UK inflation hits 45-year high – as cost of living soars

Channel 4 News published this video item, entitled “UK inflation hits 45-year high – as cost of living soars” – below is their description.

The cost of basic food items from eggs to milk and cheese is soaring and, on top of rapidly rising energy bills, it’s sent the UK’s annual inflation rate above 11% – to its highest level for 41 years.

According to the Office of National Statistics, households are paying 90% more for domestic fuels like gas and electricity than they were a year ago.

While food price inflation has shot up to a forty five year high.

The Chancellor, Jeremy Hunt, blamed high inflation on the war in Ukraine and the aftermath of the pandemic. He said his Autumn Statement would help to drive down inflation by what he called “tough but necessary” decisions on tax and spending.

And, with tax hikes and spending cuts due to be announced by the Chancellor tomorrow – there are signs of growing unease among some Tory MPs.

Channel 4 News YouTube Channel

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About This Source - Channel 4 News

Channel 4 News is the news programme from UK Channel 4 television. Channel 4 is a British public-service free-to-air television network headquartered in Leeds, United Kingdom. The channel was established in 1982 to provide a fourth television service to the United Kingdom in addition to the licence-funded BBC One and BBC Two, and the single commercial broadcasting network ITV.

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