Advertisement
UK markets closed

  • NIKKEI 225

    38,835.10
    +599.03 (+1.57%)
     

  • HANG SENG

    18,479.37
    -98.93 (-0.53%)
     

  • CRUDE OIL

    78.49
    +0.01 (+0.01%)
     

  • GOLD FUTURES

    2,321.50
    -9.70 (-0.42%)
     

  • DOW

    38,870.69
    +18.42 (+0.05%)
     

  • Bitcoin GBP

    50,383.84
    -372.63 (-0.73%)
     

  • CMC Crypto 200

    1,307.81
    -57.31 (-4.19%)
     

  • NASDAQ Composite

    16,325.75
    -23.50 (-0.14%)
     

  • UK FTSE All Share

    4,522.99
    +53.90 (+1.21%)
     
Money:

The retirement income gap no-one is talking about

People are living longer than ever before and this can impact how you plan for retirement

Citi cuts peak UK CPI forecast to 11.7% after energy cap

Reuters
·1-min read
A man shops for fruit and vegetables in Brixton, London

LONDON (Reuters) - British consumer price inflation is now likely to peak at 11.7% in January, down from a previous estimate of 17.4%, following a household energy price cap announced by Prime Minister Liz Truss on Thursday, economists at U.S. bank Citi estimated.

Government debt issuance was likely to rise to 164 billion pounds ($189 billion) for the 2022/23 financial year and to 287 billion pounds for 2023/24, but exact forecasts were hard ahead of a government fiscal statement later this month, Citi added.

($1 = 0.8691 pounds)

(Reporting by David Milliken, editing by Andy Bruce)