Inflation

A string of peers voiced their concerns in the Lords as Prime Minister Liz Truss faced mounting pressure to raise benefits in line with inflation

1

Growing pressure on Liz Truss to boost benefit payments in line with inflation

The hike was below the expectations of the financial markets, who had predicted a 0.75 percentage point rise

The hike was below the expectations of the financial markets, who had predicted a 0.75 percentage point rise

Bank of England

1

Interest rates hit 13 year high as Bank of England warns UK is in recession

McColls in Union Street, Ryde. Picture Google Maps.

McColls in Union Street, Ryde. Picture Google Maps.

Ryde McColl's convenience store at risk as administration 'increasingly likely'

Bank of England issue UK recession warning as interest rate rises to 1 per cent. (PA)

Bank of England issue UK recession warning as interest rate rises to 1 per cent. (PA)

Bank of England

Interest rate rise as Bank of England warns of recession and 10 per cent inflation