State pension set for four percent increase amid ‘steep’ inflation rise

Laura Kuenssberg grills Rishi Sunak on taxation rise

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Inflation in the UK has made a record jump as the economy continues to bounce back from the pandemic. The Office for National Statistics (ONS) said the consumer prices index measure of annual inflation rose to 3.2 percent in August, up from 2 percent in July and the highest rate since March 2012. This means the cost of a meal has snapped back from a period of steep reduction a year ago.

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