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Portrait of the week

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

20 August 2022

9:00 AM

20 August 2022

9:00 AM

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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.

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