Credit, Collections & Insolvency News
Latest Office for National Statistics (ONS) data has shown that inflation has increased to 3.6 per cent in the year to June, up from 3.4 per cent in May. The figures exceeded analysts’ predictions that inflation would remain at May’s level. The rise was driven by motor fuel and food costs, with food price inflation…
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Latest Office for National Statistics (ONS) data has shown that inflation stood at 3.4% in May 2025 down 0.1% on April 2025 with rises in food and furniture costs offset by lower air fares and petrol prices. Annualised inflation was forecast to come in at 3.4% whilst core inflation came in at 3.5% in the…
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Latest data from the Office of National Statistics (ONS) has shown that inflation fell slightly to 2.8% in February down from 3% in January. Core Inflation came in at 3.5% in the 12 months to February, down from the 3.7% in January and lower than forecast. ONS Chief Economist Grant Fitzner said “Inflation eased in…
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Latest Office for National Statistics (ONS data has shown that inflation rose faster than expected in January, up from 2.5 per cent in December to 3 per cent. This is the highest annual rate of inflation since March last year. The increase was driven primarily by increases in the cost of transport, food, and non-alcoholic…
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UK inflation fell in December for the first time in three months as hotel prices fell and tobacco costs eased according to latest ONS data.Annualised inflation came in at 2.5% in December, down from the 2.6% reported in November. Menawhile, core inflation came in at 3.2% in the 12 months to December 2024, down from…
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Latest ONS data has shown that inflation dropped slightly to 2.5% in December, up from 2.3% in October, down from 2.6% in November. Commenting on the inflation figures, Paul Noble, CEO of Chetwood Bank, said “Some good news to start the year for Britons. Many will have approached today’s result with some apprehension, but 2025…
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Latest ONS data has shown that year-on-year inflation rose to 2.6% in November, up from 2.3% in October, rising for the second month in a row. Year-on-year core Inflation (excluding food and energy) rose to 3.5% in November, up from 3.3% in October whilst , month-on-month inflation rose by 0.1% in October, down from 0.6%…
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The Office for National Statistics (ONS) has published its latest Consumer Prices Index, which shows the rate of inflation rose to 2.6 per cent in the 12 months to November. The announcement means that the inflation rate has increased for the second month in a row, rising at the fastest rate since March. Fuel and…
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Hargreaves Lansdown has predicted that inflation is likely to rise slightly when figures are released next week. Inflation is also expected to remain above target for a while yet with investors putting the chances of a rate cut at just 12% next week. Susannah Streeter, Head of Money and Markets at Hargreaves Lansdown said “Inflation…
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The Office for National Statistics (ONS) has published its latest Consumer Prices Index, which shows the rate of inflation rose to 2.3 per cent in the 12 months to October, up from 1.7 percent in September 2024. The increase showed that core Inflation (excluding food and energy) rose to 3.3%, up from 3.2% in September.…
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Latest figures from the Office for National Statistics (ONS) have shown inflation surged to 2.3% in October, up from the three year low of1.7% in September. The increase was driven largely by higher energy costs and increased housing costs. For a typical household, annual gas and electricity bills went up by about £149 last month…
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Inflation fell unexpectedly to 1.7 per cent in the year to September, the lowest rate in three-and-a-half years, according to the latest Office for National Statistics (ONS). However, households were hit by a jump in food and non-alcoholic drink inflation, with stronger price increases for milk, cheese, eggs and fruit. Lower airfares and petrol prices…
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Latest Office for National Statistics (ONS). data has shown that Inflation unexpectedly to 1.7 per cent in the year to September, the lowest rate in three-and-a-half years, Lower airfares and petrol prices were the main drivers behind the surprise slowdown. City Analysts had expected the rate to drop to 1.9 per cent, while the Bank…
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