SOARING INFLATION ON COURSE TO COST REEVES £28BN THIS YEAR
https://s.yimg.com/ny/api/res/1.2/bgN3NxfzhtVbbmcgSxkoGA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD03NTA-/https://media.zenfs.com/en/the_telegraph_258/9a441add6c34127db559c283ffce7f6e
✍️ UK's debt payments are expected to increase by £28.5 billion due to soaring inflation, according to economists.
👉 Interest payments on linker bonds are expected to total £28.5 billion this year 👉 This is £2 billion more than official estimates made in March and four times the forecasts made two years ago 👉 The Chancellor's recent tax raid and increase to the minimum wage have been blamed for stoking inflation 👉 Economists predict that if inflation continues to overshoot, the debt interest bill could increase by another £2.3 billion
-- #RachelReeves #RuthGregory #MartinBeck #NabilTaleb #MelStride #politics
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