Inflation Struggles: UK Economy at a Standstill
British finance minister Rachel Reeves expressed dissatisfaction with current inflation figures, highlighting concerns over a stagnant economy. Consumer price growth remained steady at 3.8% in September, prompting Reeves to call for government action to support the Bank of England in reducing inflation.
- Country:
- United Kingdom
British finance minister Rachel Reeves has voiced her dissatisfaction with the country's inflation figures, noting that consumer price growth remained steady at 3.8% in September.
Reeves expressed her concern that the economy feels 'stuck,' with individuals feeling they contribute more but receive less in return.
She emphasized the need for government responsibility in aiding the Bank of England to bring down inflation, signaling the urgency for action.
Advertisement
ALSO READ
-
Mauritius Adopts IMF’s QPM Model to Strengthen Inflation Targeting and Policy Forecasting
-
Record Highs: Stock Indexes Surge Amid Cooling Inflation
-
Wall Street Celebrates Record High Closes Amid Cooler Inflation and Earnings Surprises
-
Wall Street Rally: Stocks Soar Amid Positive Earnings and Inflation Data
-
Record Stock Surges Amid Tame Inflation News Awaited Fed Decision
Google News