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Warning issued as wage figures revealed ahead of Bank of England interest rates decision - Manchester Evening News

  • Britain is warned of a possible cost-of-living crisis as inflation may rise above 5% due to various pressures, according to Andrew Sentance, a former Bank of England policymaker.
  • The UK's current inflation rate is 2.8%, down from 5.25%, and is influenced by rising service prices, wages, and utility costs.
  • British military intelligence states that soaring inflation and high interest rates are threatening Russia's ability to maintain its defense spending amid the ongoing war in Ukraine.
  • President Trump has expressed frustration over delays from Putin and has warned of potential tariffs on Russian oil, further complicating economic conditions.
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censor.net broke the news in on Saturday, April 12, 2025.
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