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UK inflation falls sharply to 3.2% amid slowdown in food price rises

about 10 hours ago
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UK inflation fell by more than expected in November to the lowest level in eight months amid a slowdown in food prices, clearing the way for the Bank of England to cut interest rates on Thursday.In a crunch week for the economy, the Office for National Statistics said the rate as measured by the consumer prices index eased to 3.2% last month from a reading of 3.6% in October.City economists had forecast a modest drop to 3.

5%.Strengthening the case for the Bank to cut borrowing costs for a sixth time, the slowdown in the headline rate to the lowest level since March was fuelled by falling pre-Christmas food prices and Black Friday discounts.Grant Fitzner, the ONS chief economist, said: “Lower food prices, which traditionally rise at this time of the year, were the main driver of the fall, with decreases seen particularly for cakes, biscuits, and breakfast cereals.“Tobacco prices also helped pull the rate down, with prices easing slightly this month after a large rise a year ago.The fall in the price of women’s clothing was another downward driver.

”Analysts said a cut in the Bank’s base rate was “all-but nailed on” before its policymakers meeting on Thursday, as faltering economic growth and rising levels of unemployment bear down on inflationary pressures.“November’s drop in UK inflation is just the latest sign that price pressures are abating and that the Bank of England has more work to do.We expect a rate cut on Thursday and two more next year,” said James Smith, the developed markets economist at ING.The pound fell by 0.7% against the dollar on the currency markets.

Trading in financial markets reflects a more than 90% chance of a quarter-point cut in the base rate from the current level of 4%.Government borrowing costs also fell.The latest reading showed inflation in food and drink prices slowed from 4.9% in October to 4.2%, with the cost of products such as cakes, biscuits and breakfast cereals falling this year after rising a year ago.

Kris Hamer, the director of insight at the British Retail Consortium, said extensive discounting across Black Friday month had contributed to the decline, alongside big pre-Christmas promotions.“As a result, there were deals to be had, with bigger discounts seen for some meat products such as pork, lamb and chicken.”The price of some food products tumbled sharply compared with a year earlier, including a 16.2% drop in olive oil, a 6.1% decline in flours and other cereals, and a 4.

2% drop in the price of pasta products and couscous,Further strengthening the case for a rate cut, core inflation – which excludes volatile items including energy and food, and is closely monitored by the Bank – also cooled from 3,4% to 3,2%,The chancellor, Rachel Reeves, made tackling the cost of living a major target of last month’s autumn budget, alongside £26bn of tax increases to help repair the public finances and fund the end of the two-child benefit cap.

The Bank has said it expects the chancellor’s measures – including relief on energy bills, prescription charges and fuel duty – could cut headline inflation by as much as half a percentage point next year.“Getting bills down is my top priority,” Reeves said.“I know families across Britain who are worried about bills will welcome this fall in inflation.”Despite the slowdown in November, the UK’s headline inflation rate remains significantly above the 2% target set by the government.Some economists warned that the UK still faced pressures from inflation that could limit the Bank from cutting interest rates much further in 2026.

Mel Stride, the shadow chancellor, said: “While a fall in inflation is welcome, prices are still rising at well above the target rate, which will be deeply concerning for families.”Campaigners said consumer prices remained significantly higher than in 2021, before the inflation shock took hold.Chris Belfield, the chief economist at the Joseph Rowntree Foundation poverty charity, said 7 million households were heading into Christmas unable to afford essential items.“Meanwhile, more people are looking for work with unemployment figures up to pre-pandemic levels and real earnings are barely growing.”
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All about the baby cheeses: how to curate a festive cheeseboard to remember

What should I serve on my Christmas cheeseboard?David, via emailIt will come as no surprise that Mathew Carver, founder of Pick & Cheese, The Cheese Barge and Rind, eats a lot of cheese, so in an effort to keep his festive selection interesting, he usually focuses on a specific area or region: “Last year, for instance, I spent Christmas in Scotland and served only local cheese.” Wales is up later this month. “I’m a creature of habit and tend always to go back to the cheeses I love, so this strategy makes me try new ones,” he explains – plus there’s nothing to stop you slipping in a classic such as comté in there too, because, well, Christmas.Unless you’re going for “the baller move” of just serving one glorious cheese, Bronwen Percival, technical director of Neal’s Yard Dairy, would punt for three or four “handsome wedges, rather than slivers of too many options”. After all, few have “the time or attention for a board that needs a lot of explaining”

1 day ago
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How to make nesselrode pudding – recipe | Felicity Cloake's Masterclass

