inflation (CPI), the most watched measure of UK inflation, feel to 2.4% in September, down from 2.7% in the previous month.
A woman holds a Union flag umbrella in front of the Big Ben clock tower (R) and the Houses of Parliament in London October 4, 2014.

It looks like the UK has bounced back from its economic slump — but it is still headed for its worst year since the financial crisis

The British economy may finally have gotten itself out of the deep rut it entered at the end of 2017, but it still looks to be headed for its worst year since the financial crisis in terms of pure economic growth.

Britain could be forced to increase government spending in a no-deal Brexit, IMF says

In a report released ahead of the IMF's annual conference, this year held on the Indonesian island of Bali, the fund said that "the pace of fiscal consolidation can be eased if risks materialise and growth slows sharply."

The Brexit price squeeze is back as UK inflation unexpectedly jumps for a 2nd month

The Office for National Statistics (ONS) said on Wednesday that consumer price inflation (CPI), the most watched measure of UK inflation, increased to 2.7% in August, up from 2.5% in the previous month.
Bad weather ahead for the UK economy?

Britain’s economy is entering a ‘new era’ — and it has nothing to do with Brexit

In the 816 days since Britain voted to leave the European Union, Brexit has been pretty much the only game in town for watchers of the the UK economy. Away from the UK's exit from the EU, however, a worrying new dynamic is forming.

Britain’s economy is entering a ‘new era’ — and it has nothing to do with Brexit

In the 816 days since Britain voted to leave the European Union, Brexit has been pretty much the only game in town for watchers of the the UK economy. Away from the UK's exit from the EU, however, a worrying new dynamic is forming.

Bank of England leaves rates on hold

The Bank of England will shortly announce the latest decisions taken by its rate setting Monetary Policy Committee, with interest rates universally expected to remain on hold.
The Governor of the Bank of England, Mark Carney, speaks to the Scottish Economics Forum, via a live feed, in central London, Britain March 2, 2018.

Mark Carney has extended his term as Bank of England governor to steer Britain through Brexit

"I’m delighted that the Governor has agreed to stay in his role for a further seven months to support a smooth exit from the European Union and provide vital stability for our economy," Chancellor Philip Hammond said in a statement.

UK workers are finally getting a pay rise

The Office for National Statistics released its monthly snapshot of the state of the UK's jobs market and unemployment rate on Tuesday. Here's how things looked.
A model resembling Frankenstein's monster can help us see how poorly the UK economy has performed since Brexit.

This ‘Frankenstein’ model shows how much damage Brexit has already done to the UK economy

The British economy is already more than 2% smaller than it would have been had voters decided to remain in the EU, a new analysis from UBS shows. Using a 'Frankenstein' model, which cobbles together data from other major economies, the bank's economists worked out the hit to UK growth.