UK inflation hits 7% as cost of living crisis deepens – business live | Business
9m ago03:48
TUC: UK needs emergency budget
The TUC union are calling for an emergency budget to help struggling households, including more help on energy bills.
TUC General Secretary Frances O’Grady says:
“The chancellor has done almost nothing to help families as prices surge.
And by holding down pay in the public sector and cutting universal credit, he has made the crisis worse.
“Families need help now. Whoever is chancellor tomorrow should go to parliament with an emergency budget to help with surging energy bills and to get wages rising.”
11m ago03:46
Chancellor of the Exchequer, Rishi Sunak, has warned that the Russia-Ukraine war could exacerbate inflationary pressures:
“We’re seeing rising costs caused by global pressures in our supply chains and energy markets which could be exacerbated further by Russian aggression in Ukraine.
“I know this is a worrying time for many families which is why we are taking action to…
