Inflation in Britain broke a 40-year record - Reuters
In April it was 9%, and in May it already reached 9.1%. This is the highest figure among the G7 countries.
Many investors agree that Britain is at risk of recession. The country has to pay large sums for energy imports, as well as the possible costly consequences of Brexit, threatening trade ties with the EU.
Average wages have not kept up with inflation, and unions are warning of massive strikes in the coming months. Railroad workers have already gone on strike this week.