UK inflation in September came in at 3.0%, according to data published by the Office for National Statistics (ONS), regarding the country's economic activity. This is the highest inflation figure recorded since April 2012 and has fed the expectations for a Bank of England (BoE) rate hike in November. British pensioners are the most benefitted since their pensions will rise faster than wages next years, thanks to the triple-lock system. Unfortunately, real wages are still getting squeezed and small businesses expected a rise in business rates in 2018.
On 9 October the Government released on its website the latest papers outlining its approach to international trade policy after Brexit. In its paper Preparing for our future UK trade policy, the government discusses the role of trade and the basic principles that will shape its future trade policy.