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Inflation
Recep Tayyip Erdogan has abandoned cheap money in order to combat Turkey’s rising inflation
Turkish president Recep Tayyip Erdogan has abandoned his life-long hostility to interest rate rises, vowing to use "tight monetary policy" to cool rampant price growth as his government acknowledged inflation would reach 65 per cent by the…
France accuses Unilever of refusing price reductions
Unilever Nestle Pepsico have been accused by the government of Emmanuel Macron for refusing to pass on lower prices to families, as Paris struggles to control food inflation that is double digits.
Bruno Le Maire, France’s Finance…
The UK is once again plagued by’stagflation
A think tank warned that the UK economy suffers from a "British Disease" of 1970s style, which means inflation won't fall to Bank of England target of 2 percent until 2027.
The National Institute of Economic and Social Research said that…
Consumer borrowing reaches a five-year high, as inflation reduces earnings
Last month, families took on more debt than they had since 2018. Rising costs have put increasing pressure on household finances.
According to the Bank of England consumer credit increased by PS1.7bn in a single month as consumers…