Double blow to Healey as inflation rises to 3.5% and monthly deficit hits £24bn
Consumer prices rise by more than expected while government’s debt interest payments surge to record high for September Business live – latest updates…
The Guardian reports: Consumer prices rise by more than expected while government’s debt interest payments surge to record high for September Business live – latest updates Inflation surged to 3.5% last month while the government deficit was a worse-than-forecast £24.5bn, in a double dose of bad news for John Healey before next week’s budget.
This business story centres on the United Kingdom. Names and organisations mentioned in the coverage include John Healey, Healey and September Business.
Why it matters
Business and economic news can ripple through prices, jobs, investments and household budgets.
Key details
- Location
- United Kingdom · Europe
- Reported by
- The Guardian
- First reported
- Key names
- John Healey, Healey, September Business, Inflation
- Section
- Business
- Figure cited
- The Office for National Statistics said annual inflation rose from 3.1% in August, overshooting City forecasts of a rise in the consumer prices index (CPI) to 3.4%, as a result of the surging cost of fuel. (The Guardian)
Sources
This is an independent summary. Read the full, original reporting from the publisher:
Read the full story at The GuardianSpotted an error? Request a correction · How this summary was produced
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