Liz Truss says that an economic recession “is not inevitable”
The Foreign Secretary has suggested that the fiscal downturn could be averted with her planned tax cuts.
ByInflation
Inflation describes how much prices of goods and services are increasing (if they’re decreasing, this is known as deflation). In the UK the main measure of inflation is the Consumer Prices Index. The Office for National Statistics tracks the cost of living through the prices of items in a hypothetical “basket of goods” that includes everyday products and services. Here you can find all of our latest news, analysis and comment about inflation.
The Bank of England is recklessly driving the UK into a deep recession
Rate rises will do little to control inflation but they will dramatically increase the threat of mass unemployment.
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How UK house prices are soaring above wage growth
Since January 2019 house prices have risen by 25.6 per cent – twice as fast as wages.
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Senate Democrats offer sign of political life
After secret negotiations Chuck Schumer and Joe Manchin have unveiled their Inflation Reduction Act.
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Why public sector pay rises are actually cuts
Higher inflation cancels out offers for nurses, doctors, teachers and dentists.
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Why your flights keep getting cancelled
Class conflict is back, but without the working class.
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The 2022 summer of strikes is about to get worse
Anger and frustration with the government are combining with inflation to create a new flashpoint for industrial action.
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Whoever the next prime minister is will inherit a nightmare
Britain is a place of healthcare limbo, staff shortages and scary prices. Whoever succeeds Boris Johnson will need to find…
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Russia’s threat to the global financial order is also our chance to build a new one
Is the international economic system unravelling, or is this a moment of transformation?
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Why the UK is in a race to outrun persistent inflation
Those enjoying strawberries and cream beneath their plastic ponchos at Wimbledon this year may be unaware that they are taking…
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Even as a young Tory, I feel like this government is out to get me
If young people can’t put down roots or accumulate capital, they can’t experience the fundamental aspects of life that make…
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“We don’t want to see NHS strikes”: Wes Streeting and Rachel Reeves on Labour in an age of inflation
The shadow chancellor and shadow health secretary open up about the opposition’s plan for the economy.
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Biden’s cure for inflation shouldn’t be harsher than the disease
With US inflation at its highest level since 1981, the short-term electoral future of the Democrats relies on the president…
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This could be the labour movement’s summer of glory
We should expect more trade union strikes, and the possibility of a break with our dysfunctional economic order.
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Stop telling people not to ask for a pay increase
Ministers are breezily talking about removing the cap on bankers’ bonuses. Restraint for thee; bonanza for me.
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Labour must end its denial over Brexit
Leaving the EU has been an economic and geopolitical disaster for the UK – when will Keir Starmer say so?
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Is Brexit to blame for the UK’s extra inflation?
Inflation in the UK has reached 9.1 per cent; economists say life outside the EU could make these conditions more…
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Could a new debt crisis split the eurozone?
Fears that Italy will struggle to repay lenders are troubling central bankers, caught between prudent countries and big spenders.
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Inflation will be far higher for the poorest Britons
Lower-income households are hit much harder by rises in gas and electricity bills.
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Why the UK should prepare for a spike in food prices
Record-high food inflation could lead to more families on lower incomes skipping meals.
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