Government ‘won’t take risks with living standards’ says PM as inflation jumps

UK Inflation Hits 3.1%: Will the Bank of England Raise Interest Rates?

UK inflation rose to 3.1% in August, adding pressure on the Bank of England as policymakers weigh rates amid persistent energy-price pressures.

Government ‘won’t take risks with living standards’ says PM as inflation jumps

The Office for National Statistics revealed that inflation accelerated to a five-month-high of 3.1% last month.

Experts react: Inflation above 3% piles pressure on BoE and Budget

UK inflation rose to 3.1% in August, up from 2.9% in July, piling pressure on the Bank of England ahead of its latest interest rate decision and adding to the government’s challenges ahead of the Budget. With rising energy and transport costs squeezing households and higher borrowing costs limiting fiscal headroom, industry experts react below […]