Rachel Reeves is making the cost of living crisis worse (Image: Getty)
Rachel Reeves has been slammed over disastrous new inflation figures that prove the cost of living crisis for working Britons has worsened yet again on her watch. This morning the Office for National Statistics confirmed prices rose by 3.8% in the 12 months to July, up from 3.6% in June.
Ms Reeves inherited an inflation rate of just 2% from the Tories, meaning she has nearly doubled the rate at which prices are rising since entering No. 11 Downing Street. Responding to this morning's disastrous news, Shadow Chancellor Mel Stride blasted: "This morning’s news that inflation has risen even higher than the 2 per cent target is deeply worrying for families. Labour’s choices to tax jobs and ramp up borrowing are pushing up costs and stoking inflation – making everyday essentials more expensive. And with leading economists warning that the Chancellor has blown a colossal black hole in the public finances, families and businesses are bracing for yet more pain come the Autumn Budget."
Article continues belowADVERTISEMENT
DON'T MISS
Powered by
Rachel Reeves puts UK on road to ruin as we face 1970s-style run on the pound
Barclays customers given ￡1,300 savings warning as expert says 'wrong account'
POLL: Should Rachel Reeves resign over 'run on pound' crisis? Vote now!
Six money changes in September to be aware of - will you be impacted?
GB News halts for Rachel Reeves breaking alert after devastating inflation figures
Anyone with a Cash ISA urged to move money
BBC Breakfast viewers 'can't bear to watch' as show airs devastating breaking news
The 7 crazy policies backed by the Labour minister writing Rachel Reeves's Budget
Rachel Reeves could launch fresh tax raid on working people amid budget black hole
GB News host erupts 'Labour has gone to war' as Starmer dealt major blow
Eamonn Holmes slams Rachel Reeves in furious GB News rant: 'Bad news for her'
'Tax rises are inevitable!' Rachel Reeves slammed for maxing out Britain's credit card
Cost of train tickets set to soar in 2026 after inflation skyrockets
Government borrowing less than expected in July in respite for Reeves
Anyone with savings in one type of bank account urged to act from Wednesday
UK months away from joining Ghana and Mongolia begging for a bailout
Households hit by huge price rises on 4 food items in supermarkets
Inflation spike 'extinguishes' hopes for further interest rate cuts
GMB halted for major Rachel Reeves 'breaking news' as fans left furious
The top-paying easy access saver at 4.84% - but there's a catch
Rachel Reeves puts UK on road to ruin as we face 1970s-style run on the pound
Barclays customers given ￡1,300 savings warning as expert says 'wrong account'
POLL: Should Rachel Reeves resign over 'run on pound' crisis? Vote now!
Six money changes in September to be aware of - will you be impacted?
GB News halts for Rachel Reeves breaking alert after devastating inflation figures
Anyone with a Cash ISA urged to move money
BBC Breakfast viewers 'can't bear to watch' as show airs devastating breaking news
The 7 crazy policies backed by the Labour minister writing Rachel Reeves's Budget
Rachel Reeves could launch fresh tax raid on working people amid budget black hole
GB News host erupts 'Labour has gone to war' as Starmer dealt major blow
Eamonn Holmes slams Rachel Reeves in furious GB News rant: 'Bad news for her'
'Tax rises are inevitable!' Rachel Reeves slammed for maxing out Britain's credit card
Cost of train tickets set to soar in 2026 after inflation skyrockets
Government borrowing less than expected in July in respite for Reeves
Anyone with savings in one type of bank account urged to act from Wednesday
UK months away from joining Ghana and Mongolia begging for a bailout
Households hit by huge price rises on 4 food items in supermarkets
Inflation spike 'extinguishes' hopes for further interest rate cuts
GMB halted for major Rachel Reeves 'breaking news' as fans left furious
The top-paying easy access saver at 4.84% - but there's a catch
Rachel Reeves puts UK on road to ruin as we face 1970s-style run on the pound
Barclays customers given ￡1,300 savings warning as expert says 'wrong account'
POLL: Should Rachel Reeves resign over 'run on pound' crisis? Vote now!
Six money changes in September to be aware of - will you be impacted?
