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Inflation

Nottinghamshire Council says the 'higher than expected' minimum wage rise has added £5m to its budget. Photo: Submitted

'Higher than expected' minimum wage rise adds £5m in costs to council budget

The Bank of England has made a new announcement on the interest rate. (Credit: Aaron Chown/PA Wire)

Bank of England announces that interest rate will remain at 5.25%

The UK's inflation rate remained at 6.7% last month despite hopes that a third consecutive dip would be seen, with lower food and drink prices offset by higher petrol and diesel prices. (Credit: Getty Images)

UK inflation remains stagnant at 6.7% despite hopes for another dip

The Bank of England has announced a new interest base rate after an unexpected drop in inflation. (Credit: Getty Images)

Bank of England announces interest rates will remain at 5.25%

Millions of people are receiving payments to help with high bills amid the cost of living crisis - what further support is coming in 2023?

Cost of living payment: What other support is coming in 2023?

An Iceland store is pictured. The supermarket has slashed the price of1,000 of its weekly staples to help families through the cost of living crisis.

Iceland slashes price of over 1,000 weekly essential items - see list

There are seven big money changes that could affect your wallet coming in September 2023 including Universal Credit and student loans shake-ups.

Cost of living: 7 money changes to be aware of in September 2023

Poundland to reduce prices on ‘big brand’ family favourites & announces plans to open 9 new stores

Poundland to reduce prices on ‘big brand’ favourites to under £1

Rishi Sunak and Jeremy Hunt are considering awarding pay rises to certain groups of striking workers. (Photo by STEFAN ROUSSEAU/POOL/AFP via Getty Images)

Cabinet split over awarding striking workers 6% pay rise

Empire Cinema group enters administration - full list of closures

Buckingham Palace

Buckingham Palace to turn heating down to save money

King Charles has ordered Buckingham Palace to turn the heating down to save money as royal expenses soar to £107m.

A commuter walks through heavy rain near the Bank of England, London.

Bank of England increases interest rates for 13th time in a row

What is core inflation as ONS figures show inflation rate ‘stuck’ at 8.7%

Inflation rate ‘stuck’ at 8.7% new ONS figures show

McDonald’s has revealed its summer menu for 2023.

McDonald’s June menu 2023 revealed - full list of items

Sainsbury’s has cut the price of another everyday item as it plans to compete with Aldi

Sainsbury’s slashes the price of another essential everyday item

Interest rates are set to rise again

Millions of homeowners issued warning as mortgages set to rise again

The housing market could be hit by higher interest rates according to Nationwide – after house prices in the year to May fell.

Nationwide warns housing market could be hit by higher interest rates

Coffee in GPS tracked security boxes at the Central Co-op Food-Petrol Harborne in Birmingham as a theft prevention initiative.

Instant coffee kept in security cases as prices soar to £10.50 a jar

McDonald’s customers across the UK are seething after the cost of a much-loved item has more than doubled in price.

McDonald’s fans fuming after popular item doubles in price

The price of everyday food products bought at a popular supermarket in February 2022 and again in February 2023 illustrates the cost of living crisis.

This basket of food shows how much food prices have risen in one year

This is the first time inflation has dropped below double digits since August last year - but concerns remain over the rate at which food prices are increasing..

Inflation drops to 8.7%, food costs still high - how it affects you

Inflation has dropped below 10 percent for the first time since last year

Inflation drops to 8.7% for first time since last year - what it means

Bank of England impose another interest rate hike

Sainsbury’s has cut the price of two popular products

Sainsbury’s cuts price of two everyday products

Royal College of Nursing picket line as staff strike outside a hospital.

NHS staff to be offered 5% pay rise

Many retailers have been struggling since the pandemic while shoppers are tightening the purse strings due to rocketing inflation, which stands at 10.1 per cent.

Full list of the UK shops and banks closing for good this week

Martin Lewis explained how to check you’re on the right rate of National Minimum Wage when he appeared on Good Morning Britain this morning.

Martin Lewis explains 8 ways to check if you’re being underpaid

Rishi Sunak could be forced to apologise to the House of Commons is he is found to have breached the MP’s code of conduct (image: Getty Images)

What time is PMQs on today?

