Politics
UK inflation reaches 3.5% as public debt passes 3 trillion pounds
Fuel costs tied to the Iran war are pushing inflation up as public debt passes 3 trillion pounds.
The short version
- UK inflation climbed to a near one-year high of 3.5%, with fuel prices rising amid the Iran war.[Associated Press]
- Public debt has passed 3 trillion pounds for the first time, with debt servicing taking 8% of government spending.[Associated Press]
- Energy Secretary Miatta Fahnbulleh approved drilling at the Jackdaw field in the North Sea last week.[BBC News]
Key facts
- UK inflation reached a near one-year high of 3.5%, as the Iran war continues to push up fuel prices.[Associated Press]
- UK debt has passed 3 trillion pounds for the first time, requiring 8% of government spending to service it.[Associated Press]
- Energy Secretary Miatta Fahnbulleh approved drilling in the Jackdaw field in the North Sea.[BBC News]
What remains uncertain
- Inflation is expected to go higher in coming months, according to AP reporting.[Associated Press]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.
- Chris Mason: The Budget is imminent as tricky things pile up for BurnhamBBC News - Top Stories
- UK Treasury chief to deliver first budget under Prime Minister Andy BurnhamAssociated Press · Wire: associated-press