Inflation surges

15 Dec 2021

As inflation soars and Covid surges, many families may have to choose between heating and eating.

UK inflation jumped to 5.1% in November as the price of petrol reached a record high and a computer chip shortage continued to push up the cost of cars.

The Office for National Statistics (ONS) said the increase, which exceeded City forecasts of a rise to 4.8%, took the consumer prices annual rate to its highest level since September 2011, when it stood at 5.2%.

Analysts said the increase in inflation from 4.2% in October is expected to put further pressure on the Bank of England to raise interest rates when it meets on Thursday, although the spread of the Omicron variant may deter policymakers from taking such action until the new year.

The Government and Johnson cannot stand by idly.

They can start by scrapping the unfair and manifesto-breaking tax rises coming in next year that will further impact the public.

Lib Dem logo bird projected on blockwork

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