After Pandemic Every Economy is facing a common issue – Inflation. Here we will dive into the UK inflation & How UK’s Central Bank is facing the Crisis Couched around a red inflation graph, the economists expect interest rates to rise to at least 3% in the UK.
The Bank of England is under pressure to raise interest rates to squeeze the economy and with it the inflationary pressures are driving the prices even higher. Let us understand what led to this Cost of Living Crisis in UK and what measures can be taken to ease the pain.
Post Credits – Pranay Kumar Jaiswal and Shreya Singh