UK inflation jumps to 3% in blow to Rachel Reeves

Inflation in the UK rose faster than expected last month to its highest level in nearly a year, casting doubt on the Bank of England’s capacity to lower borrowing costs and dealing a fresh blow to Rachel Reeves’s growth push.

https://www.thetimes.com/business-money/economics/article/inflation-rate-uk-news-january-2025-ons-latest-lj507gksj