BusinessPostCorner.com
No Result
View All Result
Friday, July 4, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

UK inflation holds steady despite hotel prices soaring

July 17, 2024
in Business
Reading Time: 2 mins read
A A
0
UK inflation holds steady despite hotel prices soaring
ShareShareShareShareShare

Mrs Morgan said the higher mortgage payments had restricted the things they were able to do with their three older children.

“We can’t have family holidays, we’ve not been able to do so much with the children….it affects where I shop for food, I’m always looking for discounts. We sit together, we look at what our costs are, where we can cut back and look at a budget.”

She said was optimistic, however, that the UK economy was over the worst and that better times were ahead.

“I think sometimes the doom and gloom that we talk about can actually make us feel very negative….It you can feel hopeless,” she said.

“But if we have a good conversation about what is possible, and working with what we’ve got, we can have a better conversation about it,” she added.

The underlying measures of inflation being watched closely by the Bank of England also did not change, according to the latest data.

Inflation in the services sector, for example, remained at 5.7%, while core inflation, which strips out the effects of more volatile items like energy prices, held at 3.5%.

Alongside some other stronger figures for the economy in recent days, it may give some pause for thought for members of the Bank of England committee deciding interest rates next month.

On Tuesday, the International Monetary Fund listed the UK among countries who might need to keep interest rates “higher for even longer” than originally anticipated to squeeze inflation out of the system.

Markets have been anticipating that rate cuts will start on 1 August, helping fixed mortgage rates fall.

The latest numbers suggest it will be a finely balanced decision.

Credit: Source link

ShareTweetSendPinShare
Previous Post

UK inflation held steady at BoE’s 2 per cent target in June

Next Post

EssilorLuxottica expands into streetwear with $1.5bn Supreme deal

Next Post
EssilorLuxottica expands into streetwear with .5bn Supreme deal

EssilorLuxottica expands into streetwear with $1.5bn Supreme deal

OpenAI Disavows Robinhood’s Tokenized Shares, Elon Musk Chimes In – What’s Going On?

OpenAI Disavows Robinhood’s Tokenized Shares, Elon Musk Chimes In – What’s Going On?

July 3, 2025
How AI can help middle management help nurture talent

How AI can help middle management help nurture talent

June 27, 2025
making the most of the relationship

making the most of the relationship

July 1, 2025
Gilts rally after Starmer says Reeves will remain as chancellor for ‘a long time’

Gilts rally after Starmer says Reeves will remain as chancellor for ‘a long time’

July 3, 2025
Starbucks beefs up hiring process in search for best baristas

Starbucks beefs up hiring process in search for best baristas

June 30, 2025
Household energy bills fall but may not go much lower

Household energy bills fall but may not go much lower

June 30, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Home Office unaware if foreign workers leave UK after visas end, MPs say

Home Office unaware if foreign workers leave UK after visas end, MPs say

July 3, 2025
Trump’s July 9 tariff deadline is triggering market anxiety, says top analyst

Trump’s July 9 tariff deadline is triggering market anxiety, says top analyst

July 3, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!