Ey Item Club

The Bank of England has raised interest rates from 0.1% to 0.25% in an attempt to fight rising inflation. The increase marks the first time that the bank's Monetary Policy Committee (MPC) has risen the rate in more than three years.

UK consumer price inflation rose by 4.6% in the 12 months to November 2021, according to the latest figures published by the Office for National Statistics (ONS).

UK GDP edged closer to its pre-pandemic level in October, growing by 0.1%, according to the latest figures published by the Office for National Statistics (ONS).

The UK economy grew by 0.4% in August, according to the latest figures from the Office for National Statistics (ONS).

Annual house price growth rose to 11.0% from 10.5% in July, according to the latest Nationwide House Price Index.

UK Government public sector borrowing reached £10.4 billion in July, however, this was £10.1bn less than in July 2020.

UK retail sales fell by 2.5% month-on-month in July, according to the latest figures released by the Office for National Statistics (ONS).

The UK economy grew by 4.8% between April and June, according to the latest figures published by the Office for National Statistics (ONS).

Consumer price inflation rose by 2.4% in June, up from 2.1% reported in May, according to the latest figures published by the Office for National Statistics (ONS).

UK gross domestic product (GDP) is estimated to have grown by 0.8% in May 2021, according to the latest figures from the Office for National Statistics (ONS).

Annual house price growth rises to 13.4%, the highest level since November 2004, according to the latest Nationwide House Price Index.

The Bank of England (BoE) has forecast that annual inflation would likely surpass 3% for a "temporary period". Yesterday, the bank announced the revised forecast at its monthly Monetary Policy Committee meeting where it also decided to hold the UK base rate at 0.1%.

The UK's GDP grew 2.3% in April as lockdown restrictions eased across the country, according to the latest figures published by the Office for National Statistics (ONS).

UK house prices rose 1.3% month-on-month in May, which lifted the annual rate of increase to a near seven-year high of 9.5%, according to the latest Halifax House Price Index.

Consumer price inflation more than doubled in April to a 13-month high of 1.5%, according to the latest figures released by the Office for National Statistics (ONS).