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Inflation rises more than expected as meat, milk, eggs and cheese become more expensiveGood morning, and welcome to our rolling coverage of economics, the financial markets and the world economy.Inflation in the UK accelerated more than expected last month due to higher transport and food costs, as well as a jump in private school fees.Getting more money in people’s pockets is my number one mission. Since the election we’ve seen year on year wages after inflation growing at their fastest rate – worth an extra £1,000 a year on average – but I know that millions of families are still struggling to make ends meet.That’s why we’re going further and faster to deliver economic growth. By taking on the blockers to get Britain building again, investing to rebuild our roads, rail and energy infrastructure and ripping up unnecessary regulation, we will kickstart growth, secure well paid jobs and get more pounds in pockets. Continue reading…
Inflation rises more than expected as meat, milk, eggs and cheese become more expensive
Good morning, and welcome to our rolling coverage of economics, the financial markets and the world economy.
Inflation in the UK accelerated more than expected last month due to higher transport and food costs, as well as a jump in private school fees.
Getting more money in people’s pockets is my number one mission. Since the election we’ve seen year on year wages after inflation growing at their fastest rate – worth an extra £1,000 a year on average – but I know that millions of families are still struggling to make ends meet.
That’s why we’re going further and faster to deliver economic growth. By taking on the blockers to get Britain building again, investing to rebuild our roads, rail and energy infrastructure and ripping up unnecessary regulation, we will kickstart growth, secure well paid jobs and get more pounds in pockets.
