Watch: Citibank predicts 18.6% inflation for UK in January 2023 | UK's cost of living crisis worsens | WION
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According to new projections from Citibank, inflation in the United Kingdom is on track to exceed 18% in January 2023, while the retail prices index inflation rate would soar to 21%.
#Citibank #UK #Inflation
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#Citibank #UK #Inflation
About Channel:
WION The World is One News, examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to the core and non-partisan when it comes to the politics of the world. People are tired of biased reportage and we stand for a globalised united world. So for us the World is truly One.
Please keep discussions on this channel clean and respectful and refrain from using racist or sexist slurs as well as personal insults.
Subscribe to our channel at https://goo.gl/JfY3NI
Check out our website: http://www.wionews.com
Connect with us on our social media handles:
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Francisco Gimeno - BC Analyst Imagine UK with a double digit inflation starting 2023, a whooping 18.6 percent, which is big even for European countries already suffering the biggest inflation rates in many years. In fact, the prices in some key sectors, like energy (heating and electricity for people and factories) may be so high that it will deeply damage the UK economy for some time, notwithstanding the damage done to citizens freezing in the middle of winter, or closed factories (producing unemployment and more economic debacle). This is the worst scenery, and let's believe the UK Government is already thinking how to navigate these stormy economic times which can produce a social conflict. This is one of the reasons, for instance, from UK to proactively help Ukraine against Russia which uses gas as a political weapon to weaken the European solidarity. It seems adequate to quote Dickens here: “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of light, it was the season of darkness, it was the spring of hope, it was the winter of despair.” Take care out there.