UK Will Suffer Highest Price Rises In G7, Warns Labour
The Independent|April 24, 2023
The UK will be hit with the fastest and harshest price rises in the G7, the Labour Party has warned.
MARTHA MCHARDY
UK Will Suffer Highest Price Rises In G7, Warns Labour

Forecasts show that prices for everyday goods are set to rise 40 per cent faster in the UK than any other major advanced economy, costing households nearly £1,500 per year, the party said.

Labour has warned of the economic impacts expected over the next two years as the UK is set to experience the fastest inflation in the G7.

The party blamed the economic turmoil on Brexit and a lack of support for businesses across the UK, which it says has left "our businesses and households exposed to these rising prices".

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