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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
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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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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.