The surge in borrowing costs puts the British government’s plan to revive economic growth, by allocating more money for public services and greater investment, at risk less than three months after it was announced.
Eshe Nelson,
New York Times,
14 Jan. 2025
Related article Americans may have to actually brace for stagflation with Trump tariffs
A surge in energy costs was the culprit behind the monthly increase, according to the report.
Smoke billows as fire burns while powerful winds fueling devastating wildfires in the Los Angeles area force people to evacuate, at the Eaton Fire in Altadena, California, U.S. January 8, 2025.
Jesse Pound,
CNBC,
8 Jan. 2025
But now and then, here and there, one of the pipes springs a leak and the escaping steam billows up through the nearest manhole.
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