Tag: inflation
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Recession warning stirs debate between PM contenders Truss and Sunak
UK: The Bank of England has recently warned the country is on the verge of falling into a long period of recession. The energy bills have been soaring up , leading inflation to an all-time high in the country. This has stirred up competition between the Prime Minister candidate; former chancellor Rishi Sunak and foreign secretary Rishi Sunak.
Shop Price inflation hits 4.4 % in UK, highest since 2005
UK: The shop price inflation rate reached 4.4% in July from 3.1% in June. This is the highest rate of inflation since the commencement of the British Retail Consortium index in 2005.
Inflation in UK hits an all-time high in past four decades
A worrisome condition of the economy has been prevalent in the country of the United Kingdom as the skyrocketing prices of food and fuel shattered the records of the last 40 years.
UK inflation trade-off worsens amid Ukraine invasion reports BoE’s Tenreyro
Bank of England's (BoE) policymaker Silvana Tenreyro stated that the spike in energy costs triggered by Russia's invasion of Ukraine would hinder British economic growth as well as raising short-term inflation pressures.
