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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

Video player cover image — WATCH: The BOE has a “brutal honesty” in its handling of the UK’s economic challenges, says Allianz’s Mohamed El-Erian.Source: Bloomberg

By

Andrew Atkinson and

May 18, 2022, 6:04 AM UTCUpdated onMay 18, 2022, 7:05 AM UTC

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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.