The Office for National Statistics (ONS) has confirmed today that UK inflation has risen to 9.4% amid the rising cost of living crisis.
This is once again the highest the figure has been for 40 years.
The data released by the ONS for June today is higher than the 9.3% previously-predicted by economists, and comes after the UK annual inflation rate first broke the 40-year record by hitting 9% back in April, before rising again to 9.1% in May – officially making it the ninth month in a row that the rate has risen.
The ONS said that June’s inflation figure was in part due to a 42% year-on-year increase in petrol prices, and an increase of almost 10% in food prices, while overall transport costs were also said to be one of the main culprits.
On top of that, prices paid by factories for materials and energy were 24% higher in June than a year earlier, which is the biggest increase since records all the way back began in 1985, and prices charged by factories jumped by 16.5% in June too.
The ONS has confirmed that the UK inflation has risen to 9.4% amid the rising cost of living crisis / Credit: Aldi UK
The Bank of England is expecting a further acceleration beyond 11% in October.
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This rise is expected when the energy price cap is to be adjusted yet again, and is predicted to surge towards average annual bills above £3,000.
Speaking on the latest rise of the inflation rate, Chancellor Nadhim Zahawi said: “Countries around the world are battling higher prices and I know how difficult that is for people right here in the UK, so we are working alongside the Bank of England to bear down on inflation.
“We’ve introduced £37 billion worth of help for households, including at least £1,200 for eight million of the most vulnerable families and lifting over two million more of the lowest paid out of paying personal tax.”
The government’s handling of the cost of living crisis as a whole has been heavily critiqued.
This is the the ninth month in a row that the inflation rate has risen / Credit: Aldi UK
In response to the Chancellor’s comments on the rising inflation rate today, and referencing the government’s handling of the cost of living crisis, Labour’s Shadow Chancellor Rachel Reeves said: “The cost of living crisis is leaving families more worried every day, but all we get from the Tories is chaos, distraction and unfunded fantasy economics.
“Rising inflation may be pushing family finances to the brink, but the low wage spiral facing so many in Britain isn’t new. It’s the result of a decade of Tory mismanagement of our economy, meaning living standards and real wages have failed to grow.
“We need more than sticking plasters to get us back on course – we need a stronger, and more secure economy.”
Rio Ferdinand is stepping away from TNT Sports after more than a decade
Danny Jones
Manchester United legend and ex-England international Rio Ferdinand has announced he will be stepping away from TNT Sports, leaving more than a decade with the broadcaster.
Ferdinand has spent the best part of the last 10 years serving as a leading pundit and analyst, as well as hosting his own ‘Rio Meets’ online series – the interview format of which has been replicated on his YouTube channel.
However, after having been one of their main anchors both under the BT Sport and even more so since the inception of the rebranded TNT Sports Football umbrella, the 46-year-old has confirmed he has now quit their regular coverage following the Champions League final this weekend.
In a lengthy statement on social media, the ex-Man United defender, who also played for Leeds, West Ham, Bournemouth and QPR, described it as a “difficult decision.”
Taking time to thank the network for their “tremendous support” over the years, especially those “behind the scenes, whose work often goes unseen but has been essential to our success.”
The talented centre-back retired in May 2015 after more than 500 appearances and 81 national team caps, making an almost immediate switch into punditry and remaining a household name.
Rio has also remained a popular figure at Old Trafford and, indeed, across various parts of Manchester since leaving United in 2014.
For instance, his self-titled Foundation has carried out some truly transformational local outreach across various boroughs, as it has back in his home city of London.
Responding to the news, TNT Sports said nothing more than “Thanks for everything, Rio”; meanwhile, fellow former Red, Danny Simpson (who retired last year and also works as a pundit/presenter for MUTV) added: “You’re going to be missed, bro. Every time you’re on, you give us all the mad insight.”
However, he has promised he will remain in the media industry, continuing to work under the Rio Ferdinand Presents digital brand and pursuing “other business interests”.
With his ‘Rio Reacts’ and ‘Vibe with FIVE’ series regularly raking in millions of views, he might not be on the box during European nights but you’ll still be seeing plenty of him.
Rare bat-eared foxes have arrived at Chester Zoo for the first time in more than 30 years
Emily Sergeant
It’s time to say a big hello, as rare bat-eared foxes have now arrived at Chester Zoo.
The two sisters, named Maasai and Malindi, have been welcomed by conservationists after travelling more than 500 miles from a zoo in Paris, and they are the first mammals of their kind to come to Chester Zoo in more than 30 years.
First images show the pair exploring their home in the zoo’s new Heart of Africa habitat – which officially opened to the public back in March, and is the largest zoo development ever undertaken in the UK, spanning more than 22.5 acres in size.
The adorable – but rather unique-looking – bat-eared fox is named after its distinctive oversized ears and is native to the open savannahs and arid grasslands of eastern and southern Africa.
They live for around 13 years on average, and their characteristically large ears help regulate their body temperature and enhance their incredible hearing, allowing them to prey like detect insects moving underground.
The species faces increasing threats in the wild, largely due to the loss of their habitat caused by agriculture, human encroachment, and hunting.
This is why Chester Zoo has long been at the forefront of protecting African wildlife.
Its teams’ have been supporting everything from the safe translocation of northern giraffes to protected national parks in Uganda, to developing cutting-edge AI trail cameras to protect giant pangolins from illegal trafficking in recent years.
Bat-eared foxes have arrived at Chester Zoo for the first time in 30 years / Credit: Chester Zoo
“It’s incredibly exciting to welcome bat-eared foxes back to Chester Zoo after a 30-year hiatus,” commented David White, who is the Twilight Team Manager at Chester Zoo.
“Both Maasai and Malindi are settling in well so far, spending much of their time exploring their expansive home and getting to know their new housemates – a family of twelve Cape porcupines. These two species would often come across one another in the wild, so we’ve recreated this right here at Chester.
“In time, we hope to introduce one of the two sisters to a male fox, with the hope that we can contribute to the European conservation breeding programme, helping to ensure there’s a healthy, genetically diverse back-up population in human care.