Download "UK inflation rises to near 30-year high"

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00:00:01
britons are beginning to feel the
00:00:03
squeeze on living standards new figures
00:00:05
wednesday showed inflation jumping to
00:00:08
5.4 percent in december its highest in
00:00:11
nearly 30 years prices for food
00:00:14
hospitality and household goods were the
00:00:16
main factors fuel prices which were the
00:00:19
key driver in previous months remained
00:00:22
at their recent highs now all eyes will
00:00:24
be on the bank of england the soaring
00:00:26
cost of living is putting pressure on
00:00:28
the boe to raise its main interest rate
00:00:31
again
00:00:32
last month it became the first major
00:00:34
central bank to tighten policy since the
00:00:37
start of the global health crisis
00:00:39
interest rates rose to a quarter of a
00:00:41
percent in december with financial
00:00:43
markets pricing in a more than 90 chance
00:00:46
that interest rates will increase to
00:00:48
half a percent in february
00:00:50
and further pressure is expected on
00:00:52
inflation in april when a cap on energy
00:00:55
prices will go up and household energy
00:00:58
bills could rise by as much as 50
00:01:00
percent many economists now think price
00:01:03
rises could hit seven percent
00:01:06
and it's all a mounting problem for the
00:01:08
government which faces growing calls to
00:01:10
offset the rise in energy bills

Description:

Inflation in Britain rose faster than expected to a near 30-year high in December, intensifying a squeeze on living standards and putting pressure on the Bank of England to raise interest rates again. Subscribe: http://smarturl.it/reuterssubscribe Reuters brings you the latest business, finance and breaking news video from around the globe. Our reputation for accuracy and impartiality is unparalleled. Get the latest news on: https://www.reuters.com/ Follow Reuters on Facebook: https://www.facebook.com/unsupportedbrowser Follow Reuters on Twitter: https://twitter.com/Reuters Follow Reuters on Instagram: https://www.facebook.com/unsupportedbrowser

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