Live updates


  1. Richard Edgar

Inflation figures to stay where they are for some time

Energy prices used to get the blame for pushing up inflation but not this month.

Small rises from some energy companies were cancelled out by the removal of green taxes.

Read: Fuel bill cuts after Government pledge

Looking at the detail of the components of inflation usually gives some insight in which way the wind is blowing but this month things look to have ground to a halt.

Prices have fallen for unusual things, whilst upward pressure came from items such as baby wipes and toothbrushes. Credit: Reuters

Prices have fallen for peculiar things like "cultural events" - winter prices are lower at some attractions ­and DVDs.

Upward pressure came from baby wipes and toothbrushes. I¹m not making this up.

Reading the runes in that mix would be very hard except perhaps the very lack of direction tells us that inflation will stay where it is for some time.

Alexander: The long term economic plan is working

Chief Secretary to the Treasury Danny Alexander has said that today's inflation figures are evidence the long term economic plan "is working."

Inflation falling below 2% for the first time since November 2009 is further evidence that our long term economic plan is working. Controlling inflation and rebuilding our economy are the only sustainable ways to secure living standards for the future.

– Danny Alexander


House prices rose by 5.5% in the year to December

Media studies graduates 'receive lowest average wage'

The Office for National Statistics (ONS) has revealed media and information studies graduates have the second highest employment rate but the receive the lowest average salary.

Employment rate by main subject of undergraduate degree. Credit: Twitter/@ONS

Those with a degree in medicine top both lists, with the figures showing those graduates have an average salary of £46,000 per year.

Average gross annual wage by main subject of undergraduate degree. Credit: Twitter/@ONS

Graduates with a degree in media and information studies come bottom, with an average salary of £21,000.

Graduates employed in non-graduate roles from April-June 2001 to April-June 2013. Credit: Twitter/@ONS

The ONS also said that this year 47% of employed recent graduates are in non-graduate jobs - up from 37% in 2001.

Load more updates