UK Inflation Is Spiralling Out Of Control
Inflation in the UK just got a lot worse as public sector wages are now growing at 11-12% per year.
For the first time in decades, workers are demanding multiple pay increases per year because of inflation.
The energy price cap drop means inflation data looked good in October, but the price cap is going up again in January and with the mortgage crisis and the growing wage – price spiral, the inflation situation in the UK is continuing to deteriorate.
Credit to : Sasha Yanshin