British inflation puts economy on road to oblivion

The UK is grappling with soaring inflation.

Inflation is now at a 40-year high after the consumer prices index rose to 9 per cent in April, according to the latest ONS figures. That’s the sharpest jump since 1982, which, as Torsten Bell of the Resolution Foundation pointed out, means much of the country has never experienced an inflationary shock of this ferocity “in their working lives”.

Source: British inflation puts economy on road to oblivion

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