143 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 US Judge Rules HCA Healthcare Must Face Antitrust Case Regarding Health Costs Iran Supreme Leader Leads Prayers at Raisi Funeral as Election Looms Western nations accept ‘climbdown’ on Ukraine to salvage G20’s relevance ExxonMobil Advances Whiptail Development in Guyana Abdullah bin Zayed meets UN-appointed Special Coordinator for Independent Assessment on Afghanistan Sahara Issue, Palestinian Cause Are ‘Moroccan Consensus’, Says Former Palestinian Minister