UK GDP rose by 0.9% in November, considerably ahead of the 0.4% predicted by analysts, taking it back above pre-pandemic levels for the first time.

UK economy grew to pre-pandemic size ahead of Omicron outbreak

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How Much Is Your Car Worth? - ITV Tonight

January 1 sees a new set of stricter post-Brexit customs rules come into place for companies trading with the EU.  

Brexit: New customs rules explained amid warnings they could lead to shortages

New data from UKHospitality found city centres were particularly hard hit as Christmas parties were cancelled and people returned to home-working.

Restaurants, bars and pubs ‘lost average of £10,000 in week before Christmas’

Economists say there were much weaker performances from health and hairdressers across the quarter.

UK economy growth slower than first thought between July and September

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A Merrier Christmas? - Tonight

The Bank of England moved to put up interest rates because it is worried about the pace at which prices are rising.

Bank of England moves to contain inflation with interest rate rise

"Saving Money at Christmas: The Big Squeeze?" is on ITV Tonight at 7:30pm

Saving Money at Christmas: The Big Squeeze? - ITV Tonight

The bank's monetary policy committee (MPC) of nine members voted eight to one in favour of increasing the interest rates for the first time in three years. 

Bank of England raises interest rates to 0.25% from 0.1%

Prices are rising faster than pay and - barring an Omicron-shaped curve-ball - they will accelerate further in the months to come, Joel Hills writes.

Inflation: Running hot and causing hardship 

Hotels, pubs, bars, gyms and restaurants say their customers are disappearing 'into their rabbit holes' again, writes Joel Hills.

Vacancies at record high but hotels and pubs warn of job losses as Covid spreads

A server carries a tray of drinks from a pub in the Grassmarket in Edinburgh, as beer gardens, non-essential shops, restaurants and cafes, along with swimming pools, libraries and museums in Scotland reopen today after lockdown restrictions have eased. Picture date: Monday April 26, 2021. Andrew Milligan/PA 

Analysts had expected that gross domestic product (GDP) would rise by 0.4% during October, with monthly output still 0.5% below pre-pandemic levels.

UK economy slows in October to 0.1% growth with big fall in hospitality

Prices are now almost certainty rising at a faster pace than pay and are expected to continue their acceleration for the next six months, Joel Hills predicts.

Inflation surges as markets bet on an interest rate rise in December

Today official figures confirmed that inflation has gone up - so what are the things that are affected? 

Inflation: The five things that are going up in price and why?

The Office for National Statistics said Consumer Prices Index inflation rose to 4.2% last month from 3.1% in September.

Economy

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