The first PMQs since the Easter recess takes place in the House of Commons today

The rate of inflation has dropped slightly for March

Inflation rate in UK falls but still remains above 10%

Millions of people on benefits are set to get a cash boost as payments rise in line with inflation rates - full list of what will increase and how much you’ll get.

Benefit payments set to increase for millions - full list

The ISA deadline is approaching

ISA deadline 2023: Everything you need to about upcoming ISA deadline

The price of crude oil increased by 5.5% on Monday April 3.

Oil prices rise more than 5 percent as production is cut

April is shaping up to be a rough month for many, with major price increases scheduled to take effect.

April bill hikes set to cost household £700 annually

Chocolate and sweets prices jump ahead of Easter (Picture: Getty Images/EyeEm)

Chocolate and sweets prices jump ahead of Easter

When the spring Cost of Living payment will hit your bank accounts

Interest rates will go up for the 11th consecutive time as the Bank of England is set to confirm an increase of 0.25% - Credit: Adobe

Bank of England to raise interest rates in bad news for mortgages

Galaxy chocolates will see a huge price hike of 50% - Credit: Adobe

Major price hike of Galaxy chocolate bars leaves customers furious

Surprise jump in February inflation due to salad shortages, food & booze

Shock as inflation rises to 10.4% unexpectedly - what it means

Public awaits biggest change to TV licence fee in two decades amid turbulent times for BBC

Major change to TV licence fee on the way amid turbulent times for BBC

Council tax is on the rise by up to 15% across local authorities in England - Credit: Adobe

April council tax: How to apply for support and how much will it rise?

Britain’s Chancellor of the Exchequer Jeremy Hunt poses with the red Budget Box as he leaves 11 Downing Street in central London on March 15, 2023, to present the government’s annual budget to Parliament. (Photo by JUSTIN TALLIS / AFP) (Photo by JUSTIN TALLIS/AFP via Getty Images)

Budget 2023: Living standards to fall by 6% - OBR

Chancellor Jeremy Hunt addressed the House of Commons with his Spring Budget 2023 on Wednesday - Credit: Getty Images

Key announcements from Chancellor Jeremy Hunt’s Spring Budget 2023

The Energy Price Guarantee (EPG) will remain at £2,500 for an additional three months.

Budget 2023: Energy Price Guarantee to be extended to June

The price of Royal Mail first and second class stamps are to increase

Royal Mail to increase price of first and second class stamps

Pret will be giving staff their third pay rise this year

Pret A Manger to give staff third pay rise in 12 months

Coffee chain Pret A Manger has announced it will give nearly 8,000 members of staff their third pay rise in 12 months

Primark owner Associated British Foods has upped its outlook for the full year after reporting a jump in sales at the budget fashion chain

Primark reports unexpected profits as people shop early for summer

The price of pasta has doubled in the last two years as the cost of everyday essentials soars

Pasta prices double in two years as cost of everyday essentials soars

Shoppers have been juggling with steep price hikes on many food and household items for months now.

Poorest hit hardest as supermarket value ranges increase by a fifth

Millions of O2 and Virgin Mobile customers will be hit with price hikes of up to 13.4% from April

O2 customers facing 13.4% increase in monthly payments

Millions of households have cut back on streaming services in recent months as the cost of living crisis deepens. Analysts Kantar found that the number of paid-for video streaming subscriptions in the UK declined by two million in 2022, from 30.5 million to 28.5 million.

How to save money on streaming services including Netflix and Prime

RCN nurses suspend next week’s strike and enter pay negotiations

Paperchase went into administration last month

Shops leaving the UK high street as retailers announce closures

Huel was founded by entrepreneurs Julian Hearn and James Collier who named the product by combining the words “human” and “fuel”. The company claims when mixed with water, its powders provide “complete nutrition” and are a healthy alternative to traditional meals that help you “lose, gain or maintain weight”.

‘Misleading’ Huel adverts that claimed shakes save money banned

The rise in food prices has slowed in recent months

Official figures show UK inflation remains near 40 year high

The first £301 instalment of the money, which is intended to help vulnerable people pay their energy and grocery bills as inflation hits a 40-year high, is due to hit bank accounts this spring.

1.7 million people set to miss out on £301 cost of living payment