Business and Economics

Starmer urged Mr Johnson to make an “inevitable U-turn” on imposing a windfall tax on oil and gas producers.

"Royal Mail record an operating profit of £758 million & immediately announce plans to hike their prices. Do you see how it works?"

“It’s just a reflection of the building pessimism amongst investors over the outlook for the UK economy."

"Putin invaded Ukraine nearly three months ago, and yet fossil fuel money from the UK is still funding his war chest," said Greenpeace.

Stagflation reflects the "realities that Brexit has wrought", economist Adam Posen said.

It comes as food prices for customers continue to rise amid a host of intensifying pressures on household budgets.

“This is a sign of things to come. Unions are starting to win the fight against insecure work and won’t rest until platform companies across the gig economy agree to work with their staff on improving pay and conditions."

Threats to rip up parts of the Northern Ireland Protocol could result in trade tariffs being imposed by the EU - escalating the cost of living crisis.

It comes after a Minister told Brits to buy value brands to cope with the cost-of-living crisis.