UK economy falters on cost-of-living crisis
Annual food price inflation was close to a record-high of 18.4% in May, official UK data showed this week.
Interest rate hike heaps pressure on cash-strapped Britons
Traders anticipate UK interest rates will hit 6% by the end of the year, and could push Britain into recession according to some analysts.
Bank of England hikes rates to 5% in surprise move to tackle stubborn inflation
This is its highest since 2008 and its largest rate increase since February.
