UK's Economic Downturn Deepens as Inflation Hits 11-Year High A new report from the Office for National Statistics (ONS) reveals that inflation in the UK has reached an 11-year high, with the Consumer Prices Index (CPI) rising to 9.1% in the past year. This alarming increase in prices has sparked concerns about the country's economic stability, with many experts warning of a looming recession. The UK's economic downturn has been exacerbated by the ongoing war in Ukraine, global supply chain disruptions, and a surge in energy costs. As the cost of living continues to rise, Britons are bracing themselves for a potentially tough year ahead.
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