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Today's inflation rate of 10.7% may indicate we have passed the peak, but prices are now at a much higher level which will be felt for months to come.

The monthly growth in GDP for October of 0.5% is overshadowed by the underlying three-month trend revealed by the data, which shows a contraction in the economy of 0.3%.

“The Chancellor has stayed true to his word in focusing on financial stability and targeting support for the most vulnerable in society. But in the teeth of a recession, this statement will not increase

“Today's CPI index of 11.1% shows that far from peaking, inflation continues to rise. At 19.2%, Producer Price Inflation (PPI) remains way above historical levels."

Today’s figures, showing a 0.2% fall in the quarterly estimate for Q3 GDP, as well as a 0.6% fall in monthly GDP, solidify the picture that the economy is moving towards recession, if not

The British Chambers of Commerce (BCC) has sent the Prime Minister a Business Manifesto to get firms through the tough months ahead and then power the UK’s economic recovery.

Raising the interest rate is a very blunt instrument to control inflation that is largely the result of global factors, including soaring energy costs and supply chain disruption. This is further bad news for

Inflation is back up at a 40-year high with little sign that the pressure will ease any time soon. Our research shows clearly that this is wrecking the growth prospects of many firms as

The Chancellor has a delicate balancing act to carry out. He must restore order to the markets if he is to prevent further damage to business and consumer confidence. But if he is serious

The Prime Minister was right to take some action now but the Government must quickly set out a longer-term plan to prove it is serious about helping businesses through the difficult months ahead.