Britain COST UPS Britain

Back to the bad old days of the 1990s as recession looms for UK

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theguardian.com

Britain’s hard-pressed households could feel even worse done by this week when official inflation figures show just how fast the cost of living is rising.

Economists are forecasting a jump from March’s 7% to 9.1% in April.If the pundits are right, the consumer prices index will be at its highest level since 1990, when the UK was struggling with one of its worst postwar property slumps and a full-blown recession.Not that families need telling – disposable incomes across the country have been hit hard.

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