The Latest Breaking News from Samuel Tombs

Inflation in the United Kingdom slowed slightly in August as a drop in gasoline and diesel fuel prices gave consumers the first glimmer of hope that Britain’s cost-of-living crisis may be beginning to ease

The cost of petrol and diesel has fallen from record highs

Inflation is expected to peak later this year at 13.3% and will push the UK into a recession, according to the Bank of England

Consumer Prices Index inflation will likely reach 9.8%, according to an average of analysts’ estimates.

The latest figures out today show a 0.1 percent rise in unemployment over the last three months - but it's a sign of things to come

Whether she or Rishi Sunak becomes prime minister, challenge looks as daunting as it did for James Callaghan in 1976

Data on jobs, prices and sales this week will add to the gloom, but might an inflation-led return to work take the edge off?

This week’s decision on interest rates will be fraught, but many think Britain is heading the same way as the US

Rolling live coverage of business, economics and financial markets as retail sales and factory surveys suggest UK economy losing momentum