News John Lewis at Westfield shopping centre

John Lewis has decided against closing its final salary pension scheme, leaving it as one of the only retailers in the country that still offers new staff the gold-plated retirement payouts more commonly associated with politicians and civil servants.

MAKING A KILLING - WORLD FOOD PRICE RISES

Goldman bankers get rich betting on food prices as millions starve

Bank criticised for making £250m after destructive spikes in global food market

Households with disabled person will be average of £156 a year worse off under Government benefits plans

Millions of disabled people will lose out under the Government’s plans to keep the annual rise in benefits below the cost of living, it emerged last night.

Inflation still hurts as gas and electricity bills keep up pain

The latest hammering for millions of households from soaring gas and electricity bills kept the cost of living stubbornly high last month, figures showed today.

Inflation rate remains unchanged at 2.7%

Winter energy bill hikes helped keep the annual rate of inflation at 2.7% for the third month in a row, official figures showed today.

New Bank of England chief Mark Carney to face rising costs

Incoming Governor faces letter to Chancellor to explain inflation hike
Blagnon Gnepa family, Harper, Liberia
The Blagnon Gnepa family live in a temporary refugee camp for Ivorians fleeing the violence across the border, and are given essential rations such as oil and grains.

Special report: World food injustice - the facts on a plate

From London to Liberia, nearly a billion people are living a hand-to-mouth existence. Katie Grant reports on global hunger and finds out how these families get through the week

Five Questions About: Inflation measures

I'm totally confused. What's the real measure of inflation?

Russell Lynch: Yet another way to make the numbers add up

Outlook What Britain really needs, the Office for National Statistics has decided, is another inflation index – to add to the 11 we have already.

Relief for pensioners and savers

Relief for pensioners as changes ruled out for inflation measure

Pensioners were given some welcome news today after the UK's top statistician said a key measure of inflation linked to retirement income and a raft of other investments and services should remain unchanged.

Price index revamp delivers 'major blow' to retirement plans

Pension savers face a serious blow to their retirement prospects with confirmation this week on changes in how the retail price index (RPI) is calculated.

Three in four drivers cutting back on travelling to save money

Three in four motorists are travelling less far than a year ago to save money.

Taking from already impoverished families will leave children helpless

Why punish the children by trapping them in poverty so they are likely to fail at school and become trapped in a cycle of unemployment?

Anthony Hilton: The retail price index is flawed but tinkering with it could be costly

A bout the only government statistic that has any direct bearing on people's lives is the inflation number. The others – growth, unemployment, retail sales, investment – have relevance but they don't directly affect the purse and wallet the way the inflation number can through its direct link to benefits, pensions, pay agreements and a lot more.

Households feel food price pain as inflation stays high

A painful rise in the cost of the weekly shop kept up the inflation pressure for struggling household budgets in November, giving more headaches for rate-setters at the Bank of England.

Households feel food price pain

A painful rise in the cost of the weekly shop kept up the inflation pressure for struggling household budgets in November, giving more headaches for rate-setters at the Bank of England.

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