UK shop prices fell by 0.1% in August 2024, marking the first decline since November 2021. Driven by easing food inflation and discounts in non-food sectors, this drop offers some relief to consumers amid ongoing economic challenges.⬤
UK inflation rose to 3% in January 2025, moving further from the Bank of England’s 2% target. Despite rate cuts, prices remain high, driven by food costs and VAT changes. Wage growth outpaces inflation, but rising living costs continue to strain households.
Join us for the inaugural UKTW Tech Exchange on 19 March 2025 in Taipei. This event will bring together industry leaders, investors, and policymakers to explore UK-Taiwan collaboration in technology and business. Don’t miss this opportunity to connect and grow globally.
Donald Trump has not confirmed tariffs on the UK but may still indirectly impact the economy through slowed global trade growth, increased borrowing costs, and diverted exports. Analysts warn of risks to industries like steel and automotive, as well as financial market volatility.
Taiwan’s booth at the 2025 London Travel Show captivated visitors with its “Waves of Wonder” theme, showcasing the island’s rich culture and landscapes. Interactive activities and special promotions highlighted Taiwan as a top destination for travelers.
