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UK inflation hits 40-year high of 9.0% as households suffer

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Reuters UK

By Andy Bruce and William Schomberg LONDON (Reuters) – British inflation surged last month to its highest annual rate since 1982, piling pressure on finance minister Rishi Sunak to step up his help for households facing a worsening cost-of-living crisis. Consumer price inflation hit 9% in April, the Office for National Statistics said on Wednesday, surpassing the peaks of the early 1990s recession that many Britons remember for sky-high interest rates and widespread mortgage defaults. Reuters’ poll of economists had pointed to a reading of 9.1%. Britain now has the highest inflation rate of Eu…

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