Rolling coverage of the latest economic and financial news More on the cost of living: new figures show that UK grocery inflation eased in the four weeks to 12th July to 2. 6%, its lowest rate since December 2024. It marks the fifth consecutive month of slowing price rises, Worldpanel by Numerat...
Source: [Guardian World](https://www.theguardian.com/global/live/2026/jul/21/burnham-cuts-vat-electricity-bills-uk-borrowing-debt-economy-news-latest)