By using this site, you agree to the Privacy Policy and Terms of Use.
Accept

Amed Post

Breaking News,magazine, sport, life

Notification Show More
Font ResizerAa
Reading: Tories warn worst is yet to come as inflation rises after Rachel Reeves’ Budget | Politics | News
Share
Font ResizerAa

Amed Post

Breaking News,magazine, sport, life

Search
Have an existing account? Sign In
Follow US

Tories warn worst is yet to come as inflation rises after Rachel Reeves’ Budget | Politics | News

amedpost
Last updated: November 20, 2024 7:40 am
amedpost
Published: November 20, 2024
Share
SHARE


Mr Stride said: “Having brought inflation back down to target, we know how important it is for all of us that the Government does the same.

“What is worrying about today’s announcement is that inflation is running ahead of expectations and official forecasts state these figures are not expected to improve.

“Labour’s Budget will push up inflation and mortgage rates.

“It’s higher inflation and lower growth under Labour.”

Inflation was higher than expected for the month, after economists had predicted a reading of 2.2%.

ONS chief economist Grant Fitzner said: “Inflation rose this month as the increase in the energy price cap meant higher costs for gas and electricity compared with a fall at the same time last year.

“These were partially offset by falls in recreation and culture, including live music and theatre ticket price.

“The cost of raw materials for businesses continued to fall, once again driven by lower crude oil price.”

Treasury Chief Secretary Darren Jones acknowledged there was “more to do” to ease cost-of-living pressure as inflation increased to 2.3% in October from 1.7% in September.

Mr Jones said: “We know that families across Britain are still struggling with the cost of living.

“That is why the Budget last month focused on fixing the foundation of our economy so we can deliver change.

“That includes boosting the national minimum wage, freezing fuel duty and protecting working people’s payslips from higher taxes.

“But we know there is more to do. That is why the Government is focused on economic growth and investment so we can make every part of the country better off.”

Alleged Arizona pervert faints in court after hearing he faces century-long prison time: video
Steve Davis: Different rules apply to Ronnie O’Sullivan | Other | Sport
Remove ‘toxic cleaners’ from home and make 2-ingredient alternative
Man accused of fatally shooting Alabama cheerleader seeks to have charges dropped, claims self-defense
I spoke to Reform hours before Zia Yusuf’s departure – this is the real reason he quit | Politics | News

Subscribe

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]

Share This Article
Facebook Email Print
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

© AMED POST Design Company. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?