Rolling coverage of the latest economic and financial news
- Workers entitled to ask for pay rise, says Keir Starmer
- ‘We’ve had a run on champagne:’ Biggest UK banker bonuses since financial crash
- UK wage growth picks up in January but pay fails to keep pace with inflation
- UK cost of living crisis: the squeeze is on – here’s what you can do
ONS chief economist, Grant Fitzner, says there were fewer January sales than usual last month – which helped push inflation to a new 30-year high.
“Clothing and footwear pushed inflation up this month and although there were still the traditional price drops, it was the smallest January fall since 1990, with fewer sales than last year.”
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