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Interest rates will be cut in August, according to major investment banks, even after inflation came in higher than expected last month.

Halifax announced that it will cut selected mortgage rates for movers and first-time buyers by up to 0.19 percentage points

Morrisons has confirmed that on bank holiday Monday, May 27, shops in England and Wales will open under slightly different trading hours - here is everything you need to know

On the back of continued strong inflationary pressures in the service sector, as evident in the April inflation print, we revise our BoE call. We now expect the first 25bp cut in August (prev. June). We expect quarterly cuts from August…

Price rises in critical indicator of services sector slipped only marginally in April

Four mildly interesting updates

Inflation in the U.K. fell sharply to its lowest level in nearly three years in April on the back of big declines in domestic bills

By PAN PYLAS Associated Press LONDON (AP) — Inflation in the U.K. fell sharply to its lowest level in nearly three years in April on the back of big declines in domestic bills. The Office for National Statistics said Wednesday that…

The U.K.’s consumer prices were 2.3% higher in April, nearing the Bank of England’s target and opening the way for a rate cut in the coming months, although prices of services continued to rise at a pace that will concern policymakers.

The sharp fall in the Consumer Prices Index was driven by the lower energy price cap an lower food bills

The Consumer Price Index (CPI) is the main measure of inflation and it shows how the prices of goods and services have changed over time - and today's level is the closest it has been to the Bank of England's target of 2% in three years

The UK economy has been a major focus point for the Conservatives and Labour before the July 4 general election

Doom & boom; THE IMF is wrong far too often now for its forecasts to be taken too seriously.

Doom & boom; THE IMF is wrong far too often now for its forecasts to be taken too seriously.

The forecast raises hopes of a cut in interest rates by the Bank of England