Inflation fails to fall as UK national debt reaches 100% of GDP

Inflation has stayed at 8.7% despite forecasts suggesting it would fall to 8.4%. Additionally, the UK’s debt has reached more than 100% of GDP for the first time since 1961, as Government borrowing more than doubled last month.

Our Economics and Data Editor Ed Conway reports on these developments and what they mean for the UK economy.

#ukeconomy #inflation #nationaldebt

[HKsolo-oqsq]

UK is desperately to be number 1 at something

[sukhdevjohal]

This is just the beginning, its going to get much worse

[EliF-gebu]

Yeah, the interest rates is the same in the US but the main difference is, mortgage rates in the US is fixed long term up to 30 years, not 2 years to 5 years in the UK. That is the reason the UK is fucked.

[cobbler]

Tory scorched earth ! Rich pickings for their mates.

[markjackson]

Well done Sunak, financial guru, NOT!!!

[andyg]

Right... it's BREXIT's fault!

[cobbler]

They couldn’t keep all the plates spinning !

[mrmeldrew]

Didn't Sunak pledge another 3 billion of aid yesterday?!
Wonderful - my mortgage will jump around £400 a month next year, that money wont help local buisnesses, just make my bank richer.

[ulfosterberg]

Four years more and uk is in Greece territory. EU saved Greece. Who is going to save uk?

[thenoodlebuddy]

I've been saying it for months we are heading into stagflation, look after yourselves it isn't going to be pretty

[tommyi]

House of Lies are collapsing, it's our fault though 😂

[julesgiddings]

Every generation has this happen. The only difference is house prices have a very long way to drop this time.

[TUDCARELL]

Wonder what Russiass inflation is doing?

[frontier]

And they continue to borrow money to reward those who refuse to work!

[richardcharters]

There going after the wrong people it's not the mortgage holders that are at fault and needed to be squeezed for every penny it's the corporations milking the game and profiteering off the supposed energy crisis/war scam

[Robert-xyxi]

5 billion already been given to BlackRock Zelenskiy regime! Another 2 billion has been pledged!

[latchmere]

Prices are rising everywhere in Europe. Another bias point of view.

[paulsaintclair]

Inflation is absolutely deadly (Economic Cancer) .... interest rates need to rise cautiously slowly .... I knew this was coming regardless 2 decades ago tbh .... /o\

[eddieyeoh]

UK’s undeclared war with Russia economy!! The Zelensky curse strikes!! 😂😂😂

[notoco]

Interest rates are not the enemy - level of debt is.