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Analysis of the latest UK and international economic indicators
Analysis of the latest UK and international economic indicators
Inflation measures the change in prices over time. Find the latest data on inflation in the UK, the Eurozone, and selected EU countries.
Inflation measures the change in prices over time. Find the latest data on inflation in the UK, the Eurozone, and selected EU countries.
Andy Burnham has announced several policies to help people with the cost of living, with average prices having risen 30% since 2021.
Andy Burnham has announced several policies to help people with the cost of living, with average prices having risen 30% since 2021.
Inflation measures the change in prices over time. Find the latest data on changes in UK consumer prices, measured by CPI and RPI.
Inflation measures the change in prices over time. Find the latest data on changes in UK consumer prices, measured by CPI and RPI.
To ask the Chancellor of the Exchequer, if she will review the annual allowance for the Rent a Room Scheme to allow it to catch up with inflation.
To ask the Chancellor of the Exchequer, if she will review the annual allowance for the Rent a Room Scheme to allow it to catch up with inflation.
The Rent a Room Scheme lets individuals earn up to a threshold of £7,500 per year tax free from letting out furnished accommodation in their home.
Increasing the allowance would carry a cost, and doing so is not currently under active consideration. Although, all tax policies are kept under review in advance of Budgets and this representation will be considered.
Motion, That this House has considered expenses rates for employees travelling outside the UK. Agreed to on question.
Motion, That this House has considered expenses rates for employees travelling outside the UK. Agreed to on question.
I beg to move,
That this House has considered expenses rates for employees travelling outside the UK.
It is a pleasure to serve under your chairmanship, Sir Christopher. I am calling on the Government to ensure that serious consideration is given to reassessing the scale rates for expenses and subsistence paid to...
I beg to move,
That this House has considered expenses rates for employees travelling outside the UK.
It is a pleasure to serve under your chairmanship, Sir Christopher. I am calling on the Government to ensure that serious consideration is given to reassessing the scale rates for expenses and subsistence paid to...
I represent Horsham, an adjacent constituency, and very much experience the same problems, so the issue is not rare. I have many cabin crew in my area who say the same thing. One of the people affected is trying to get leave to remain, but the visa application is made...
I represent Horsham, an adjacent constituency, and very much experience the same problems, so the issue is not rare. I have many cabin crew in my area who say the same thing. One of the people affected is trying to get leave to remain, but the visa application is made...
I take that fully on board. I am delighted that the hon. Member is here for this debate.
There are cities in Europe where the situation is even more pronounced than in Amsterdam. In Budapest, the total residual rate set in 2013 and unchanged since 2014 has been eaten away by...
I take that fully on board. I am delighted that the hon. Member is here for this debate.
There are cities in Europe where the situation is even more pronounced than in Amsterdam. In Budapest, the total residual rate set in 2013 and unchanged since 2014 has been eaten away by...
It is a pleasure to speak in this debate with you in the Chair, Sir Christopher. I thank my hon. Friend the Member for Crawley (Peter Lamb) for raising this important issue today and for the work that he and neighbouring MPs, on a cross-party basis, have been doing to...
It is a pleasure to speak in this debate with you in the Chair, Sir Christopher. I thank my hon. Friend the Member for Crawley (Peter Lamb) for raising this important issue today and for the work that he and neighbouring MPs, on a cross-party basis, have been doing to...
To ask His Majesty's Government what assessment they have made of the impact of investment in artificial intelligence data centres on inflationary pressures in the UK economy.
To ask His Majesty's Government what assessment they have made of the impact of investment in artificial intelligence data centres on inflationary pressures in the UK economy.
HM Treasury continuously monitors developments in the economy, including the drivers of inflation and wider cost-of-living pressures. The inflationary impact of investment in AI data centres will depend on its scale, timing and interaction with wider supply conditions. While investment in AI data centres could in principle add to inflationary pressures, we have not seen evidence to date of a significant impact in the aggregate inflation data.
The Office for Budget Responsibility’s (OBR) forecast that inflation was due to return close to target in Q2 this year, before the impact of the war in Iran began to increase motor fuel prices.
The Monetary Policy Committee at the Bank of England has responsibility for controlling inflation, and the Government has full confidence that it will sustainably return inflation to the 2 per cent target. The Government supports the Bank of England through responsible fiscal policy, alongside targeted support for the cost of living. The OBR forecast that government policy will reduce CPI inflation by 0.4 percentage points in 2026/27.
The Chancellor set out a package of measures on 21 May to support families and businesses. This covered:
- A package to support motorists including through changes to fuel duty,
the Heavy Goods Vehicle (HGV) Levya 12-month Vehicle Excise Duty (VED) holiday for the majority of HGVs and tax-free...
The Chancellor set out a package of measures on 21 May to support families and businesses. This covered:
- A package to support motorists including through changes to fuel duty,
the Heavy Goods Vehicle (HGV) Levya 12-month Vehicle Excise Duty (VED) holiday for the majority of HGVs and tax-free...
