The government excluded the possibility of a mandatory price cap, but said it is in talks with the food sector over high ...

Britain’s Treasury chief says he would be prepared to see the British economy slip back into recession if further interest ...

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.

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

LONDON, May 24 (Reuters) - Britain's stubbornly high inflation rate fell by less than expected last month and a closely ...

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

The Bank of England raised interest rates in May from 4.25% to 4.50%. The 0.25 percentage point increase marks the 12th rise ...

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

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

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 ...