A luxurious iced dessert stuffed full of boozy dried fruit, candied peel and frozen chestnut pureeThis festive, frozen chestnut puree dessert is often credited to the great 19th-century chef Antonin Carême, even though the man himself conceded that this luxurious creation was that of Monsieur Mony, chef to the Russian diplomat Count Nesselrode (albeit, he observed somewhat peevishly, inspired by one of his own chestnut puddings). It was originally served with hot, boozy custard – though I think it’s just enough as it is – and it makes a fabulous Christmas centrepiece,Prep 15 min Soak Overnight Cook 20 min Freeze 2 hr+ Serves 6125g currants, or raisins or sultanas50g good-quality candied peel, finely chopped75ml maraschino, or other sweet alcohol of your choice (see step 2)1 vanilla pod, split, or 1 tsp vanilla extract600ml whipping cream 4 egg yolks 50g caster sugar 45g flaked almonds 125g whole peeled cooked chestnuts, or unsweetened chestnut pureePut the fruit and peel in a bowl. Mony’s recipe is reported to have contained currants and raisins (though other vine fruit, or indeed any chopped dried fruit you prefer, will work), as well as candied citron, the peel of a mild, thick-skinned citrus, which is available online, as are other candied peels that are far nicer than those chewy, greasy nubs sold in supermarkets.Add the alcohol: maraschino, an Italian sour cherry liqueur, is the original choice, but Claire Macdonald uses an orange triple sec, Victorian ice queen Agnes B Marshall brandy and noyaux, an almond-flavoured liqueur made from apricot kernels, and Regula Ysewijn mixes maraschino with dark rum. Madeira, sherry, port, etc, would surely be good, too

3 days ago
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Festive food for less: Christmas dinner with all the cost trimmings

Figures show that the total cost of the all-important Christmas dinner is up 5% on a year ago, with the price of important elements such as pigs in blankets and stuffing up by 7%.With the cost of living still biting, however, a supermarket price war is taking some of the sting out of high food costs – with Aldi and Lidl selling the ingredients for a main Christmas meal for eight for less than £12.According to exclusive data prepared for Guardian Money by the analysts Assosia, the price of a frozen extra-large turkey is up 10p a kilogram to £3.70 (a 3% rise on a year ago) – which for an 8kg bird works out at £29.60

3 days ago
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The 12 condiments of Christmas

Salt, sweet, bitter, acid, umami. While we don’t think to use too much “sweet” before dessert, it can counterbalance and enhance other flavours. Maple syrup is my sweetener of choice during the holidays because it just tastes cozy. Add it to roasted root vegetables or a poultry glaze, and it’s especially tasty in drinks, from hot apple cider to eggnog and even mulled wine.I’ve never met anyone who didn’t like butter, or ooh and ah at a homemade one

3 days ago
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‘Every chef should train here’: Turkish restaurant ranks fourth on list of London’s top food spots

On a list of London’s best restaurants, you would expect to see the usual Michelin-starred suspects such as The Ledbury, Ikoyi and The Ritz. But high among these culinary heavyweights sits a humble salonu tucked away in the depths of north London.Neco Tantuni, a small Turkish eatery specialising in the foodie delights of Mersin, a city located on the southern coast of Turkey, has been crowned the fourth best restaurant in London by Vittles, the trendy food magazine that has become a bible for those looking for the best (and more off-the-radar) grub in the capital.“I’m totally shocked,” says Eren Kaya, whose parents hard graft has resulted in their restaurant, situated in a far-flung corner of Enfield, being placed near the top of the 99-strong list.The small shop, which was a greasy spoon cafe before being transformed into the hugely popular food hotspot, hasn’t fully shed the character of its former self

4 days ago
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Ho, ho, Hamburg: bringing the flavours of a true German Christmas market home

From glühwein to lebkuchen, bratwurst to stollen, recreating the delicacies I sampled in the city’s festive markets is wholly achievable. Plus, a new digital cookbook for a good cause Sign up here for our weekly food newsletter, FeastWithout wanting to sound tediously Scrooge-like, the German-style markets that have become seasonal fixtures in many British cities over the last few decades never make me feel particularly festive. What’s remotely Christmassy – or German – about Dubai-chocolate churros and Korean fried chicken, I grumble as I drag the dog (who enjoys all such things) around their perimeters.Hamburg’s markets, however, which I was myself dragged around last weekend, are a very different story. For a start, the city has many of them, mainly fairly small – and some, such as the “erotic Christmas market” in St Pauli, with a particular theme

6 days ago
sportSee all
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The Spin | Bradman’s greatest hour: how Australia came from 2-0 down to win the Ashes

about 8 hours ago
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‘Very TikTok-able’: sumo wrestling’s unlikely British boom

about 9 hours ago
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‘Cool Hand’ to ‘Panda Man’: the power or pitfalls of a darting nickname

about 10 hours ago
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Australia reach 326-8 against England: Ashes third Test, day one – as it happened

about 10 hours ago
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Alex Carey’s sparkling Ashes century steadies Australia after England strike early in heat

about 10 hours ago
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The Anti-Sports Personality of the Year awards 2025

about 12 hours ago