Bank of England

UK Inflation Unexpectedly Falls In August

British annual consumer price inflation (CPI) unexpectedly fell to 6.7% in August, official data showed, raising questions about how much higher the B...

Waitrose, Aldi Cut More Prices As Britain's Food Inflation Picture Improves

British supermarkets Waitrose and Aldi have announced further rounds of price cuts, adding to the country's improving outlook for food inflation.

British Retailers See Slowest Sales Growth In 11 Months In July: Survey

British retailers logged their slowest sales growth in 11 months in July, thanks to rainy weather and high inflation, a survey showed.

5 Takeaways From Tesco's First-Quarter Results

Tesco has reported first-quarter sales of £14.83 billion. Here are five takeaways from its first-quarter results announcement.

Britain's Tesco Cuts Price Of Milk For The First Time Since 2020

Britain's biggest supermarket group Tesco has cut the price of milk for the first time since May 2020, a possible early sign that a surge in food inflation...

UK Retail Sales Flat In February After January Fall, Outlook Gloomy: CBI

British retail sales held steady in February after falling in January but stores expected sales volumes to slip again in March as the rising cost...

Britain's Tesco Raises Store Workers' Pay By 7%

Tesco will raise hourly pay for about 220,000 store workers by 7% from April, another increase that will likely catch the attention of the Bank of England,...

UK Shoppers Up Their Spending In January But Gloom Persists

British consumers unexpectedly increased their shopping in January, but the overall picture remains one of weak demand from inflation-hit consumers who are...