UK inflation jumps to six-month high of 1.8% - business live
(The Guardian Business News)

Rolling coverage of business, economics and markets as British prices rise faster than expected Consumer prices rise; house prices increase across the UK Boeing finds debris in fuel tanks of undelivered 737 Max planesMarkets gain amid lull in coronavirus fears Metro Bank appoints new chief executive amid scandal fallout 12.03pm GMT A quick currencies update (on a pretty quiet day in foreign exchange markets): sterling has lost 0.1% against the US dollar, with brief gains from the inflation beat failing to hold.`Pound hugs $1.30` is the headline from Reuters - perhaps not the most exciting development. It´s worth noting that against the euro the pound is at levels, above EUR1.20, not seen since the EU referendum in 2016 - barring the post-election result spike. 11.48am GMT It was announced last night, but if you haven´t caught up yet, there are some pretty momentous plans in train for the UK´s post-Brexit immigration system. Related: UK to close door to non-English speakers and unskilled workers Related: Immigration: firms will need to train more UK workers, says Priti Patel The new policy represents a break with the past and is highly interventionist. As a member of the European Union, the government was only able to limit migration from non-EU countries. Under the new approach, the UK will be open to highly skilled workers from anywhere in the world, but the door to those with low skills will be closed. Related: The new UK immigration rules tell employers to suck it up Continue reading...