UK retail sales volumes rise by 0.1%

UK retail sales volumes rose by 0.1% in July, after falling the previous month, the Office for National Statistics (ONS) has said.

Surprise inflation fall may put interest rate rise on hold

The prospects of an interest rate rise in the next few months have dimmed after inflation fell to a five-year low last month. Official figures showed inflation dropped to 1.2% in September from 1.5% in August as food and fuel prices fell.