Bloomberg’s headline mentioned all of it: “UK Faces Worst G-7 Inflation and Flat Dwelling Requirements, IMF Says”. The Worldwide Financial Fund warns that inflation will likely be larger within the UK than in every other main superior financial system – together with within the US, the place Donald Trump’s tariffs are driving up prices for American customers. This whereas GDP development per head crawls at 0.4%, the weakest of any main financial system. Actual wages have stagnated for 11 months. In the meantime, official figures present that unemployment has climbed to 4.8%, the very best since spring 2021. Overlook discuss of Britain’s “upgraded development”; the financial system, below Labour, is working sizzling just for these accumulating earnings.
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