The shock inflation figures are another serious knock for the Chancellor who claimed only a few months back that Labour would bring stability to the country’s economy after years of Conservative incompetence.
Back in October, the OBR forecast inflation to peak at 2.6 per cent this year partly ‘due to the direct and indirect impact of Budget measures’.
Inflation soared to 3 per cent in the year to January, almost double the level it was at the time of last October’s Budget and the fastest rate for ten months.
Setback: Shock inflation figures are another knock for the Chancellor (pictured with Prime Minister Keir Starmer) who claimed that Labour would bring stability to the country’s economy.
Citigroup awarded chief executive Jane Fraser a whopping 33 per cent increase in pay last year, taking her package to $34.5million, and total pay over the last four years to $100million-plus.
