Marketplace All-in-One Britain's inflation keeps creeping up
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Jul 16, 2025 UK inflation has risen unexpectedly to 3.6%, primarily due to soaring food and fuel prices. In response, the Chancellor is promoting stock investments to bolster the economy. The discussion also highlights global economic tensions, including Cuba's labor minister's resignation and trade deal updates with Indonesia and Brazil. Additionally, there are quirky regulations impacting tourists in Portofino, adding an interesting twist to the global trade landscape.
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UK Inflation Rising Higher Than Expected
- UK inflation rose to 3.6% in June, above expectations and last month’s rate.
- This rise is mainly driven by motor fuel and food prices, the latter increasing for the third month in a row.
Factors Behind Sticky Food Inflation
- Food price increases are partly due to wholesale costs, higher minimum wages, and increased business taxes.
- Retailers appear to be passing these increased costs onto consumers, contributing to inflation stickiness.
Chancellor Urges More Investment Risk
- The UK Chancellor Rachel Reeves encourages individuals to invest in stocks and shares instead of holding cash.
- Banks and pension funds are advised to take more risks to stimulate UK economic growth.