'This leaves only one option: spending restraint. Or, as opposition politicians will seek to label it, austerity — something the prime minister once defined himself against' | ✍️ JGForsyth
The cost of living crisis is a global issue but this government is running out of options for how to get it under controlargaret Thatcher’s greatest achievement was slaying the inflationary dragon. She was so successful that Thatcher’s children have had little experience of it: inflation simply hasn’t been a big issue in British politics for decades
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UK inflation soars to 30-year high of 6.2% as cost of living squeeze deepens – business liveRolling coverage of the latest economic and financial news
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