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UK inflation rose to 3.5% in April, up from 2.6% in March, marking the highest level since February 2024. The increase was driven by significant rises in vehicle duty, airfare costs and household bills, including a 26.1% rise in water and sewerage charges, the largest since 1988.
The figures have raised concerns about the persistence of inflationary pressures and will likely influence the Bank of England’s approach to interest rates adjustments.
Chancellor Rachel Reeves expressed disappointment, acknowledging the ongoing cost of living challenges faced by households.
Essential Wealth Management
1-2 Great Farm Barns
West Woodhay
Newbury
Berkshire RG20 0BP
Tel: 01488 669840
Fax: 01488 669216
Email: [email protected]
Essential Wealth Management is a trading name of Essential Wealth Management and Advice Ltd which is an appointed representative of 2plan wealth management Ltd which is authorised and regulated by the Financial Conduct Authority. Essential Wealth Management and Advice Ltd is entered on the FCA register (www.FCA.org.uk) under no. 518528. Registered office: 1-2 Great Farm Barns, West Woodhay,Newbury, Berkshire RG20 0BP. Registered in England and Wales Number: 04020006.
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Approved by 2plan wealth management Ltd on 20/05/2025
