Brits warned inflation could hit 11 per cent - and UK might already be in recession
Cabinet minister Michael Gove also warned yesterday of “a challenging and difficult time” ahead.
He told The Times CEO Summit: “It is inevitably the case when you’re squeezing inflation out of the system that you will rely on a fiscal and monetary policy that will mean you cannot do all things you would in ideal circumstances like to support people through a difficult period.”RED Wall Tories will today tell the PM to cut taxes or risk a bloodbath at the next election.
BoJo, pressured to cut tax, and Chancellor Rishi Sunak, who is resisting, will both give speeches at the conference.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inflation is heading towards 11% and UK 'may already be in recession'Britons have been warned to expect some ‘tough times’ ahead as inflation is expected to hit 11% this autumn. Meanwhile, interest rates have hiked to a 13-year high of 1.25%, which will push up the cost of getting a mortgage.
Read more »
Spain holiday warning - Brits told not to wear popular item of clothingBRITS visiting restaurants in one of Majorca’s most popular party resorts are being warned they won’t be allowed in if wearing football shirts. Business leaders in Playa de Palma say th…
Read more »
Urgent health warning issued to Brits as temperatures soar to 34CAN urgent “Level 3” health warning has been issued to Brits across the country as temperatures soar. The nation is braced for a 34C scorcher today as the UK’s mini heatwave gets s…
Read more »
Huge 15ft crocodile stalks terrified Brits at popular beach resortA HUGE crocodile stalked terrified holidaying Brits at their beach resort. The 15ft beast was spotted four times in a week. And trippers slammed the hotel and travel firm Tui for not closing …
Read more »