Moody’s cautions that the UK is projected to maintain the peak inflation rate among G7 nations until at least the conclusion of 2024.
Moody’s cautions that the UK is projected to maintain the peak inflation rate among G7 nations until at least the conclusion of 2024.
Asda has emerged as the pioneering supermarket to disclose its local fuel prices online, following indications from regulators that companies were amplifying their profit margins at the pump, a practice
Larry Summers, the former US Treasury Secretary, has branded Brexit as a ‘historic blunder’ that has sparked inflation.
According to No 10, talks between the Prime Minister and Commission President Ursula von der Leyen have resulted in a number of last-minute concessions from the EU.
After signs that food inflation has passed its peak in January, shoppers are now facing the largest increase in grocery bills ever recorded.
The Democratic Unionist Party (DUP), and Tory backbenchers have warned Rishi Sunak against “giving in” to the EU during negotiations over Northern Ireland Protocol.
Research has shown that Brexit increased the UK’s food bill by almost £6bn in the two years up to 2021. This impacted the poorest households the most.
Food inflation reached a record high in November due to egg shortages. Meanwhile, rising milk and meat prices will cause Christmas dinner costs to rise sharply.
Waitrose pledges a £2.6 million investment in its egg suppliers, as it is one of few supermarkets that does not impose purchase limits.
Inflation rose to an all-time high for milk products, pasta, and energy in October despite government assistance to lower bills.
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