Prime Minister Rishi Sunak ruled out providing support to struggling mortgage holders today as new data showed the average rate for a two-year fixed deal climbed over six per cent.
The chief executive of Tesco has said inflation in the supermarket aisles is finally slowing but warned shoppers not to expect prices to return to where they were two years ago.
Uncertainty about whether the UK economy will tip into a recession caused by sky high inflation and the Bank of England hiking interest rates aggressively to tame it is keeping businesses grounded, a new survey out today shows.