Megan Greene said it is unlikely inflation persistence will ‘fade on its own accord’, and said policymakers should be ...

Professor Taylor, who backed a cut to Bank rate at the last meeting in ... The persistently high services inflation, which is impacted by rising wages, fell from 5% a month before to 4.4%, far ...

but it could have a sting in the tail if it ends up fuelling higher inflation. UK employment plunged in the weeks after Labour increased payroll taxes in its first budget. Payrolled employment dropped ...