10/27/2021, 1:45 PM (Source: TeleTrader)
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UK has to work against inflation hikes - Sunak

The United Kingdom has to work amid "a challenging backdrop" of rising inflation, British Chancellor of the Exchequer Rishi Sunak said on Wednesday.

Delivering an autumn budget speech before the UK parliament, Sunak estimated that the economic growth in the country will amount to 6% in 2022, and to 6.5% in 2021, as opposed to the previous figure of 4%.

According to the data by the UK Office for Budget Responsibility (OBR), inflation is expected to average 4% over the year 2022, Sunak noted.

Baha Breaking News (BBN) / BU