Marketplace Morning Report Britain's inflation keeps creeping up
Jul 16, 2025
Inflation in the UK has risen unexpectedly to 3.6%, largely due to skyrocketing food and fuel prices. U.K. Chancellor Rachel Reeves promotes stock investment, aiming to stimulate the economy. Meanwhile, a controversial statement from Cuba's labor minister regarding begging has sparked debate. The podcast also dives into international trade tensions, particularly between the U.S. and Indonesia, alongside updates on regulatory changes affecting mortgages and banking.
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UK Inflation Sticks Above Target
- UK inflation reached 3.6% in June, higher than expected, driven by motor fuel and rising food prices.
- Retailers may be passing on increased costs from higher wages and business taxes to consumers.
Chancellor Urges More Investment Risk
- UK Chancellor Rachel Reeves encourages the public to invest in stocks and shares instead of keeping money in low-interest cash accounts.
- Banks and pension funds are urged to take more investment risks to stimulate UK economic growth.
Cuba Labour Minister's Controversial Claim
- Cuba's Labour Minister claimed there are no beggars, causing public outrage and leading to her resignation.
- The statement was seen as disconnected from the tough economic realities faced by ordinary Cubans.