UK inflation unexpectedly rises to highest since January 2024 on food and transport prices – business live

Inflation highest since January 2024 with food prices rising at fastest rate since February last year, in another blow to Rachel ReevesThe rise in inflation comes as Labour faces intense scrutiny over its economic management after two months of negative growth and with speculation mounting over tax rises.Rachel Reeves sought last night to shrug off Britain’s anaemic growth performance at her Mansion House speech, telling City bankers she would slash red tape to help reboot the economy. Continue reading...

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Swinney accuses Reeves of ‘channelling Thatcher’ with financial reforms

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