To ask His Majesty's Government what progress they have made in (1) meeting, and (2) addressing the problems facing, the AEA Technology pension scheme members who have lost their final salary inflation uplifts and part of their pensions.
To ask His Majesty's Government what progress they have made in (1) meeting, and (2) addressing the problems facing, the AEA Technology pension scheme members who have lost their final salary inflation uplifts and part of their pensions.
Minister for Pensions met with Viscount Thurso on 15 June to discuss AEA Technology as per the commitment made during the passage of the Pensions Schemes Act 2026.
We recognise the very real challenges that AEAT pension scheme members have faced given the insolvency of their employer and their entry into the Pension Protection Fund.
The Pension Schemes Act 2026 provides for annual increases on compensation payments from the Pension Protection Fund that relate to pensions built up before 6 April 1997, where schemes provided for this.
AEA Technology pension scheme members with pre-97 accrual will benefit from this change.
This interactive dashboard shows data on economic growth, inflation, trade, employment, government borrowing and debt across the UK.
This interactive dashboard shows data on economic growth, inflation, trade, employment, government borrowing and debt across the UK.
To ask the Secretary of State for Work and Pensions, what methodology is used in the annual uprating assessment of Bereavement Support Payment; and whether CPI inflation is explicitly incorporated into decisions on maintaining its real-terms value.
To ask the Secretary of State for Work and Pensions, what methodology is used in the annual uprating assessment of Bereavement Support Payment; and whether CPI inflation is explicitly incorporated into decisions on maintaining its real-terms value.
The rate of Bereavement Support Payment (BSP) is reviewed annually on a discretionary basis as part of the uprating process. As BSP is not a cost‑of‑living benefit, it is not automatically linked to inflation. While factors such as Consumer Prices Index (CPI) may be considered in the annual review, there is no requirement to link to CPI and no fixed methodology for determining changes to its value.
To ask the Secretary of State for Work and Pensions, what assessment the Department has made of the real-terms value of Bereavement Support Payment since its introduction in April 2017, including the change in value adjusted for CPI inflation in each financial year.
To ask the Secretary of State for Work and Pensions, what assessment the Department has made of the real-terms value of Bereavement Support Payment since its introduction in April 2017, including the change in value adjusted for CPI inflation in each financial year.
The rate of Bereavement Support Payment (BSP) is reviewed annually on a discretionary basis as part of the uprating process. As BSP is not a cost‑of‑living benefit, it is not automatically linked to inflation. While factors such as Consumer Prices Index (CPI) may be considered in the annual review, there is no requirement to link to CPI and no fixed methodology for determining changes to its value.
To ask the Chancellor of the Exchequer, whether her Department has made an assessment of the potential impact of extending the fuel duty freeze on CPI inflation.
To ask the Chancellor of the Exchequer, whether her Department has made an assessment of the potential impact of extending the fuel duty freeze on CPI inflation.
I refer the honourable member to the answer given to UIN 9699 on 23 June 2026.
Bereavement benefits have not been uprated for 10 years, and they simply do not recognise the lifelong impact of early bereavement on children and surviving parents. Will the Minister look again at uprating bereavement support benefits in line with inflation?
Bereavement benefits have not been uprated for 10 years, and they simply do not recognise the lifelong impact of early bereavement on children and surviving parents. Will the Minister look again at uprating bereavement support benefits in line with inflation?
I appreciate the point the hon. Lady is making. I am not in a position to confirm an uprating from the Dispatch Box, but this will be considered in the usual way as part of the annual uprating process. There is a forthcoming debate in Westminster Hall in response to a petition on the adequacy of bereavement support payments, and I am sure she will participate fully in that debate, if she is able to, to make the case further.
I appreciate the point the hon. Lady is making. I am not in a position to confirm an uprating from the Dispatch Box, but this will be considered in the usual way as part of the annual uprating process. There is a forthcoming debate in Westminster Hall in response to a petition on the adequacy of bereavement support payments, and I am sure she will participate fully in that debate, if she is able to, to make the case further.
I appreciate the point the hon. Lady is making. I am not in a position to confirm an uprating from the Dispatch Box, but this will be considered in the usual way as part of the annual uprating process. There is a forthcoming debate in Westminster Hall in response to a petition on the adequacy of bereavement support payments, and I am sure she will participate fully in that debate, if she is able to, to make the case further.
Bereavement benefits have not been uprated for 10 years, and they simply do not recognise the lifelong impact of early bereavement on children and surviving parents. Will the Minister look again at uprating bereavement support benefits in line with inflation?
The Bank of England has held UK interest rates at 3.75% for the fourth month in a row following continued concerns about inflation.
The Bank of England has held UK interest rates at 3.75% for the fourth month in a row following continued concerns about inflation.