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UK inflation hits 7% as cost of living crisis deepens – business live

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Inflation is hitting business confidence too. Sentiment among financial services firms has dropped at its quickest pace since September 2019, the latest CBI/PwC Financial Services Survey released this morning found., a 40-year high, as gasoline and food prices jumped.

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UK jobless rate drops as more people leave labour market, and wage squeeze continues – business liveRolling coverage of the latest economic and financial news “Today’s statistics shows a mixed picture for the UK’s labour market recovery with employment stationery at 75.5% and unemployment dropping to 3.8%. However, the vacancy rate remains high at 1.3 million, and economic inactivity continues to rise to 21.4%”
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