Personal Finance News

Personal Finance

Britain's inflation rate unexpectedly overshot the Bank of England's 2% target on Wednesday, raising the cost of living even before sterling's slide has had much chance to feed into consumer prices.
Britain's labour market showed unexpected strength in the second quarter but economists said this could prove a high water mark, after figures last week showed the economy contracted as businesses braced for a potentially disruptive Brexit.
Labour market data showing the fastest pay growth in 11 years and more people in work show the underlying strength of the British economy, finance minister Sajid Javid said on Tuesday.
British households' expectations for inflation over the next 12 months rose to 2.8% in July from 2.6% in June, according to a survey from U.S. investment bank Citi and pollsters YouGov.
Britain's statisticians said on Thursday they had found errors in the weighting of different goods in the basket of items used in the retail prices index of inflation that underpins payments on the country's inflation-linked government bonds.