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Business live
UK inflation picks up to 2.3% after energy bills rise
Live  
UK inflation picks up to 2.3% after energy bills rise
Treasury chief secretary says families still struggling with cost of living as inflation rises back above Bank of England target
Headlines
Economics  
UK inflation rises to 2.3%, increasing pressure for delay to interest rate cut
UK inflation rises to 2.3%, increasing pressure for delay to interest rate cut
High streets  
Retailers are right to warn of job cuts after Reeves budget, says Andrew Bailey
Retail  
UK chains warn Reeves of £7bn hit from budget tax rises
Employment  
ONS may have ‘lost’ a million workers from job figures since pandemic
Banking  
HSBC to open London ‘wealth centre’ in effort to draw in premier clients
Pensions  
UK fund loses more than £350m with waste incinerator power plants
Music  
Value of UK music industry hits record £7.6bn thanks to superstar tours
Inheritance tax  
Starmer denies mounting class war as farmers claim they have been ‘betrayed’
Protest  
‘A way of life’: farmers in Westminster express fears for their futures
Technology  
MPs to summon Elon Musk to testify about X’s role in UK summer riots
Ukraine  
Global stock markets fall and bonds jump as fears grow over Ukraine war
Technology  
US justice department plans to push Google to sell off Chrome browser
Retail  
Mulberry cuts a quarter of HQ staff after sales slump and bigger losses
Publishing  
HarperCollins to allow tech firms to use its books to train AI models
Today's agenda
Inflation in the UK picked up more than expected last month because of higher electricity and gas prices.

The consumer prices index rose at an annual rate of 2.3% in October, up from 1.7% in September. Economists had expected a rate of 2.2%.

Electricity prices rose by 7.7% in October, having fallen by 7.5% last year. Gas prices increased by 11.7% in October, compared with a 7% drop last year.

The energy price cap went up, and Ofgem, the regulator, estimates that for an average household paying by direct debit for dual fuel, this equates to £1,717, a rise of £149 on an annual bill.

Treasury chief secretary Darren Jones acknowledged there was “more to do” to ease cost-of-living pressure, as inflation increased to 2.3% in October from 1.7% in September.

Jones said: `'We know that families across Britain are still struggling with the cost of living. That is why the budget last month focused on fixing the foundation of our economy so we can deliver change.

"That includes boosting the national minimum wage, freezing fuel duty and protecting working people’s payslips from higher taxes. But we know there is more to do. That is why the government is focused on economic growth and investment so we can make every part of the country better off."

The agenda
• 4pm GMT: Bank of England deputy governor Dave Ramsden speaks
• 6pm GMT: European Central Bank vice president Luis de Guindos speaks

We’ll be tracking all the main events throughout the day ...
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Opinion
Analysis  
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Media
BBC  
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Zoe Ball to leave Radio 2 breakfast show
Associated Press  
News agency to cut 8% of staff through layoffs and buyouts