Water companies have been urged to invest their profits in cutting bills to “rebuild” trust in the tarnished industry, as suppliers in England and Wales announced costs would jump from April.

Water UK, the industry trade body, said bills would increase by 6% or £2 a month on average next financial year – far more than the current 4% inflation rate.

But the industry said bills would have been £60 higher if they had kept pace with inflation over the past decade. However, the group’s argument will do little to reduce public outrage during a cost of living crisis for an industry that has bee

Inflation to fall to 2% target within months, Bank of England says, but will rise again.https://www.standard.co.uk...
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The Bank of England has held interest rates at 5.25% in a decision that saw its rate-setting body split three ways.

The Bank admitted it had discussed cutting borrowing costs, with inflation - which measures the pace of price rises - set to fall quickly this year.

Bank chief Andrew Bailey said it would wait for firm evidence that inflation was under control before it cuts rates.
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Shop prices rose at their slowest rate in more than 18 months in January, according to the latest report from the British Retail Consortium (BRC).

Inflation - the rate at which prices rise - has reached near-record highs in recent times, prompting a cost-of-living crisis.
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Will lower inflation deliver the windfall the Chancellor Hunt is hoping for?.https://www.cityam.com/wil...
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#UK inflation rose to 4% in December - confounding economists' forecasts. Read live updates in our Money blog, your place for consumer news, cost of living tips and the latest on the economy. Listen to the latest Ian King Business Podcast while you scroll.#

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