The disappointing retail data adds to the dim economic picture in the U.K. and to the challenges facing Finance Minister Rachel Reeves.

Wage growth increased by 3.4% after taking into account inflation, driven by strong increases in the private sector.

The Bank of England looks set to resume cutting interest rates next month after official data revealed weaker inflation and anaemic economic growth.

Alan Taylor, the most recently appointed member of the Bank's monetary policy committee (MPC) said the UK is 'in the last half mile on inflation' and called for a pre-emptive cut

Latest figures show that UK inflation dropped last month, potentially affecting the Bank of England's interest rate decision next month. The Consumer Prices Index (CPI) rate fell from 2.6 per cent in November to 2.

Britain's unemployment rate rose slightly at the end of last year, official data showed Tuesday, adding to unease over the stalling UK economy.

THE UK’s rate of inflation has slowed in a boost for the government – we reveal what it means for your money. The Office for National Statistics (ONS) said the Price Index

The U.K. economy grew at a lackluster pace of 0.1% in November, data from the Office of National Statistics showed Thursday.

Unemployment ticked higher in November as the number of job vacancies contracted again, amid mounting evidence Budget measures are weighing on the labour market.

The latest data has raised expectations that the Bank of England could cut UK interest rates again next month.

The unexpected softening of UK consumer price inflation at the end of 2024 added expectations for more interest rate reductions by

Bank of England should cut rates pre-emptively, says committee member - Alan Taylor, the most recently appointed member of the Bank’s monetary policy committee (MPC) said the UK is ‘in the last half mile on inflation’.