UK inflation dips to 3.6% despite accelerating food price growth – business live

WH Smith's CEO has resigned following an accounting error in the company's North American division, which led to a significant reduction in profit forecasts. The retailer's market value dropped by nearly £600 million after a 42% decline in share price when the mistake was revealed in August.

Rachel Reeves's ambitions for a stock market surge have been undermined as Interactive Investor, the UK's second-largest retail investment platform, has withdrawn from a government-supported marketing initiative. This decision reflects ongoing challenges in stimulating retail investment in the current economic climate.

WH Smith's Chief Executive Carl Cowling has resigned following a review by Deloitte that uncovered accounting issues within the company's North America unit. This resignation raises concerns about the company's financial management and oversight.

The CEO of WH Smith has resigned immediately following an accounting error that led the retailer to significantly reduce its profit forecasts. This blunder has raised concerns about the company's financial management and oversight.

UK inflation has decreased to 3.6% in October, down from 3.8%, indicating a potential turning point for the economy. This decline is expected to relieve pressure on consumers and businesses. Rachel Reeves, the UK Finance Minister, has signaled that budget measures will be introduced to further reduce prices, and the Bank of England is likely to respond with interest rate cuts.

Chancellor Rachel Reeves is contemplating both tax increases and spending cuts as part of the upcoming Budget scheduled for November 26. This decision comes amid ongoing discussions about fiscal policy and economic management in the country. The Chancellor's proposals are expected to address various economic challenges and set the financial direction for the government in the coming year.