142 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 Xi calls for a Palestinian state to become a ‘full member’ of the UN SVB Financial Group Unveils Plans for Common Stock and Convertible Preferred Stock Offerings Zambia Provides No Timeline for Debt Restructuring Amid IMF Negotiations Reassessing Australia’s military spending rationale Surprise Biden Admin Sting Indicts Chinese Fentanyl Producers London Seeks to Reclaim Crown as Global Financial Capital