Summer clothing sales are expected to have pulled UK inflation back down to zero last month, bringing more relief to households and taking pressure off the Bank of England to raise interest rates any time soon.
An agreement has finally been reached in Brussels after almost 17 hours of talks, Europe’s longest-ever summit.
European leaders in Brussels have reached a third bailout deal for Greece on Monday morning after more than 17 hours of talks on the thorny subject of reforms and more financial aid for the near-bankrupt country.
A marathon overnight negotiation between Greece and its creditors remained unresolved on Monday morning after European leaders confronted Alexis Tsipras, the Greek prime minister, with a package of austerity measures which entailed a surrender of fiscal sovereignty.
The number of property millionaires in Britain has more than doubled over the past three years and broken through the 500,000 mark for the first time, it is claimed.
The Bank of England left its key interest rate unchanged at a record low of 0.5 percent on Thursday in a decision widely anticipated by analysts.
Taxpayers are handing businesses £93bn a year – a transfer of more than £3,500 from each household in the UK.
The Greek government has been told by its eurozone partners not to expect debt relief any time soon, amid fading hopes of decisive action to stop the country tumbling out of the currency union.
When Mark Carney put a rocket under the FTSE 100 on Thursday with his pronouncement that interest rates were likely to be cut to tackle the economic fallout from Brexit, there was one sector of the stock market that remained in the doldrums.
British consumers borrowed more than expected in May to buy homes and fund other purchases in a sign of confidence before last week’s shock decision to leave the EU.