Author: Julia Kollewe

Britain’s next government is set to benefit from a decrease in inflation and fuel prices, providing relief for household finances. The British Retail Consortium reported a cooling of shop price inflation to 0.2%, with retailers cutting prices of key products like butter and coffee. Additionally, petrol and diesel prices fell, although they are still considered “too expensive” by many. Sainsbury’s experienced a slowdown in sales despite a surge in TV purchases during Euro 2024, with a drop in its Argos chain contributing to the decline. Food sales growth eased as inflation stabilized, and general merchandise sales, especially electronics, suffered. Analysts…

Welcome to our live coverage of key financial events in the UK. Today, inflation in the UK has dropped to 2.3%, down from 3.2% in March, mainly due to lower energy costs. This slowdown was not as significant as expected by economists. Factory gate prices have also risen by 1.1% from the previous month. Government borrowing in April hit £20.5 billion, the fourth highest figure on record. This borrowing was higher than forecasted, indicating a mismatch between spending and income. With inflation expected to fall to 2%, the Bank of England and the Office for Budget Responsibility are optimistic about…

Following an outbreak of cryptosporidium in the Brixham area of Devon, South West Water issued a notice advising 17,000 households and businesses to boil their tap water before consuming. The UK Health Security Agency confirmed 46 cases of infection, causing illness in more than 100 people. The parasite outbreak led to hospitalizations and cancellations in the hospitality and tourism sectors. South West Water, owned by Pennon Group, compensated affected customers with £215 per household, costing the company £3.5m. Despite lifting the boil water notice for some properties, a digital map error caused confusion, leading to further advisories and additional compensation…