{"id":22002,"date":"2022-05-18T06:31:39","date_gmt":"2022-05-18T06:31:39","guid":{"rendered":"https:\/\/www.nsemgh.com\/?p=22002"},"modified":"2022-05-18T06:31:39","modified_gmt":"2022-05-18T06:31:39","slug":"uk-inflation-soars-40-year-high","status":"publish","type":"post","link":"https:\/\/www.nsemgh.com\/2022\/05\/18\/uk-inflation-soars-40-year-high\/","title":{"rendered":"UK: Inflation soars 40- year high"},"content":{"rendered":"
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The Office for National Statistics released their figures on Wednesday morning, showing that prices are climbing faster than they have in 40 years.<\/p>\n

UK inflation had already risen to 7 percent in March.<\/p>\n

The rate of Consumer Prices Index inflation is the official measure used to judge the cost of living, as energy, food, and fuel prices climb.<\/p>\n

Inflation rates in the UK have not reached 9 percent since 1982, with the Ukraine war driving up prices of goods and services, and the 54 percent increase in the energy cap for UK households coming into effect.<\/p>\n

This has seen hundreds of pounds added to energy bills in homes across the country.<\/p>\n

\u00a0<\/strong><\/p>\n<\/div>\n

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Small business owner,\u00a0Stewart Morton-Collings, described the cost of living squeeze as “unlike anything we’ve ever seen”.<\/p>\n

He said: “Our only option is to work seven days a week, every week, with no breaks.”<\/p>\n

With no holidays, slashed use of vehicles and only the minimum energy used, Stewart said this still “won’t be enough to get us through”, adding: “It\u00a0feels like we’ve gone backwards 50 years.”<\/p>\n

This was echoed by Jamie Rackham, founder of small, independent business group, ‘Not on Amazon’.<\/p>\n

<\/div>\n

He described inflation reaching 9 percent as “absolutely devastation to millions of people”, adding that the “Government is doing nowhere near enough to support working people”.<\/p>\n

MORE TO FOLLOW…<\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Office for National Statistics released their figures on Wednesday morning, showing that prices are climbing faster than they have in 40 years. UK inflation had already risen to 7 percent in March. The rate of Consumer Prices Index inflation is the official measure used to judge the cost of living, as energy, food, and […]<\/p>\n","protected":false},"author":8,"featured_media":22013,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_post_source_name":"","_post_source_url":"","footnotes":""},"categories":[61],"tags":[5310,6607,13263,6672,5494,6496,3545,6569,5467,6032,2264,10598,6663,12773,6546,12005,9683,9036,10390,10214,12605,5180,5521,6348,5251,10415],"class_list":["post-22002","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-amazon","tag-bank-of-england","tag-cap","tag-cost-of-living","tag-energy","tag-food","tag-founder","tag-fuel","tag-fuel-prices","tag-goods","tag-government","tag-homes","tag-households","tag-increase","tag-inflation","tag-judge","tag-millions","tag-pounds","tag-prices","tag-rates","tag-uk","tag-ukraine","tag-ukraine-war","tag-us","tag-war","tag-work"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/posts\/22002","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/comments?post=22002"}],"version-history":[{"count":0,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/posts\/22002\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/media\/22013"}],"wp:attachment":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/media?parent=22002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/categories?post=22002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/tags?post=22002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}