Credit, Collections & Insolvency News
Nearly half (49%) of small businesses say they have not benefited from falling inflation this year, according to a new poll commissioned by iwoca. The research, which comes ahead of the ONS’s latest inflation statistics, also reveals that the cost of doing business is too high for half (50%) of the UK’s 5.6 million small and…
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Latest Office for National Statistics (ONS). data has shown that Inflation remained steady at 2.2 per cent in August, slightly above the Bank of England’s two per cent target. Rising airfares were balanced by lower fuel prices and a slowdown in restaurant price increases. The Bank of England is expected to keep interest rates at…
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Inflation in the UK remained unchanged at 2.2% in August, according to the Office for National Statistics (ONS), aligning with economists’ predictions. However, core inflation increased to 3.6%, up from 3.3% in July. The Bank of England, which recently cut rates for the first time since the pandemic, is expected to proceed cautiously due to…
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UK inflation rose to 2.2% in July 2024 from 2.0% in June however core inflation fell to 3.3% from 3.5% according to the Office of National Statistics. Food inflation has increased for the first time since March 2023, with analysis from Kantar showing supermarket prices up 1.8% in the four weeks to 4 August, up…
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The UK’s inflation rate has risen for the first time this year as annualised inflation came in at 2.2% in July, higher than the 2.0% reported in June. Core CPI (excluding energy, food, alcohol and tobacco) rose by 3.3% (down from 3.5%) and services inflation fell from 5.7% to 5.2%. Commenting on the inflation figures,…
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UK inflation held at two per cent in the year to June, unchanged from May, mostly driven by a rise in hotel and restaurant prices and a fall in clothing and shoes, according to the latest figures from the Office for National Statistics (ONS) Core inflation, which excludes the price of fuel and food, remained…
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Inflation held steady in June, with the latest figures from the Office for National Statistics (ONS) showing price growth remained at the Bank of England’s target rate of 2%. Commenting on the data, Matt Hartley, Director of Engagement at the Money Advice Trust, the charity that runs National Debtline, said “Millions of people are still…
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Inflation has hit the Bank of England’s (BoE) target for the first time in almost three years. Prices rose at two per cent in the year to May, down from 2.3 per cent the month before, according to the Office for National Statistics (ONS)/ The figures follow a sustained period of high inflation in the…
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The Office for National Statistics (ONS) has published its latest Consumer Prices Index, which shows that the rate of inflation fell to 2.3 percent in the 12 months to April 2024, down from 3.2 per cent in March. Prices were up 0.3% in a month (compared to 1.2% a year earlier). CPI is the…
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Latest ONS data has found that inflation came in at 2.3% in April, lower than the 3.2% reported in March. The rate is at its lowest in two and a half years, and down from the peak at 11.1% in October last year. Commenting on the inflation data for April, ONS Chief Economist Grant Fitzner…
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Latest analysis by the British Retail Consortium has found that shop Price annual inflation eased to 0.8% in April, down from 1.3% in March. This is below the 3-month average rate of 1.4%. Shop price annual growth is its lowest since December 2021. Non-Food entered deflation at -0.6% in April, down from 0.2% in the…
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Latest data from the ONS has found that CPI inflation fell to 3.2 per cent in March, lower than the 3.4% reported in February. Commenting on the data, Steve Vaid, Chief Executive of the Money Advice Trust, the charity that runs National Debtline, said “Falling inflation is welcome news and will provide some relief for…
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Latest ONS data has found that inflation came in at 3.2% in March, slightly less of a drop than economists had forecast. The rate is at it’s the lowest in two and a half years, and well down from the peak at 11.1% in October last year. The biggest factor pushing inflation down was food,…
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