63 In a recent statement, UK Finance Minister Rishi Sunak cautioned that it is not a given that inflation in the country will slow down in the coming year. Sunak pointed to ongoing uncertainty surrounding Brexit and the ongoing COVID-19 pandemic as key factors that could impact the rate of inflation in the UK. His comments come as the Bank of England recently predicted that inflation in the country could rise to as high as 2.75% in the near term, well above the bank’s target rate of 2%. Sunak urged the public to remain vigilant and to continue to monitor economic developments closely. You Might Be Interested In Azalina: Cabinet agrees to restrict Sedition Act to only royalty issues Tiananmen Square: Hong Kong police detain activists on anniversary of massacre European Parliament Urges Commission to Reevaluate EU-U.S. Data Privacy Framework in Resolution Vote Cleveland Fed President Mester Cautious Despite Lower Inflation, Calls for Further Evidence Supreme Court and Union Government Clash Over Definition of Male and Female in Same-Sex Marriage Case Hajiji: International arbitration and mediation centre to boost Sabah as regional hub for alternative dispute resolution
