BossuTv Logo

UK inflation steady at 3.8% as BoE set to hold rates

Article arrow_drop_down

UK inflation remained unchanged at 3.8% in August, according to the Office for National Statistics (ONS), matching July’s figure and analysts’ expectations.

The data comes just ahead of the Bank of England’s policy meeting on Thursday, where markets widely expect the central bank to hold interest rates at 4% after cutting them last month to their lowest in 2.5 years.

The BoE has forecast inflation to peak at 4% in September, double its 2% target, suggesting a “higher-for-longer” rate environment.

Lindsay James, investment strategist at Quilter, said the figures “will keep pressure on households already contending with elevated living costs and on businesses facing squeezed demand.”

The ONS noted that airfares fell in August after a sharp July jump, but petrol, diesel and food prices continued to climb.

The government is also battling weak growth and jobs concerns. Official data showed the economy stagnated in July, while unemployment stayed at a four-year high of 4.7%.

Finance minister Rachel Reeves admitted families were “finding it tough,” but pledged to maintain a tight grip on public spending.

Britain’s economy has been sluggish since Reeves introduced tax hikes and spending cuts following Labour’s July 2024 election victory.

Still, optimism flickered this week as Microsoft and Google announced fresh UK investments, coinciding with US President Donald Trump’s state visit.

About the author

trending_flat
I miss Super Eagles — Troost-Ekong

Former Super Eagles captain William Troost-Ekong has said he misses playing for Nigeria and expressed deep regret over the team missing the 2026 FIFA World Cup co-hosted by the US, Canada, and Mexico. In his retirement note from international football in December 2025, Troost-Ekong said: "This isn't a final goodbye. My work within the Nigerian communities continues, just as my love and passion for this team will never fade". The Al Kholood defender, who plays in Qatar's Stars League, explained that his decision to retire was to give younger players an opportunity to have more playing time. Speaking to beIN SPORTS, the AFCON silver medalist admitted that it is painful to miss two World Cups within four years, referring to Nigeria's failures in 2022 and 2026. Troost-Ekong made his senior international debut for the Super Eagles on June 13, 2015, […]

trending_flat
Congo DR target Ronaldo’s Portugal scalp in historic World Cup encounter

The Democratic Republic of Congo has sent a bold and daring message to Cristiano Ronaldo ahead of the 2026 FIFA World Cup, as the Leopards prepare for their first World Cup appearance in 52 years facing Ronaldo's Portugal. DR Congo will open their 2026 World Cup campaign against Portugal on June 17 at Houston Stadium in Houston, Texas, with the match serving as a historic encounter between the African team and Ronaldo's squad. The Leopards qualified for their first World Cup since 1974 after defeating Jamaica in the intercontinental playoff final, marking a monumental achievement for the Congolese national team. Their management has warned that Cristiano Ronaldo will be in tears after the match, wanting him to start the 2026 World Cup the way he ended the 2022 edition in Qatar. DR Congo is drawn in Group K alongside Portugal, […]

trending_flat
Magical Messi equals World Cup goals record as Argentina win

Lionel Messi opened his record-breaking sixth World Cup with a stunning hat-trick as defending champions Argentina swept Algeria aside 3-0 in a Group I match at the 2026 FIFA World Cup. The three-goal performance took Messi's World Cup tally to 16, equaling German legend Miroslav Klose's all-time record for goals at World Cup tournaments. Messi scored his first goal in the 17th minute with a curling strike, before netting again in the second half from close range by gobbling up a rebound, which brought him to 16 goals and one shy of breaking the record held by Germany's Klose. With 16 goals, Messi joins West Germany's legendary Gerd Mueller and France superstar Kylian Mbappe as joint-third highest scorers in World Cup history, having already surpassed the 14 goals Mbappe netted in previous tournaments. Messi's achievement marks a historic moment in […]

trending_flat
Relief for ADC, AP as Appeal Court stops deregistration order

Several opposition political parties, including the African Democratic Congress (ADC) and Accord Party (AP), have secured temporary relief after the Court of Appeal halted the enforcement of a Federal High Court judgment ordering their deregistration by the Independent National Electoral Commission (INEC). Earlier in the week, Justice Peter Lifu of the Federal High Court in Abuja had ordered INEC to deregister ADC, Accord, Action Alliance (AA), Action Peoples Party (APP) and Zenith Labour Party (ZLP) for failing to meet the constitutional thresholds required to remain on the register of political parties. The trial court held that the parties breached Section 225A of the 1999 Constitution (as amended), which empowers INEC to deregister political parties that fail to win any elective seat or secure at least 25 per cent of the votes in relevant elections at federal, state or local government […]

trending_flat
Bloody Civilian: I have no plans to get married yet

Nigerian singer, songwriter, and producer Bloody Civilian has said she has no plans to get married yet, stating that marriage is not something she is thinking about at all. Bloody Civilian, whose real name is Emoseh Khamofu, is considered one of the most important and pioneering names in Nigerian alternative music. She recently revealed that she is going offline and dropped her phone number for fans to connect directly with her, showing her focus on maintaining closer ties with her audience. Her music has gained international recognition, including being featured on the soundtrack of "Black Panther: Wakanda Forever," which highlighted her global impact. Bloody Civilian has released several tracks including spaceified songs like SpaceFuji and Head Start, as well as Mad Apology from her "Anger Management" EP. She believes genres are limitations and continues to create music that defies traditional […]

trending_flat
Nicki Minaj: Fame made me stop going to church

Global rap superstar Nicki Minaj has revealed that fame changed her relationship with church, explaining that she stopped going when her career started taking off. Minaj explained that she was working on Friday nights and Saturday nights, which meant the last service she could attend would be on Sunday, making regular church attendance difficult. She emphasized that she stopped going to church not because she didn't want to go or did not believe, but because her busy schedule made it impossible to attend consistently. Minaj said she still wanted to go to church during those years, but the demands of her career and the timing of her work commitments prevented her from attending regularly. The rapper later reflected on her spiritual journey during an appearance at Turning Point USA AmericaFest in Phoenix, where she shared how fame and the music […]

