James Sillars

1 week ago | news.sky.com | James Sillars

Retail sales volumes suffered their largest monthly fall since December 2023 last month, according to official figures which suggest a link to rising bills. The Office for National Statistics (ONS) reported a 2.7% decline in the quantity of goods bought in May compared to the previous month. The body said its interaction with retailers suggested "inflation and customer cutbacks" accounted for the fall, which was across all categories, but led by food.

1 week ago | news.sky.com | James Sillars

The Bank of England has signalled that a weakening labour market could yet trump rising global challenges to allow for more interest rate cuts in the near term. Policymakers on the nine-member monetary policy committee (MPC) voted 7-3 to maintain Bank rate at 4.25%. There was greater support than was expected for a cut. The Bank had previously signalled that a majority on the committee were cautious about the effects of global instability - especially the on-off US trade war.

1 week ago | msn.com | James Sillars

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1 week ago | msn.com | James Sillars

Microsoft Cares About Your PrivacyMicrosoft and our third-party vendors use cookies to store and access information such as unique IDs to deliver, maintain and improve our services and ads. If you agree, MSN and Microsoft Bing will personalise the content and ads that you see. You can select ‘I Accept’ to consent to these uses or click on ‘Manage preferences’ to review your options and exercise your right to object to Legitimate Interest where used.

1 week ago | mkfm.com | James Sillars

The Office for National Statistics (ONS) reported the consumer prices index measure eased from 3.5% the previous month. It said that despite upwards pressure on prices from food and clothing, the decline was driven by falls in airfare prices following Easter. Money latest: What easing inflation means for your moneyThe headline figure also reflected a small downwards correction to ONS inflation data ahead of April related to vehicle excise duty calculations.