uk iconUK

 

 

 

Bank of England under pressure to increase interest rates after inflation rise

The Bank of England is under mounting pressure to increase interest rates next month after inflation rose to the highest level in a decade in October amid the squeeze on living standards from soaring household energy bills.

Bank of England under pressure to increase interest rates after inflation rise
smsfadviser logo

A sharp increase in gas and electricity prices pushed inflation as measured by the consumer prices index to 4.2% in October, up from 3.1% in September, according to the Office for National Statistics – the highest rate since November 2011.

 Read more at The Guardian

Subscribe to Financial Accountant

Receive the latest news, opinion and features directly to your inbox