Related

trending_flat
Trump: If you import from third-world countries, you become one

US President Donald Trump has said that any country that imports people from third-world countries will quickly become a third-world country itself, as he defended his administration’s tougher immigration stance. Trump originally wrote on Truth Social, “If you import The Third World, you become The Third World,” and later adjusted the wording to say, “Sadly, if you import people from Third World Countries, you quickly become a Third World Country — and there’s not a thing you can do about it”. He linked this argument to his broader push to tighten migration rules, including plans to “permanently pause” migration from what he calls third-world countries so the US system can “fully recover”. The president has also signalled intentions to remove migrants he considers not a “net asset” to the US and to end federal benefits and subsidies for noncitizens he […]

trending_flat
Trump says Russia should make a deal with Ukraine to end war

US President Donald Trump has said that Russian President Vladimir Putin and Ukrainian President Volodymyr Zelensky are both open to "do something" about the ongoing war in Ukraine, raising fresh questions about possible diplomatic efforts to reduce tensions and advance negotiations. Trump's remarks come as international attention remains focused on prospects for a ceasefire, peace talks, and broader efforts to bring an end to the conflict. While no specific framework or proposal was outlined, the comments have sparked discussion among political observers and foreign policy experts about whether renewed diplomatic momentum could emerge. Trump told reporters that his attention is turning back to Russia and Ukraine after concluding a short-term deal with Iran, and he said the focus will now be on Russia's war in Ukraine. The President's comments suggest both leaders may be willing to pursue a peace agreement, […]

trending_flat
Norway Crown Princess’s Son Jailed for Rape

Marius Borg Høiby, the son of Norway's Crown Princess Mette-Marit, has been sentenced to four years in prison after being convicted on two counts of rape and several other criminal offences by the Oslo District Court. The 29-year-old was cleared of two additional rape charges but found guilty of multiple offences involving violence, abuse and reckless conduct. Høiby attended the verdict hearing via video link due to health-related reasons and was not physically present in the courtroom. Prosecutors had sought a prison sentence of seven years and seven months, while the defense argued for a significantly shorter term of 18 months. His legal team has indicated that an appeal is likely. The case has attracted widespread attention in Norway because of Høiby's close connection to the royal family. Although he holds no royal title, he was raised alongside members of […]

trending_flat
Russian Strikes Damage Kyiv Cathedral, Kill 11

At least 11 people have lost their lives following a series of Russian missile and drone strikes across Ukraine, including attacks that caused significant damage to Kyiv's historic Dormition Cathedral, according to Ukrainian President Volodymyr Zelensky. Four fatalities were reported in Kyiv after residential areas came under attack, while five emergency responders were killed in the northeastern city of Kharkiv while battling a blaze triggered by a strike. Ukrainian authorities said dozens of others were injured nationwide. The Dormition Cathedral, a landmark dating back to the 11th century and part of the Kyiv-Pechersk Lavra monastery complex, suffered extensive damage during the overnight assault. Zelensky described the attack as a serious blow to Ukraine's religious and cultural heritage. Images from the site showed a large breach in one section of the cathedral, with parts of the roof destroyed by fire. The […]

trending_flat
US-Iran Deal May Ease Global Economic Pressure

More than three months after the conflict involving the United States, Israel and Iran began, Washington and Tehran have reached a framework agreement aimed at reducing tensions and laying the groundwork for a longer-term resolution. A key component of the agreement is the planned reopening of the Strait of Hormuz, one of the world's most important maritime trade routes. The waterway normally handles nearly 20% of global oil and liquefied natural gas shipments, making it critical to international energy markets. The disruption of traffic through the strait since late February triggered sharp increases in global energy prices and raised concerns about supply shortages. While the new agreement has been welcomed by markets, shipping activity in the region remains limited, highlighting the challenges involved in restoring normal operations. Industry experts caution that a full recovery will take time. Hundreds of vessels […]

trending_flat
Israel says it won’t withdraw troops from Lebanon, Syria, Gaza

Israel's Defense Minister Israel Katz has declared that Israeli troops will remain indefinitely in "security zones" in the Gaza Strip, Lebanon and Syria, marking a major policy shift in the country's military approach to border security. Katz emphasized that unlike previous instances, the Israeli military is not retreating from areas that have been cleared and taken, stating that troops will remain in the security zones acting as a buffer between adversaries and Israeli communities "regardless of whether the situation in Gaza is temporary or permanent" – similar to the approach in Lebanon and Syria. The defense minister's announcement comes after Israel unilaterally expanded its frontiers in the war unleashed by Hamas' October 7, 2023 attack, and the military strengthens its control over various occupied regions. Israel says it must maintain control of what it refers to as security zones to […]

Login to enjoy full advantages

Please login or subscribe to continue.

Go Premium!

Enjoy the full advantage of the premium access.

Stop following

Unfollow Cancel

Cancel subscription

Are you sure you want to cancel your subscription? You will lose your Premium access and stored playlists.

Go back Confirm cancellation