Economics

Britain’s Inflation Rate Surges to a 40-Year High of 9%

Cost-of-living squeeze pressures government and BOE to act
Shocks hitting Britain harder than most advanced economies

WATCH: The BOE has a “brutal honesty” in its handling of the UK’s economic challenges, says Allianz’s Mohamed El-Erian.Source: Bloomberg

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By Andrew Atkinson and Philip Aldrick

May 18, 2022 at 2:04 AM EDT

Updated on

May 18, 2022 at 3:05 AM EDT

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UK inflation rose to its highest level since Margaret Thatcher was prime minister 40 years ago, adding to pressure for action from the government and central bank.

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