UK Inflation Rises for The First Time in 10 Months

New figures from the Office for National Statistics this morning make more bleak news for Sunak and Hunt as CPI inflation for the year to December 2023 rose to 4%, up from 3.9%. That’s the first rise in 10 months. Hopes of an imminent interest rate cut will be fading…

Economists were expecting another small drop to 3.8%.[…] Read the rest