UK inflation hit 3.2 per cent in the year to August, up from 2 per cent in July – the biggest one-month increase on record.
The Office for National Statistics says this 1.2 per cent jump in the Consumer Prices Index (CPI) is the “largest-ever” increase since the index began in January 1997. Inflation is now the highest it has been since March 2012.
A survey of economists by Reuters predicted inflation for August to be 2.9 per cent, 0.3 per cent lower than expected.
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China’s central bank has announced a raft of measures in response to fears that Beijing could miss its annual growth target.
An early proponent of dividend recaps – the financial two-step where equity capital is replaced by debt – was Thames Water.
It would be disastrous for the Chancellor’s “growth agenda” to penalise AIM investors.
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