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Browsing: UK inflation
A new report from disability charity Scope has revealed that the additional cost of living with a disability in the UK has surged by almost 12% since 2020.
Thursday’s headlines continue their coverage of the prime minister’s defiance over the upcoming benefits cuts bill. The PM says he’ll push ahead with the vote, expected next Tuesday, despite the mounting rebellion, which could seriously damage his premiership. There have been reports that the prime minister has told Labour MPs that if they vote down the bill, they won’t be considered for promotion. Other reports suggest No. 10 is drafting a watered-down bill to appease the critics.
The UK has seen a surge in Chinese imports as businesses seek to avoid the 55% tariff slapped on them by the United States. Economists say it could help the UK ease inflation, but domestic industries warn of being undercut by cheap goods.
A 37-year-old man, who brutally murdered a boy on his walk to school last year, has been found guilty of murder and three counts of attempted murder. Marcus Monzo went on a rampage in North London last year, killing 14-year-old schoolboy Daniel Anjorin with a samurai sword and injuring three others. The judge says he would face a life term when he returns to court for sentencing on Friday.
In happier news, the UK is set for its second heatwave of the month, with temperatures hitting 30C this weekend, just in time for Glastonbury! If you’re heading out and about this weekend, don’t forget your sunblock and shades!!
Let’s grab a coffee and dive into this morning’s headlines — it’s a busy one! From rising inflation giving wallets a bit more to worry about, to the UK taking a firm stand on the Gaza crisis, and Donald Trump unveiling a space-age missile defence plan (yes, really) — here’s your quick catch-up on the stories making waves across the UK today.
UK inflation rose to 3.5% in April, up from 2.6% in March, according to the Office for National Statistics (ONS). This figure is higher than most forecasts — economists expected around 3.3%, while the Bank of England predicted 3.4%.
The Bank of England is expected to cut interest rates on Thursday, likely lowering them from 4.5% to 4.25%. This would be the fourth rate cut since last year’s peak of 5.25%, and the second in 2025, as the Bank aims to stimulate borrowing and ease financial pressure on households and businesses.
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