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Why does Britain have the worst inflation in the G7? - BBC Newsnight

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The Bank of England is watching UK inflation carefully, and the latest official figures show that inflation slowed in April by less than expected to 8.7%.

Britain’s ‘core inflation’ - a measure which doesn’t include volatile components such as energy and food - is the highest of the G7 countries at 6.8% and is going in the wrong direction.

Nationwide building society has warned that rises in mortgage interest rates - closely tied to increases in the Bank of England’s rate that has been raised to try and control inflation - could hit the housing market.

So why is inflation in the UK so stubborn compared to similar countries? Newsnight’s Economics Editor Ben Chu reports.

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World
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bbc, bbc news, news
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