Reported 1 day ago
UK inflation surged to a six-month high of 2.3% in October, driven by higher domestic energy bills and persistently high inflation in the services sector. This upturn exceeds the Bank of England's target rate of 2%, leading to expectations that borrowing rates will remain steady despite recent increases. With the government announcing significant extra spending, economists foresee potential for continued inflationary pressures in the near future.
Source: YAHOO