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‘Not a Given’ UK Inflation Will Slow This Year, Rishi Sunak Says

From bnnbloomberg.ca

UK Prime Minister Rishi Sunak said it’s “not a given” that inflation will slow this year and stressed the need for continued wage restraint in ongoing negotiations with striking sectors including the National Health Service and railways. Sunak has come under pressure over a pledge to halve inflation this year when economic forecasts from the Office for Budget Responsibility already show that the pace of price increases will slow that much without any extra help from government policy. Easing inflation “is a function of having a responsible economic policy when it comes to things like pay,” Sunak said in an interview ... (full story)

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