fromLondon Business News | Londonlovesbusiness.com
1 month agoInflation holds steady and any hopes of interest rate cut is now dashed - London Business News | Londonlovesbusiness.com
Inflationary pressures persist, driven by a tight labour market and resultant rising wages, as well as transport and fuel costs, rising airfares, and high costs in the services sector. The UK remains at the top of the G7 inflation league table, roughly a percentage point above the US and nearly double the Eurozone rate - inflation in the UK appears to be taking a different trajectory,