Author: BBC

Prices in the UK are no longer rising as fast as wages, official figures show.However, inflation of 4% in December was still significantly above the Bank of England’s target, meaning knock-on effects for interest rates.What does inflation mean? Inflation is the increase in the price of something over time.For example, if a bottle of milk costs £1 but is £1.05 a year later, then annual milk inflation is 5%. How is the UK’s inflation rate measured?The prices of hundreds of everyday items, including food and fuel, are tracked by the Office for National Statistics (ONS).The ONS looks at price changes…

Read More

Sara Cox has told Radio 2 listeners she is devastated, after hearing that legendary DJ Steve Wright has died aged 69.Wright presented programmes for BBC Radio 1 and Radio 2 for more than four decades.He joined the BBC in the 1970s and went on to host the afternoon shows on Radio 1 and Radio 2.He also fronted television programmes for the BBC, including Top of the Pops.Wright was last on air on Sunday, hosting a pre-recorded special Valentine’s Day edition of his Love Songs programme. Source link

Read More