News in Review Wednesday 25th May 2022
Inflation continues its ascent, with the Consumer Price Index (CPI) rising to 9.0% in the 12 months to April 2022, up from 7.0% in March, according to the latest data from the Office for National Statistics (ONS). Rishi Sunak addressed the Confederation of British Industry last week, following release of the latest data saying, “the Bank of England now expect inflation to peak at 10% later this year. And those inflationary pressures are starting to weigh on growth… There is no measure that any government could take, no law we could pass, that can make these global forces disappear overnight.”
