Rachel Reeves

UK Inflation Jumps More Than Expected In January

British inflation reached a 10-month high of 3.0% in January and is likely to rise further, testing the Bank of England’s confidence.

Unilever said it would demerge its ice cream business and picked Amsterdam as its primary listing venue, it announced on Thursday.

Prices in British shops fell less sharply in January than in December and food costs rose at the fastest monthly pace since April last year.

British consumer confidence sank this month to its lowest level in over a year, according to a survey from GfK.

British retail sales fell unexpectedly in December according to data that raised the risk of an economic contraction in the fourth quarter.

British inflation unexpectedly slowed to an annual rate of 2.5% in December – down from 2.6% in November, official figures have shown.

Shoppers in the UK last month saw the sharpest fall in prices in more than three years but 2025 spells a return to higher costs, the BRC said.

The number of people visiting British shops last year fell by 2.2% in the biggest drop since 2021, industry data showed on Friday.

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