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UK shoppers boost spending despite inflation s bite

UK shoppers boost their spending despite inflation s bite

British consumers picked up the pace of their spending last month and sales volumes over the three months to April grew by the most since mid-2021, according to official data that suggested limited impact from the surge in inflation.

BoE s Bailey welcomes inflation drop, sees risk of a slow falls ahead

LONDON (Reuters) -Bank of England Governor Andrew Bailey said a fall in British inflation back into single digits was welcome but food price growth was stronger than expected and it remained to be seen how quickly inflation would fall in the months ahead. | May. 24

UK jobless rate rises as people return to labour market

Jobless rate 3.9% vs Reuters poll 3.8% Increase driven by people returning to labour market Basic pay growth 6.7% vs poll 6.8% Public sector basi. | 02:20am

BoE s Pill says there may be more work to do to lower inflation

LONDON (Reuters) - Bank of England Chief Economist Huw Pill said on Friday that the British central bank might have to do more to bring down inflation, a day after the BoE raised interest rates for a 12th meeting in a row. | 10:57am

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