The Spectator

Portrait of the week: Inflation soars as Boris moves out of No. 10

issue 20 August 2022

Home

The annual rate of inflation rose to 10.1 per cent, its highest since 1982. Average wages rose by 4.7 per cent between April and June, but inflation in that quarter left average workers 3 per cent less well-off than before. The supermarket Iceland was to offer customers interest-free loans of between £25 and £100, repayable at £10 a week, to help them buy food.

GIF Image

Disagree with half of it, enjoy reading all of it

TRY A MONTH FREE
Our magazine articles are for subscribers only. Try a month of Britain’s best writing, absolutely free.

Comments

Join the debate, free for a month

Be part of the conversation with other Spectator readers by getting your first month free.

Already a subscriber? Log in