Call for revived ‘cult of equity’ as UK inflation climbs to 2.7%
UK inflation has risen to 2.7%, its highest level since 2013, according to the Office for National Statistics.
UK inflation has risen to 2.7%, its highest level since 2013, according to the Office for National Statistics.
The UK consumer prices index (CPI) inflation rate was 2.3% in March, unchanged from its February figure.
A future economic downturn will be spotted much earlier thanks to new measures brought in to improve forecasts, the Office for National Statistics (ONS) has claimed.
Institutional investors favoured UK gilts over short-term assets in the last three months of 2016, according to the latest data from the Office for National Statistics (ONS).
The UK economy grew faster than expected between July and September this year, with GDP climbing by 0.6% according to official figures.
Stocks, shares and premium bonds were considered the least safe way of saving for retirement, according to the Office of National Statistics (ONS).
The UK slipped in to deflation in September, the Office for National Statistics said on Tuesday. But, while the number came in slightly lower than many economists had predicted, but many are more focused on how it is likely to change going forward.
Consumer price inflation rose slightly in July from 0% to 0.1% in July the Office of National Statistics said on Tuesday.
UK GDP is estimated to have grown 0.7% in the second quarter the Office for National Statistics said on Tuesday, up from 0.4% reported for Q1.
The Bank of England could spring an interest rate rise on markets sooner than expected, according to JP Morgan’s Stephanie Flanders.
UK inflation fell to zero in February, the ONS reported on Tuesday, the lowest level on record.
Royal London Asset Managements Ian Kernohan says despite new GDP numbers from the ONS RLAM still expects interest rates to rise very gradually in 2015.