UK recession fears erupt as inflation hits 40-year high: 'Absolutely devastating'

UK inflation soared to nine percent in the 12 months to April, which is the highest figure in four decades, new statistics show.

UK recession: ‘The worst is now starting’ warns Ken ClarkeWe use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Daily Express /  🏆 26. in UK

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.

UK inflation hits 40-year high of 9% after energy bills soared – business liveRolling coverage of the latest economic and financial news, as UK inflation hits its highest level since the 1980s
Read more »

Inflation hits 40-year high of 9% - what it means for your financesINFLATION has soared to 9% according to new data from the Office for National Statistics, squeezing household budgets. It means the consumer price index (CPI) has hit a 40-year high since it went u…
Read more »

40 of the coolest restaurants to book in London right now40 of the coolest dinner spots in the city to book now
Read more »