UK inflation jumped to 9% in April, its highest yearly rate since 1982, surpassing the peaks of the early 1990s recession that many Britons remember for sky-high interest rates and widespread mortgage defaults
Consumer price inflation hit 9% in April, the Office for National Statistics said on Wednesday, surpassing the peaks of the early 1990s recession that many Britons remember for sky-high interest rates and widespread mortgage defaults.
A Reuters poll of economists had pointed to a reading of 9.1%, up from 7.0% in March, and sterling fell. " inaction will make an already desperate situation for many even worse," Rebecca McDonald, senior economist at the Joseph Rowntree Foundation which campaigns for lower-income households, said. While the government points to its 22 billion-pound package of support for households so far, much of this is cancelled out by recent tax increases on workers.
Bank of America this week criticised the BoE for not being clear about its response, potentially leaving it vulnerable to political attacks and the economy in a worse situation.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
UK inflation jumps to 40-year high of 9% as food and energy prices spiralU.K. inflation soared to a record high of 9% in April as food and energy prices spiraled, official figures revealed Wednesday, escalating the country's cost-of-living crisis.
Baca lebih lajut »
UK says it will end overseas aid spending in ChinaBritain's Business Secretary Kwasi Kwarteng said on Tuesday his department would end all overseas aid spending in China.
Baca lebih lajut »
Sundance Pic ‘Something In The Dirt’ Sells To UK Marking Lightbulb’s Biggest Acquisition To DateEXCLUSIVE: UK film outfit Lightbulb Film Distribution has picked up well-received Sundance sci-fi comedy Something In The Dirt, marking the company’s biggest acquisition to date. Shot during …
Baca lebih lajut »
Florence + The Machine’s ‘Dance Fever’ Is Heading to U.K. No. 1Florence Welch and Co.’s latest album boasts over 26,000 chart sales at the midway point, and is the best-selling title in physically and digital formats.
Baca lebih lajut »
When are the UK jobs and how could they affect GBP/USD?Early Tuesday, the UK’s Office for National Statistics (ONS) will release the April month Claimant Count figures together with the Unemployment Rate i
Baca lebih lajut »
UK unveils overhaul of EU trade deal in Northern IrelandUK announces its intention to overhaul post-Brexit trade rules in Northern Ireland, arguing the plan was needed to end political paralysis in the territory but risking a trade war with the EU
Baca lebih lajut »