Inflation in the UK has hit a 45-year high – as the cost of living rises

The cost of staple foods from eggs to milk and cheese is rising and, on top of rapidly rising energy bills, has pushed the UK’s annual inflation rate above 11% to a 41-year high. According to the Office for National Statistics, households are paying 90% more for household fuels such as gas and electricity than they were a year ago. While food price inflation has risen to a forty-five-year high. Chancellor Jeremy Hunt blamed high inflation on the war in Ukraine and the effects of the pandemic. He said his autumn statement would help bring down inflation through “tough but necessary” decisions on taxes and spending. And with tax rises and spending cuts due to be announced by the Chancellor tomorrow, there are signs of growing unease among some Tory MPs.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

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