Elon's Vision
  • Contacts
  • Privacy Policy
  • Terms & Conditions
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Elon's Vision
No Result
View All Result
Home Investing

Inflation hits new 30-year high ahead of Sunak statement

by
March 23, 2022
in Investing
0
Inflation hits new 30-year high ahead of Sunak statement
0
SHARES
19
VIEWS
Share on FacebookShare on Twitter

The cost of living continued to soar last month, laying bare the challenge the chancellor faces ahead of his spring spending statement on Wednesday.

Prices rose by 6.2% in the 12 months to February – the fastest for 30 years – as fuel, energy and food costs surged.

Chancellor Rishi Sunak faces growing calls to offer more support as household budgets are squeezed.

Prices are rising faster than wages and the Bank of England thinks it could hit double digits this year.

There is speculation Mr Sunak could cut fuel duty, boost benefits and raise the threshold for national insurance when he shares his spending plans at midday today.

Inflation is the rate at which prices rise. If a bottle of milk costs £1 and that rises by 5p, then milk inflation is 5%.

The rate of inflation has been at a 30-year high since December and is expected to intensify in April when the energy price cap is lifted.

This will push up the average household fuel bill up by £693 a year in England, Scotland and Wales, while a planned rise in National Insurance will also put pressure on household budgets.

Read more:
Inflation hits new 30-year high ahead of Sunak statement

Previous Post

Two-thirds of over-50s wish they had started saving for pensions sooner

Next Post

Price rises to hit record, warns CBI

Next Post
Price rises to hit record, warns CBI

Price rises to hit record, warns CBI

Leave a Reply Cancel reply

Your email address will not be published.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

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
  • Trending
  • Comments
  • Latest

Jay Bhattacharya on Public Health

October 12, 2021

That Bangladesh Mask Study!

December 1, 2021

Antitrust Regulation Assumes Bureaucrats Know the “Correct” Amount of Competition

November 24, 2021
Pints of champagne could be the next ‘Brexit dividend’

Pints of champagne could be the next ‘Brexit dividend’

December 24, 2021

Erasing History to Advance the Socialist Revolution

0

0

0

0

Erasing History to Advance the Socialist Revolution

June 24, 2025
Mone and Barrowman ‘plotting fresh start in Miami’ amid ongoing PPE probe

Mone and Barrowman ‘plotting fresh start in Miami’ amid ongoing PPE probe

June 24, 2025

“Naturewatch Foundation Honors Cumbrian Police Officer for Exemplary Efforts in Combating Wildlife Crime”

June 24, 2025
Punishing Universities for Their Viewpoints Violates the First Amendment

Punishing Universities for Their Viewpoints Violates the First Amendment

June 24, 2025

Recent News

Erasing History to Advance the Socialist Revolution

June 24, 2025
Mone and Barrowman ‘plotting fresh start in Miami’ amid ongoing PPE probe

Mone and Barrowman ‘plotting fresh start in Miami’ amid ongoing PPE probe

June 24, 2025

“Naturewatch Foundation Honors Cumbrian Police Officer for Exemplary Efforts in Combating Wildlife Crime”

June 24, 2025
Punishing Universities for Their Viewpoints Violates the First Amendment

Punishing Universities for Their Viewpoints Violates the First Amendment

June 24, 2025

Disclaimer: ElonsVision.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • Contacts
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 ElonsVision. All Rights Reserved.

No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock

Copyright © 2025 ElonsVision. All Rights Reserved.