19-04-2023, 02:38 PM
UK inflation drops to 10.1% in March, higher than expected – business live
Rolling coverage of the latest economic and financial news, as UK cost of living crisis continuesUK inflation expected to dip below 10% as energy prices fallHere’s chancellor Jeremy Hunt on the news that UK inflation was higher than expected last month:“These figures reaffirm exactly why we must continue with our efforts to drive down inflation so we can ease pressure on families and businesses.“We are on track to do this – with the OBR (Office for Budget Responsibility) forecasting we will halve inflation this year – and we’ll continue supporting people with cost-of-living support worth an average of £3,300 per household over this year and last, funded through windfall taxes on energy profits.” Continue reading...
https://www.theguardian.com/business/liv...iness-live
#Business #Economics #Stock_markets #Inflation #UK_cost_of_living_crisis
Rolling coverage of the latest economic and financial news, as UK cost of living crisis continuesUK inflation expected to dip below 10% as energy prices fallHere’s chancellor Jeremy Hunt on the news that UK inflation was higher than expected last month:“These figures reaffirm exactly why we must continue with our efforts to drive down inflation so we can ease pressure on families and businesses.“We are on track to do this – with the OBR (Office for Budget Responsibility) forecasting we will halve inflation this year – and we’ll continue supporting people with cost-of-living support worth an average of £3,300 per household over this year and last, funded through windfall taxes on energy profits.” Continue reading...
https://www.theguardian.com/business/liv...iness-live
#Business #Economics #Stock_markets #Inflation #UK_cost_of_living_crisis
