UK Inflation Hits 10.1%

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The Facts

  • The annual rate of inflation in the UK exceeded 10% for the second time this year in September, according to The Office for National Statistics (ONS). It's the highest level seen in Britain since 1982.

  • The Consumer Prices Index (CPI) rose from an annual rate of 9.9% in the twelve months to August to again hit the record high of 10.1% recorded in July. According to the ONS, soaring food prices were the single largest contributor to the acceleration of inflation.


The Spin

Left narrative

To call Liz Truss' tenure as PM shambolic would be an understatement. Ongoing Tory malgovernance has had profound consequences for the global reputation of Britain and its economy. The Conservative party is now a reflection of serious rot in UK politics – Westminster is in dire need of a new Labour government.

Right narrative

Truss' best hope of survival is that there's no obvious replacement for the role of Conservative party leader. However, Rishi Sunak is increasingly becoming a clear candidate around which MPs can unite. The current PM is providing a hapless performance after just six weeks in post and her political ineptitude must be stopped to protect the Conservatives' electoral chances.


Metaculus Prediction



Political split

LEFT

RIGHT

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