UK Cost of Living: Niesr Warns of £24bn Fiscal Squeeze as BoE Rate Decision Looms

3.8% — the peak inflation forecast from the National Institute of Economic and Social Research (Niesr), expected early next year. That trajectory is set to slash Chancellor John Healey's spending power by a real-terms £24bn, forcing a stark choice between tax hikes and deep cuts to public services.

Money Moves

• Shop price inflation slows to 0.9% — Down from 1.2% in June, offering a rare glimmer of relief as retailers slashed prices on food and clothing...