GB News halts for Rachel Reeves breaking alert after devastating inflation figures
Anyone with a Cash ISA urged to move money
BBC Breakfast viewers 'can't bear to watch' as show airs devastating breaking news
The 7 crazy policies backed by the Labour minister writing Rachel Reeves's Budget
Rachel Reeves could launch fresh tax raid on working people amid budget black hole
GB News host erupts 'Labour has gone to war' as Starmer dealt major blow
Eamonn Holmes slams Rachel Reeves in furious GB News rant: 'Bad news for her'
'Tax rises are inevitable!' Rachel Reeves slammed for maxing out Britain's credit card
Cost of train tickets set to soar in 2026 after inflation skyrockets
Government borrowing less than expected in July in respite for Reeves
Anyone with savings in one type of bank account urged to act from Wednesday
UK months away from joining Ghana and Mongolia begging for a bailout
Households hit by huge price rises on 4 food items in supermarkets
Inflation spike 'extinguishes' hopes for further interest rate cuts
GMB halted for major Rachel Reeves 'breaking news' as fans left furious
The top-paying easy access saver at 4.84% - but there's a catch
Tory Mel Stride says voters are paying the price for Reeves' mismanagement (Image: Getty)
“Families are paying the price for Rachel Reeves’ economic mismanagement. Britain can’t afford Labour.”
Tory Shadow Business Secretary Andrew Griffith added: "The fault for this inflation lies squarely in Downing Street. Labour’s jobs tax, rates hikes and minimum wage rises have all fed through to higher prices - just as predicted. This should give the Chancellor real pause for thought before inflicting any more tax rises this autumn.”
Powered By
10 Sec
49.5K
5
LBC's Nick Ferrari debates with caller
Next
Stay
Ms Reeves insisted things are better now than compared to the height of the cost of living crisis following lockdown, when inflation hit 11%, though conceded "there's more to do to ease the cost of living."
Sponsored
Learn More
Amazing Japanese all-in-one gel for blemish removal
Undo
"That’s why we’ve raised the minimum wage, extended the ￡3 bus fare cap, expanded free school meals to over half a million more children, and are rolling out free breakfast clubs for every child in the country. Through our Plan for Change we’re going further and faster to put more money in people's pockets.”
The Liberal Democrats branded this morning's news as "grim", accusing Labour of failing to offer "a vision for the economy or a strategy to bring down the cost of living."
Inflation has nearly doubled under Rachel Reeves (Image: Getty)
Commenting on today's rise, ONS chief Grant Fitzner explained the grim news was largely driven by a rise in air fairs, petrol and food.
He pointed to coffee, fresh orange juice, meat and chocolate seeing the biggest price rises in people's weekly shop.
The Government has an inflation target of 2%, which the Bank of England is mandated to help meet with its powers over interest rates.
Britain's so-called "sticky" inflation has been credited with not allowing the Bank to cut interests rates as quickly as they would have otherwise been.
DON'T MISS
Powered by
BBC Breakfast viewers 'can't bear to watch' as show airs devastating breaking news
The 7 crazy policies backed by the Labour minister writing Rachel Reeves's Budget
Rachel Reeves could launch fresh tax raid on working people amid budget black hole
GB News host erupts 'Labour has gone to war' as Starmer dealt major blow
Eamonn Holmes slams Rachel Reeves in furious GB News rant: 'Bad news for her'
'Tax rises are inevitable!' Rachel Reeves slammed for maxing out Britain's credit card
Cost of train tickets set to soar in 2026 after inflation skyrockets
Government borrowing less than expected in July in respite for Reeves
Anyone with savings in one type of bank account urged to act from Wednesday
UK months away from joining Ghana and Mongolia begging for a bailout
Households hit by huge price rises on 4 food items in supermarkets
Inflation spike 'extinguishes' hopes for further interest rate cuts
GMB halted for major Rachel Reeves 'breaking news' as fans left furious
The top-paying easy access saver at 4.84% - but there's a catch
They Were So Beautiful Before; Now Look At Them; Number 10 Will Shock YouReportingly |
Undo
Rachel Reeves puts UK on road to ruin as we face 1970s-style run on the pound
Barclays customers given ￡1,300 savings warning as expert says 'wrong account'
The man who pioneered Nanyin in SingaporeNAC |
Learn More
Undo
POLL: Should Rachel Reeves resign over 'run on pound' crisis? Vote now!
