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Inflation & Prices

Unions Could Ramp Up Pay Demands as UK Inflation Forecasts Rise

  • Britain at risk of more strikes as price pressures intensify
  • Dockers continue walkout at UK’s largest container ship port
Bloomberg business news
UK’s Economy Slows For First Time Since Covid Lockdowns

Britain is at risk of even more strikes as inflation forecasts soar, tempting unions to push for bigger pay rises.

Investment bank Citigroup said Monday that UK inflation is on track to rise above 18% next year for the first time in almost half a century.