Hopes of future rate cuts dashed as inflation reaches 4.4%
Official figures have revealed that the UK’s annual rate of inflation has surged to a record high of 4.4% in July. Inflation is now at its highest level since current records began in 1997. The figure is up from 3.8% in June and is more than double the Government’s target of 2% and above analysts’ [...]
Hopes of future rate cuts dashed as inflation reaches 4.4%