Six money changes in September to be aware of - will you be impacted?
Meet Beautiful Single Older Women Near Singapore (See List!)Online Dating | Search Ads |
Search Now
GB News halts for Rachel Reeves breaking alert after devastating inflation figures
Anyone with a Cash ISA urged to move money
Me & My Money: Years of savings took just months to deplete for entrepreneurThe Straits Times |
BBC Breakfast viewers 'can't bear to watch' as show airs devastating breaking news
The 7 crazy policies backed by the Labour minister writing Rachel Reeves's Budget
From grain to stage: sending powerful messagesNAC |
Learn More
Rachel Reeves could launch fresh tax raid on working people amid budget black hole
GB News host erupts 'Labour has gone to war' as Starmer dealt major blow
Cote De Pablo Shows Off Her Perfect Figure In These PhotosThe Noodle Box |
Eamonn Holmes slams Rachel Reeves in furious GB News rant: 'Bad news for her'
'Tax rises are inevitable!' Rachel Reeves slammed for maxing out Britain's credit card
Kevin James And His New Partner Who You'll Easily RecognizePemPlay |
Cost of train tickets set to soar in 2026 after inflation skyrockets
Government borrowing less than expected in July in respite for Reeves
15 Most Beautiful Women EverInvestructor |
Anyone with savings in one type of bank account urged to act from Wednesday
UK months away from joining Ghana and Mongolia begging for a bailout
Drone Captures Something No Human Is Supposed To SeeFitDib |
Households hit by huge price rises on 4 food items in supermarkets
Inflation spike 'extinguishes' hopes for further interest rate cuts
Enjoy up to 8% cashback on dining, shopping and entertainment, and Luggage with S$100 cashbackHSBC |
Apply Now
GMB halted for major Rachel Reeves 'breaking news' as fans left furious
The top-paying easy access saver at 4.84% - but there's a catch
Rachel Reeves puts UK on road to ruin as we face 1970s-style run on the pound
Barclays customers given ￡1,300 savings warning as expert says 'wrong account'
POLL: Should Rachel Reeves resign over 'run on pound' crisis? Vote now!
Six money changes in September to be aware of - will you be impacted?
GB News halts for Rachel Reeves breaking alert after devastating inflation figures
Anyone with a Cash ISA urged to move money
BBC Breakfast viewers 'can't bear to watch' as show airs devastating breaking news
The 7 crazy policies backed by the Labour minister writing Rachel Reeves's Budget
Rachel Reeves could launch fresh tax raid on working people amid budget black hole
GB News host erupts 'Labour has gone to war' as Starmer dealt major blow
Eamonn Holmes slams Rachel Reeves in furious GB News rant: 'Bad news for her'
'Tax rises are inevitable!' Rachel Reeves slammed for maxing out Britain's credit card
Cost of train tickets set to soar in 2026 after inflation skyrockets
Welcome Gift Worth up to S$780HSBC
Sponsored LinksSponsored Links
Lucky You: Senior Dating Starts TodayJapansdates
Sponsored LinksSponsored Links
An engineer reveals: 1 simple trick to get all TV channelsTechno Mag
Sponsored LinksSponsored Links
Access all TV channels anywhere, anytimeTechno Mag
Sponsored LinksSponsored Links
The central bank has forecast that inflation will hit 4% next month, which would mean it has doubled on Ms Reeves' watch.
Today's data will also prove bad news for rail commuters, who will now be hit by a whopping 5.8% rise in the cost of their tickets next year.
The Tories' Transport spokesman Richard Holden warned: "These fare rises are a direct result of Labour’s disastrous economic mismanagement. Labour’s capitulation to the unions gave train drivers with a 15 per cent, no-strings pay deal, forcing up prices, while Labour turn a blind eye to fare-dodging and rising violence on the railways."
Read Next
SUBSCRIBEInvalid email
We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. Read our Privacy Policy