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UK inflation falls as economy shrinks in May

by | Sep 11, 2023 | News

The UK’s rate of inflation fell to 7.9% in the year to June while the country’s economy shrank in May, according to the latest Consumer Prices Index (CPI) published by the Office for National Statistics (ONS). The inflation rate is currently at its lowest annual rate...

What does the high inflation rate mean for small businesses?

by | Nov 1, 2022 | News

Key Points ▪︎ Businesses are affected by supply pressures as they pay more to buy materials and products ▪︎ Wages can increase as employees ask to be paid more to compensate for increasing inflation The UK is experiencing a high rate of inflation. What is inflation...

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