UK inflation holds steady at 2.8% in May, remaining above Bank of England target
By
BBC News
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Summary
UK inflation remained steady at 2.8% in the year to May, staying above the Bank of England's 2% target. Shadow chancellor Mel Stride criticized Labour's economic policies, claiming they led to the UK having the highest inflation in the G7 during the energy crisis and accusing Rachel Reeves of increasing the deficit by 75%.
Key quotes
· 4 pulledPrices are still rising too fast
Thanks to Labour's choices the UK went into the latest energy crisis with the highest inflation in the G7
Rachel Reeves has increased the deficit by 75% and those lining up to replace Keir Starmer want to borrow even more
Only the Conservatives have a leader with the backbone and strong team needed
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