Economics

As inflation in the UK hits zero for the first time on record, industry experts share their views on what this means for the UK economy and investors.

UK Consumer Prices Index (CPI) inflation continued its precipitous fall in February, dropping more than expected to hit zero for the first time.

Another group of shareholders in Tesco is preparing legal action against the food retailer following its accounting blunder late last year.

The FTSE 100 remained above the 7,000 mark early on Monday after closing at a fresh record high last week.

The FTSE 100 has moved above 7,000 for the first time in its history this afternoon, as a strong open on Wall Street helped the UK's blue chip index finally reach the landmark figure.

Lloyds Banking Group has agreed to sell its shareholding in TSB to Spanish bank Sabadell, in a deal which will value the bank at £1.7bn.

Sterling slumped against the US dollar after the Bank of England's chief economist Andy Haldane said the UK has an equal chance of seeing a rate cut as a rate hike, contrary to consensus expectations.

The FTSE 100 has hit a fresh record high after the US Federal Reserve signalled renewed caution on its path towards raising interest rates from their record lows.

The government has announced a number of changes to the tax it collects from UK-based businesses, including financial advisers.

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