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World

Labour is staring down the barrel of an inflation crisis

18 December 2024

9:51 PM

18 December 2024

9:51 PM

With job vacancies falling, and with GDP contracting, the Chancellor Rachel Reeves might have assumed that her final week before Christmas could not get any worse. Unfortunately, she will have been disappointed. We learned today that inflation is now rising sharply again, with the Office For National Statistics reporting that the rate has risen to 2.6

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