Britain's Treasury chief said he would be prepared to see the U.K. economy slip back into recession if further interest rate ...

The proposal comes amid growing government concerns over pressure on household finances. Read more at straitstimes.com.

British inflation fell in April but by less than expected and it remains above the rate of price growth in the United States ...

Jeremy Hunt, the Treasury chief of Britain, is prepared to see the U.K. economy slip into a recession if it means bringing down inflation.

UK Chancellor of the Exchequer Jeremy Hunt says he’s in favor of higher interest rates to tackle inflation, even if it causes ...

Official figures show that inflation in the U.K. has fallen to its lowest level since the immediate aftermath of Russia’s ...

British consumers picked up the pace of their spending last month and sales volumes over the three months to April grew by ...

British finance minister Jeremy Hunt stressed Friday that his Conservative government's priority was tackling high inflation, even at the expense of a recession.

Core inflation, which removes volatile energy and food prices, dipped slightly to 5.5% year-on-year, in line with expectations. Unlike the UK, where inflation remains stubbornly in double digits ...

Inflation is the term that’s used to describe the increase in prices over time. The UK government sets an inflation target of 2% which the Bank of England is tasked with maintaining using ...

UK inflation fell sharply to 8.7% in April, in one of the first major signs that the cost of living crisis is finally easing. The Office for National Statistics (ONS) said the decline in the ...

British retail sales rose by more than expected last month and volumes over the three months to April grew by the most since ...