The news of a record rise in the cost of living in the UK is causing serious discontent among residents. The newspaper writes about it Financial Times.
As noted in the publication material, inflation came in well above forecast in June and reached 9.4%. This is the worst indicator among the “Big Seven” (G7) countries. The main triggers last month were the rise in food prices (9.8%) and gasoline (18.1 pence increase per liter).
The publication warns that the situation could worsen significantly in October, when wholesale energy prices rise.
Meanwhile, discontent is growing among members of the working class. That’s why Royal Mail employees are already planning to go on strike, which could be the biggest summer show in the country. Public sector workers are also worried, as the government has proposed to raise their wages by only 5% below the inflation rate, the publication said.
Previously reportedHe noted that 76% of UK companies are having difficulty hiring new employees due to rising prices in the industrial sector. Information about this is taken from the press release of the British Chamber of Commerce.
For this reason, companies in the construction sector (84%) face the most difficulties. This is followed by industry and manufacturing (79%), logistics (79%) and accommodation (78%). Data is based on a survey of 5,700 businesses across a range of businesses.