5
Jul

Economy
UK Inflation Slows to 3.4% in May, Pressures Persist for Households as Bank of England Holds Rates
UK inflation has edged down to 3.4% in May 2025, offering some relief but leaving services and housing costs high. The Bank of England left rates unchanged at 4.25%, citing ongoing risks and a sluggish economy. Households are still feeling the squeeze from persistent service and rent inflation.
Kellan Fitzpatrick