Economic Indicators

UK’s Sunak: Tight labour market adding to inflation pressures

2022.05.27 10:47

UK's Sunak: Tight labour market adding to inflation pressures
British Chancellor of the Exchequer Rishi Sunak leaves Downing Street, in London, Britain, May 26, 2022. REUTERS/John Sibley

LONDON (Reuters) – A tight labour market and an energy price shock are causing inflationary pressures, Britain’s finance minister Rishi Sunak said on Friday, adding that he felt confident in the country’s overall economic outlook.

“We are experiencing inflation pressures from both a tight labour market, although that is something to celebrate, but also the energy price shock,” Sunak told BBC’s Radio 4.

“I’m very confident about the outlook for our economy over time.”

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 92,870.88 1.98%
ethereum
Ethereum (ETH) $ 3,404.72 0.82%
tether
Tether (USDT) $ 1.00 0.04%
solana
Solana (SOL) $ 229.47 3.94%
bnb
BNB (BNB) $ 618.02 4.15%
xrp
XRP (XRP) $ 1.37 5.60%
dogecoin
Dogecoin (DOGE) $ 0.390093 4.27%
usd-coin
USDC (USDC) $ 1.00 0.03%
cardano
Cardano (ADA) $ 0.960239 2.49%
staked-ether
Lido Staked Ether (STETH) $ 3,401.66 0.83%
avalanche-2
Avalanche (AVAX) $ 42.93 1.59%
tron
TRON (TRX) $ 0.19714 1.74%
the-open-network
Toncoin (TON) $ 6.21 0.81%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,041.51 0.66%
shiba-inu
Shiba Inu (SHIB) $ 0.000024 3.38%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 92,579.80 2.16%
stellar
Stellar (XLM) $ 0.430865 13.07%
polkadot
Polkadot (DOT) $ 8.11 3.82%
chainlink
Chainlink (LINK) $ 17.83 1.18%
weth
WETH (WETH) $ 3,404.14 0.82%
bitcoin-cash
Bitcoin Cash (BCH) $ 494.93 1.46%
sui
Sui (SUI) $ 3.30 1.37%
near
NEAR Protocol (NEAR) $ 6.51 1.21%
pepe
Pepe (PEPE) $ 0.000018 5.69%
leo-token
LEO Token (LEO) $ 7.98 1.90%
litecoin
Litecoin (LTC) $ 94.36 0.30%
uniswap
Uniswap (UNI) $ 11.45 2.36%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,590.10 0.71%
aptos
Aptos (APT) $ 11.82 1.83%
internet-computer
Internet Computer (ICP) $ 11.30 4.41%
usds
USDS (USDS) $ 1.00 0.30%
hedera-hashgraph
Hedera (HBAR) $ 0.134043 3.66%
crypto-com-chain
Cronos (CRO) $ 0.171124 4.62%
ethereum-classic
Ethereum Classic (ETC) $ 29.70 0.56%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.537867 2.89%
bittensor
Bittensor (TAO) $ 545.37 3.64%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.03%
render-token
Render (RENDER) $ 7.41 4.11%
kaspa
Kaspa (KAS) $ 0.14859 1.64%
arbitrum
Arbitrum (ARB) $ 0.913536 0.48%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.38 5.54%
celestia
Celestia (TIA) $ 8.07 4.73%
whitebit
WhiteBIT Coin (WBT) $ 23.60 1.69%
dai
Dai (DAI) $ 1.00 0.04%
mantra-dao
MANTRA (OM) $ 3.67 0.96%
filecoin
Filecoin (FIL) $ 5.44 5.08%
vechain
VeChain (VET) $ 0.040296 2.64%
okb
OKB (OKB) $ 53.52 2.85%
bonk
Bonk (BONK) $ 0.000042 4.91%
blockstack
Stacks (STX) $ 2.09 4.67%