CPI inflation fell by more than expected to 4.6 per cent in October - its lowest level since October 2021, and the largest annual fall in more than 40 years. But with overall prices rising by 16 per cent over this two-year period, and energy costs rising by 49 per cent, families are still feeling the effects of this huge inflation shock, the Resolution Foundation said today (Wednesday).
Two very different checkout solutions are battling it out at supermarkets this Christmas. While Booths has axed the majority of its self-service tills, Tesco has gone the opposite way, introducing a scan-free, app-free solution developed by its retail tech partner Trigo.
Almost 100,000 customers have paid £121 million using the HM Revenue and Customs (HMRC) app since April 2023, taking advantage of the quickest and easiest way to pay their Self Assessment tax bill. Latest figures from HMRC reveal that between April and September 2023, 97,365 customers used the app to settle their tax bill for the 2022 to 2023 tax year.
UK House Prices have FALLEN at their FASTEST rate in 5 YEARS in a move that has SHOCKED many housing market commentators. The UK House Price Crash started over a year ago when interest rates soared and mortgage repayments skyrocketed, however, until now many sellers have been unwilling to accept this new reality and continued to market their properties at completely unrealistic prices.
Recently there has been coverage of the challenges facing certain Office for National Statistics (ONS) household surveys. Due to concerns about the quality of data resulting from a particularly low response rate, In October 2023, the ONS suspended the publication of one of its headline labour market surveys.
Private rental prices paid by tenants in the UK rose by 6.1% in the 12 months to October 2023, up from 5.7% in the 12 months to September 2023. Annual private rental prices increased by 6.0% in England, 6.9% in Wales, and 6.2% in Scotland in the 12 months to October 2023.
Borrowers comparing mortgages may be pleased to see the arrival of more sub-5% options this week. The latest analysis from Moneyfactscompare.co.uk reveals the latest developments in the market.
More than 16 million people have missed payments on key household bills this year and over two million did so for the first time, according to new research for Talk Money Week 2023. Millions miss payments on key household expenses, some for the first time.
Changes in the prices of goods bought and sold by UK manufacturers including price indices of materials and fuels purchased (input prices) and factory gate prices (output prices). Producer input prices fell by 2.6% in the year to October 2023, down from a revised fall of 2.1% in the year to September 2023.
Annualised inflation was down year-on-year at 4.6%, the lowest rate in two years, largely thanks to a fall in energy prices. Annualised inflation was forecast to come in at 4.8% (Trading Economics).
Work is ongoing to strengthen support being offered to young carers and their families in Highland through the provision of Young Carers Statements. Members of The Highland Council's Health, Social Care and Wellbeing Committee were updated on progress being made to ensure that Young Carers and their families receive appropriate support.
SaxaVord Spaceport is planning to host a program of orbital rocket launches by HyImpulse Technologies from late 2025, it was announced today. The German rocket launch provider has carried out an extensive series of engine tests in Shetland over the past three years.
Hundreds of thousands of disabled university and higher education students are set to benefit from a new Government planner to help ease their transition into work. New Adjustment Planner to be rolled out to all universities and higher education colleges across UK.
Private sector pay growth has almost halved in recent months, suggesting that higher interest rates are bringing about a turn in the labour market, the Resolution Foundation said today (Tuesday) in response to the latest data. Headline nominal regular average weekly earnings grew by 7.7 per cent on the year - down on the previous months but still high by historic standards.
The Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 4.7% in the 12 months to October 2023, down from 6.3% in September. On a monthly basis, CPIH rose by 0.1% in October 2023, compared with a rise of 1.6% in October 2022.
Members of The Highland Council's Health, Social Care and Wellbeing have endorsed a scoping exercise currently being carried out on services available for children with disability in Highland. Included within the exercise is the consideration of Self-Directed Support and residential and respite provision which provides short break accommodation for children and young people with complex health and disability needs.
The nuclear industry is growing, as is the NDA's mission, creating a wealth of exciting opportunities with the number of graduate opportunities available in the NDA group doubling this year to more than 120. Roles are available in dozens of different professional disciplines, right across the UK, to help safely and sustainably decommission the nation's oldest nuclear sites and support specialist nuclear waste and transport businesses.
The King has been pleased to approve the following government appointments. Rt Hon James Cleverly MP as Secretary of State for the Home Department.
Early estimates for October 2023 indicate that the number of payrolled employees rose by 1.3% compared with October 2022, a rise of 398,000 employees; the number of payrolled employees was up by 4.1% since February 2020, a rise of 1,190,000. This annual increase was largest in the health and social work sector, a rise of 221,000 employees.
Regional, local authority and parliamentary constituency breakdowns of changes in UK employment, unemployment, economic inactivity and other related statistics. For the three months ending July 2023, the highest employment rate estimate in the UK was for the South East (79.6%) and the lowest was for Northern Ireland (71.1%).
