Episode Details

UK inflation dipped to 2.6% in June, fueled by falling fuel prices — a welcome reprieve as the new Prime Minister takes office. But relief may be temporary: next month’s energy price cap hike will add £221 annually to household bills. The government is countering with VAT cuts on electricity and a £2 bus fare cap across England, framing these as cost-of-living lifelines. Yet global tensions, including Middle East flare-ups, are pushing oil prices up again, with economists forecasting inflation could hit 3.4% by November — and food prices may climb later this year due to rising energy and fertilizer costs. The ride’s far from smooth.

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