Inflation rose to 3.1% in November, according to the Office for National Statistics (ONS), beating previous estimates that it would hold steady at 3%.
The UK economy beat forecasts to grow by 0.4% in Q3, according to the latest figures from the Office for National Statistics (ONS), further increasing the likelihood of a Bank of England interest rate rise next Thursday.
Occupational pension scheme membership hit yet another record high in 2016, with more than 39.2 million saving through their workplace, latest Office for National Statistics (ONS) data reveal.
UK households have not stopped saving to go on a debt-fuelled consumer spending spree, according to research from Royal London, despite official figures revealing the savings ratio is at a record-low.
Unchanged from previous month
Retirees have seen their disposable income grow by around £3,000 since the end of the 2008 financial year, latest data reveals.
Over two-thirds of the eligible population are saving into a workplace pension, reaching a new all-time high, according to the Office for National Statistics (ONS).
The number of active members of occupational schemes has returned to the record high set 33 years ago, according to the Office for National Statistics (ONS).
This week's top stories included coverage of the Pensions Regulator issuing the maximum fine to a professional trustee, ABI's data on pension freedoms, and rising inflation.