Inflation

The outgoing governor of the Bank of England (BoE), Mervyn King, has said it may be time to review the UK's inflation target, but rejected a suggestion by his successor that central bankers should abandon inflation targeting altogether in times of economic...

INFLATION

The UK's main inflation rate has remained at 2.7% for the third month in a row, broadly in line with economists' expectations, despite steep rises in energy bills.

Annuity experts have welcomed the Office of National Statistics' (ONS) surprise decision to keep the current measure of inflation.

SOAPBOX

The Chancellor is on a collision course with bond markets over plans to change how inflation is calculated. The switch could bring the exchequer a £3.8bn windfall from a reduction in interest payments.

The UK's over-55s are working longer as they fall back on their savings to meet living costs, according to research.

The risk a triple-dip recession could hit people's finances is a big worry to about a quarter of consumers, research from the Institute of Financial Planning (IFP) has revealed.

INFLATION

The UK's main inflation rate has jumped sharply to 2.7% in October, having fallen to a 34-month low of 2.2% in September.