News in Review Wednesday 29th October 2025

This week’s News in Review looks at stubborn inflation ahead of the Budget, rising Inheritance Tax receipts and improving consumer confidence.

Key takeaways:

Consumer confidence rises slightly as shoppers prepare for Black Friday and await the Chancellor’s upcoming Budget

UK inflation holds steady at 3.8%, with food prices easing for the first time since May 2024

Inheritance Tax receipts climb again, with forecasts suggesting record highs by the end of the decade