UK inflation has hit a fresh 40 year high, climbing 9.1 per cent in the 12 months to May, up from 9 per cent in April. The ongoing surge is partly driven by energy costs, after an increase of ￡700 a-year in energy bills came into force last month.... The government has argued that more generous pay settlements could drive up inflation further, triggering a wage price spiral of the kind not seen since the 1970s.... View more Deputy prime minister, Dominic Raab told Sky News that the UK must sho