Big spike: UK inflation hits 18-month high; pressure mounts on Starmer government as US tariff threat looms
Wednesday, 16 July 2025 British inflation increased unexpectedly in June. It reached an 18-month high. The Consumer Prices Index rose to 3.6 percent. Motor fuel and food prices mainly fuelled the jump. The UK economy contracted for a second month in May. Rachel Reeves acknowledged the pressure on households. The Bank of England may still cut interest rates next month.
Sir Mel Stride, Shadow Chancellor said ''Putting taxes on businesses, borrowing a lot of money and spending a lot of money has kept inflation higher than it otherwise would have been.'' It comes as UK inflation rose to a near 18-month high in June as food prices surged for the third month running,...
#Politics, #CurrentEvents, #FreeSpeech, #Sports, #Gaming, #Esports,US wholesale prices jumped nearly 1% in July — the fastest increase in over three years — as Donald Trump’s tariff war feeds..
Wednesday, 16 July 2025
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